[October 2024] Amhara Bank S.C አማራ ባንክ Latest Ethiopian News

Most Profitable, Best Banks in Ethiopia for 2023/2022 Budget Year, Capital, Assets, Loans, Income and other Financial Indicators

Dec 13, 2023 | 3

Top Banks in Ethiopia Ranking for 2023/2022 G.C (2015 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2023/2022 G.C (2015 E.C) fiscal year.

Amhara Bank holds first Shareholders’ Assembly, reports 237mln br gross profit for 2022/2021 budget year, Capital Raised to 20bln br

Dec 29, 2022 | 0

Amhara Bank S.C reported that for it’s 11 days of operation until June 30, 2022 (2022/2021 budget year), the bank grossed 237 million birr profit before tax. The bank opened 75 branches, hired 1,425 employees and collected 401 million birr. Shareholders agreed to raise the bank’s capital to 20 billion birr.

Best Banks in Ethiopia for 2022/2021 Budget Year

Nov 24, 2022 | 0

Top Banks in Ethiopia Ranking for 2022/2021 G.C (2014 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2022/2021 G.C (2014 E.C) fiscal year.

Most Profitable Banks in Ethiopia for 2022/2021 Budget Year

Jul 7, 2022 | 21

Most Banks in Ethiopia are releasing their annual report for 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We have compiled their report and estimated the figures for remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.

Amhara bank to commence operations on June 18, 2022 (ሰኔ 11፤2014)

Jun 13, 2022 | 0

Amhara bank which has the largest number of shareholders from any bank in Ethiopia will officially start it’s operations on June 18, 2022 (Sene 11:2014)

Paid-up capital Requirement for banks in Ethiopia raised from 500mln birr to 5bln birr

May 17, 2021 | 0

The National Bank of Ethiopia (NBE) has directed new entrants to the banking industry to increase their paid-up capital to 5 billion birr 7 seven years.

Currently, 20 banks are under-formation, another four are waiting for an approval from the NBE.

Except for Amhara Bank, which has collected six billion birr paid-up capital prior to its general assembly, almost all new entrants have sold shares worth below one billion Birr

Amhara Bank in dispute with others banks over unpaid interest

Feb 5, 2021 | 0

Amhara Bank is at loggerheads with 10 banks over repayment of interest on the paid-up capital it has collected.

The dispute arose one and a half years after the Bank officially started selling its shares to the public after coming to terms with 10 commercial banks to create accounts in which investors would deposit the money they would like to invest.

These accounts opened by the bank that has collected over six billion Birr in paid-up capital so far are closed accounts.

Executives argue that they are not obliged to pay interest on closed accounts, while Amhara Bank argues that the interest should be paid.

YeEthiopia Diaspora Bank Prepares to Join to ever growing banking industry

Aug 15, 2020 | 0

YeEthiopia Diaspora Bank S.C, a new bank under formation is preparing the join the ever growing banking industry in Ethiopia. The bank aims to collect over 6 billion birr as capital from both the Ethiopian and Diaspora communities.

Amhara Bank S.C – Phone Numbers, Address and How to buy Shares

Apr 1, 2020 | 1

Amhara Bank S.C is a new bank under formation which has managed to collect more than 3.9 billion birr & 5 billion birr in paid-up and subscribed capital respectively as of Mar 2020. The minimum number of shares that can be purchased is 10 (10,000 birr minimum price) while the service charge is 5%. Amhara bank project office can be reached at +251 984 716 3..

Amhara Bank collects over 4.6 bln and 6.3 bln birr paid up & subscribed capital from 150,000+ shareholders

Mar 15, 2020 | 0

Amhara Bank S.C, a new bank under formation, has managed to collect 4.6 billion birr paid up capital from more than 150,000 shareholders. This makes the bank the largest company in Ethiopia interms of number of shareholders. The new bank under formation also managed to collect 6.3 billion birr subscribed capital.

Amhara Bank S.C Starts Selling Shares

Aug 20, 2019 | 0

UPDATE – Amhara Bank S.C, Current Capital, Phone numbers, Address and share information A...

Currency (Code)	Buying Rate	Selling Rate
US Dollar(USD)	57.4895	58.6393
Euro(EUR)	62.3359	63.5826
Pound Sterling(GBP)	70.6759	72.0894
UAE Dirham(AED)	14.1646	14.4479
Saudi Riyal(SAR)	13.8682	14.1456

Amhara Bank S.C አማራ ባንክ Latest Ethiopian News