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The current budget year (July 08, 2019 – July 07, 2020 / ሐምሌ 1፡2011 – ሰኔ 30፡2012), has recently been closed. Most banks in Ethiopia have a very close estimate of their profit before tax and other deductions.
The following is an estimation of Ethiopian banks’ profit before tax and other deductions for the 2020 / 2019 fiscal year.
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Enat bank has reported that it has earned 231.4 million birr gross profit and 202 million birr net profit. The bank’s total deposit has reached 7.12 billion birr which has showed an increase of 43%.
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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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Enat Bank has earned 216ml birr gross profit for 2018 / 2017 fiscal year. The bank’s profit...
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Enat Bank declared mixed results in last fiscal year’s performance, with a 26pc rise in its net...
Read MoreEnat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc A 50pc increase in net profits to 78.9 million Br, has slightly helped Enat to...
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