Ethiopian Banks Profit Latest News

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Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

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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Ethiopian Banks Half Year Performance Report

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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