[Dec 2022] Dashen Bank Latest Ethiopian News

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 | 17

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

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.

Currency (Code)	Buying Rate	Selling Rate
US Dollar(USD)	53.0000	54.0600
Euro(EUR)	54.4734	55.5629
Pound Sterling(GBP)	60.0091	61.2093
UAE Dirham(AED)	13.0584	13.3196
Saudi Riyal(SAR)	12.7618	13.0170

Dashen Bank Latest Ethiopian News