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A number of banks in Ethiopia have reported their gross profit before taxes and other deductibles for the 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We compiled this report and also estimated the profit of the remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.
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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.
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The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget 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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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 52.2398 | 53.2846 |
 Euro(EUR) | 53.2689 | 54.3343 |
 Pound Sterling(GBP) | 60.3757 | 61.5832 |
 UAE Dirham(AED) | 12.8708 | 13.1282 |
 Saudi Riyal(SAR) | 12.5787 | 12.8303 |
