[September 2024] Dashen Bank 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.

Dashen Bank earns 5 billion birr profit before tax for the 2023/2022 budget year

Oct 30, 2023 | 0

Dashen Bank earns 5 billion birr profit before tax for the 2023/2022 budget year registering 31.9% increase compared to the previous year.

The Bank’s total assets reached 144.6 billion birr registering a growth of 24.7% over last year’s position. Loans, and Advances, and IFB financing also witnessed a growth of 28.4% over last year’s same period and stood at Birr 100.2 billion.

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.

Dashen Bank Posts 3.8bln Birr Gross Profit for 2022/2021 F.Y

Oct 27, 2022 | 0

Dashen Bank Posts 3.8bln Birr Gross Profit for 2022/2021 fiscal year. The Bank stated that the profit is 57 percent higher compared to the 2020/2021 fiscal year. The Bank further announced that it was able to collect 16.7 billion Birr additional deposits in the 2021/22 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.

Private Banks Continue their profitability for Half of 2022/2021 fiscal year

Feb 20, 2022 | 1

Private banks in Ethiopia are continuing their profitable trend into the 2022/2021 financial year. According to their half year financial report, most banks were able to double their profitability compared to the 6 months in 2021/2020 financial year.

Awash Bank has managed to earn a gross profit of 4.6 billion birr while Abyssinia Bank grossed 3.3 billion birr for the first 6 months of 2022/2021 half year.

Annual Report for Financial Performance of Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year

Dec 26, 2021 | 0

Annual Financial Performance Report of private Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year. The report includes key figures such as Assets, Total Capital, Paid-up Capital, Total Loans & Advances, Total Deposit, Total Revenue / Income, Expense, Profit before and after Tax, Earning per Share (EPS) and Number of employees, branches and account holders.

Dashen Bank Earns 2.4bln br Gross Profit for 2021 / 2020 fiscal year

Nov 20, 2021 | 0

Dashen Bank has amassed 10.3 billion birr revenue for the 2021 / 2020 fiscal year. The bank managed to collect 21.1 billion birr deposit and the bank’s total deposit has reached 74.6 billion birr which has shown an increase of 39.4 % compared to the previous year.

Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year

Jul 7, 2021 | 1

All private banks in Ethiopia have reported their unaudited gross profits for the 2021 / 2020 G.C (2013 E.C) budget year which ended on June 2021 G.C (ሰኔ 2013). We have compiled the banks gross and net profit for the stated budget year below.

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

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

Dashen Bank Latest Ethiopian News