Abay Bank Earns 1.5bln birr net profit for 2024/2023 f.y, Grows it’s customer base by 1mln
Abay Bank Earns 1.5bln birr net profit for 2024/2023 budget year. Paid-up capital increased to 6bln birr while total capital grew to 9.3bln birr.
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Ethiopian Banks Profit Latest News
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Most Profitable, Best Banks in Ethiopia for 2024/2023 Budget Year, Capital, Assets, Loans, Income and other Financial Indicators
Top Banks in Ethiopia Ranking for 2024/2023 G.C (2016 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 2024/2023 G.C (2016 E.C) fiscal year.
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Wegegan Bank Earns 1.2bln birr profit for 2023/2022 budget year, EPS jumps to 22.7%
Wegagen Bank’s total capital reached Birr 6.9 billion while the paid-up capital increased to Birr 4 billion at the end of the FY 2022/23. Profit after tax reached 823.8 million birr which is a major increment compared to previous year’s amount of 551.3 million. The Bank’s total assets amounted to Birr 53.5 billion.
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Bunna Bank Earns 1.3bln br Profit for 2023/2022 budget year, Paid-up capital reaches 4.2 bln
Bunna Bank grossed 1.36 billion birr profit before tax for 2023/2022 fiscal year. Profit after tax reached 949.2 million birr while Earning per share dropped from last year’s value of 301.4 to 236.4. Bunna Bank’s capital reached 6.5 billion birr out of which 4.28 billion birr is the paid up capital.
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Most Profitable, Best Banks in Ethiopia for 2023/2022 Budget Year, Capital, Assets, Loans, Income and other Financial Indicators
Top Banks in Ethiopia Ranking for 2023/2022 G.C (2015 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 2023/2022 G.C (2015 E.C) fiscal year.
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Hibret Bank Grosses 3.06 billion birr Profit for 2023/2022 F.Y, Almost doubles it’s EPS
In a year which marks the Bank’s 25 years of service, Hibret Bank s.c announced that it has earned 3.06 billion birr and 2.29 billion birr in gross and net profits for 2023/2022 fiscal year. The bank managed to almost double it’s earning per share from 26.47 to 50.72.
Read MoreDashen Bank earns 5 billion birr profit before tax for the 2023/2022 budget year
Dashen Bank earns 5 billion birr profit before tax for the 2023/2022 budget year registering 31.9% increase compared to the previous year.
The Bank’s total assets reached 144.6 billion birr registering a growth of 24.7% over last year’s position. Loans, and Advances, and IFB financing also witnessed a growth of 28.4% over last year’s same period and stood at Birr 100.2 billion.
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Amhara Bank holds first Shareholders’ Assembly, reports 237mln br gross profit for 2022/2021 budget year, Capital Raised to 20bln br
Amhara Bank S.C reported that for it’s 11 days of operation until June 30, 2022 (2022/2021 budget year), the bank grossed 237 million birr profit before tax. The bank opened 75 branches, hired 1,425 employees and collected 401 million birr. Shareholders agreed to raise the bank’s capital to 20 billion birr.
Read MoreBerhan Bank Grosses 583.4mln br for 2022/2021 Budget Year, Improves last year’s poor performance
Berhan Bank has improved last year’s poor performance by earning 583.4 million birr profit before tax at the end of June 2022. The bank’s net profit reached 478.5 million birr more than doubling last year’s amount of 194.9 million birr. The Bank’s total capital reached Birr 4.5 billion while the paid up capital reached Birr 3.2 billion.
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Addis International Bank Reports 472.8mln br Gross Profit for 2022/2021 Budget Year, EPS Grows to 282.4
Addis International Bank Reports 472.8mln br Gross Profit for 2022/2021 Budget Year, EPS Grows to 282.4. The bank’s total deposit reached 7.9 billion birr as of June 30, 2022 which was 19.3% higher compared to the previous year. Total assets of the bank reached 10.8 billion birr showing a growth of 1.9 billion birr or 21.3%.
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Bunna Bank Registers 1.19bln birr Profit before tax for 2022/2021 F.Y, Capital reaches 5.1bln birr
Bunna Bank has reported that it has earned 1.19 billion birr gross profit for 2022/2021 budget year, crossing the 1 billion birr mark for the first time. The bank’s total deposit reached 27.2 billion birr at the end of June 2022 which showed in increase of 6.7 billion or 32.8%. Total outstanding loans and advances of the bank reached 25.85 billion birr which showed an increase of 41.3% amounting 7.6 billion.
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Awash Bank Grosses 7.45bln birr Profit for 2022/2021 Budget Year, Raises Capital to 55bln Birr
Awash Bank reported that it has earned 7.45 billion birr profit before tax for the 2022/2021 budget year up by 2.6 Billion compared to the previous year. In it’s annual shareholders’ meeting held at Hilton Hotel on Nov 26, 2022, the company’s shareholders decided to raise the bank’s capital to 55bln birr.
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Best Banks in Ethiopia for 2022/2021 Budget Year
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.
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Abay Bank Grosses 1.3Bln Br Profit for 2022/2021 fiscal year, Raises capital to 12bln Br
Abay Bank has earned 1.3bln br profit before tax for the 2022/2021 budget year decreasing it’s earning per share (EPS) from 333.5 for the previous year to 295. The Bank’s shareholders endorsed raising the Bank’s capital to 12 billion Birr. The Bank’s paid-up capital at the end of the budget year reached 3.9bln birr.
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Hibret Bank Earns 1.88bln birr profit before tax for the 2022/2021 budget year, Raises Capital to 20bln Birr
Hibret Bank s.c which conducted it’s 25th ordinary meeting on Nov 17, 2022 reported that it has has earned 1.88 billion birr profit before tax for the budget year that ended on June 30, 2022. The total and paid-up capital of the Bank have reached 7.25bln and 4.30 billion birr. Shareholders decided to raise the bank’s capital 20bln birr.
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Berhan Bank registers 583.4 million birr profit before tax for 2022/2021 f.y
Berhan Bank has registered a profit before tax of 583.4 million birr 2022/2021 fiscal year which is 72.8 percent above last year’s profit. The total capital and the paid up capital reached Birr 4.5 billion and Birr 3.2 billion, respectively exhibiting a growth of 19.1 percent and 8.7 percent compared to prior year’s position.
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