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Abay Bank profit before tax reached 640 million birr, decreasing by 43 million birr compared to the previous year. Profit after tax reached 501.2 comparatively staying the same compared to the previous year’s net profit of 501.5 million. Earning per share (EPS) has dramatically decreased from 343.6 birr for the previous year to 269.6 birr for the current year.
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Addis International Bank, one of the youngest banks in Ethiopia has reported that it has earned a net profit 213.1 million birr, showing an increase of 53.9 million birr or 34%. The Bank’s earning per share (EPS) increased from 20.7 from the previous year to 22.5%.
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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.
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Nib International Bank, one of the banks which has been working in Ethiopia for 20+ years has reported that it managed to earn 1.3 billion birr gross profit for 2020/2019 budget year.
In it’s 21st annual assembly held at Intercontinental Addis Hotel, the bank reported that it managed to increase it’s branches to more than 300 and it’s total number of employees has grown from 4,900 to 5,900.
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Berhan Bank reported that it has earned a gross profit of 707.5 million birr for the 2020/2019 budget year, making it’s net profit 553.1 million birr. The Bank’s earning per share (EPS) reached 258.8 birr.
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Bunna International Bank has reported that it has earned a profit before tax amounting 582 million birr, making the net profit 440.29 million birr. This is the first time the company’s profit declined in it’s 11 years of operation. The earning per share (EPS) of the bank decrease from 28.69 to 22.50.
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Hibret / United Bank has earned more than 1 billion birr in gross profit for the first time in it’s time operation. The bank managed to earn 1.12 billion birr gross profit and a net profit of 893.5 million birr for the 2020 / 2019 budget year.
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Awash Bank has managed to earn 4.2 billion birr in gross profit and 2.6 billion birr profit after tax and other deductions. This solidifies Awash Bank’s number 1 spot in terms of financial performance for 2020 / 2019 budget year amongst private banks in Ethiopia.
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The Commercial Bank of Ethiopia (CBE) registered a net profit of 14 billion birr, achieving only 64 percent of its plan for the fiscal year 2019/2020. In a lamentation letter addressed to the staff, the President of the Bank, Abie Sano, stated that he has never reported such a result in his career as a banker and he lacks words to describe it.
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Nib International Bank has managed to earn 1.4 billion birr before tax for the 2020 / 2019 fiscal year, showing an increase of 37% compared to the previous year. The bank also managed to increase it’s total deposit to 33.2 billion birr showing an increase of 21.5%.
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 39.3078 | 40.0940 |
 Euro(EUR) | 47.7668 | 48.7221 |
 Pound Sterling(GBP) | 53.3761 | 54.4436 |
 UAE Dirham(AED) | 10.7004 | 10.9144 |
 Saudi Riyal(SAR) | 10.4771 | 10.6866 |
