Banks in Ethiopia Latest News

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Jano Bank, a new investment bank under formation starts selling shares

Jano Bank, a new investment bank under formation, has started selling shares after getting a green light from the National Bank of Ethiopia (NBE). Zenabu Belay, co-owner of Belayab Motors and Belayab Cables; Shiferaw Habte, founder of Wub Water; and Alemayhu Kebede (PhD), former president of Debre Tabor University, are among the founders of the Bank.

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

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..

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Ethiopian Banks Half Year Performance Report

Some private banks have stated out that their half year performance has improved compared to last year’s half year performance. Out of the 16 private banks, Awash Bank leads the pack with 2 billion birr gross profit for the 2020 / 2019 half year. Dashen Banks follows with 1.16 billion birr. Other banks have had an improved gross profit compared to last year’s performance.

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