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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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Dashen Bank has reported that it has earned 1.3 billion birr gross profit for 2019 / 2018 budget year. The net profit of the bank now stands at 1.01 billion birr. The bank started it’s operation more than 24 years ago.
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While it has been a few months since the last budget year closed (July 08, 2018 – July 07, 2019 / ሐምሌ 1፡2010 – ሰኔ 30፡2011), not all banks have disclosed their financial statements. The following is Ethiopian banks’ profit before and after tax for the 2019 / 2018 fiscal year.
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Three private banks passed the 1 billion birr mark in gross profits for the first time namely...
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Dashen Bank S.C, one of the oldest banks in Ethiopia, has registered gross profit of 1.14 billion...
Read MoreDashen Bank has upgraded its core banking system which was developed by the US-based company, Oracle, for over 140 million Br total project cost. This is the second time the Bank upgrade its system since 2010. The new system,...
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Dashen Bank posted four percent growth in net profits to 756.1 million Br, while its shareholders’...
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A year of increasing expenses and capital saw Dashen Bank’s profit barely rise and its earnings...
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