Ads
Ahadu Bank, one of the 20+ banks under formation in Ethiopia has managed to perform it’s first formation assembly in Ghion Hotel on January 2, 2021. The bank managed to sell 760 million birr worth of shares and managed to collect 540 million birr in paid up capital out of 10,500 shareholders.
Read More
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.
Read More
A new bank, Damota Bank s.c under formation has started sharing sales. The bank has floated shares each worth 1,000 birr where anyone can purchase a 50 shares minimum worth 50,000 birr unto 100,000 shares worth 100,000,000.
Read More
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%.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
Abyssinia Bank has earned a net profit of 853.64 million birr for the 2020 / 2019 budget year. The Bank’s earning per share (EPS) [25 birr each] has slightly decreased from 7.23 to 7.20 birr. The bank managed to collect 47 billion birr in total deposit.
The bank showed impressive performance by increasing it’s total deposit from 32.15 million birr to 47.63 billion birr.
Read More
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.
Read More
| 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 |
