[Sep 2021] Dashen Bank Latest Ethiopian News

Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year [Estimation]

Jul 7, 2021 | 0

A number of 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 30, 2021 G.C (ሰኔ 2013). We have estimated the profit of the remaining banks by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

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

Dashen Bank Earns 1.79bln br Gross (1.54bln br Net) Profit for 2020/2019 budget year

Dec 26, 2020 | 0

Dashen Bank, one of the few banks which has been operating in Ethiopia for 25 years or more, has reported that it has earned 1.79 billion birr gross profit, and 1.54 billion birr net profit for 2020/2019 fiscal year, registering a growth of 39.9% and 51.2% respectively. Earnings per share has also surged by 20.2% and stood at Birr 490 compared to last year’s 408.

Ethiopian Financial Sector – Head Office Buildings of Banks in Ethiopia around Mexico Square, Addis Ababa

Aug 12, 2020 | 0

The following photo shows the rising skyline of Addis Ababa, near mexico square which has been dubbed the future financial sector of Ethiopia. Most private banks and the state owned commercial bank of Ethiopia are constructing head office buildings ranging from 20 to 50 floors.

Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

Jul 20, 2020 | 0

The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget year.

Ethiopian Banks Half Year Performance Report

Jan 28, 2020 | 0

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.

Dashen Bank Grosses 1.3 billion birr profit for 2019 / 2018 financial year

Dec 30, 2019 | 0

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.

Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year

Jul 15, 2019 | 0

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.

Three Private Banks Earn 1 billion Birr Gross Profit for the first time for 2019 / 2018 fiscal year

Jul 15, 2019 | 0

Three private banks passed the 1 billion birr mark in gross profits for the first time namely...

Dashen Bank Earns 929ml birr Net Profit for 2018 / 2017 fiscal year

Dec 3, 2018 | 0

Dashen Bank S.C, one of the oldest banks in Ethiopia, has registered gross profit of 1.14 billion...

Currency (Code)	Buying Rate	Selling Rate
US Dollar(USD)	45.8988	46.8168
Euro(EUR)	53.7704	54.8458
Pound Sterling(GBP)	60.0868	61.2885
UAE Dirham(AED)	11.3076	11.5338
Saudi Riyal(SAR)	11.0746	11.2961

Dashen Bank Latest Ethiopian News