Ethiopian Banks Latest News


Nib International Bank Earns 1.3bln br Gross Profit for 2020/2019 budget year

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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Abyssinia Bank Earns 1.08 billion birr gross, 853.64 million birr Net Profit for 2020 / 2019 budget year

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.

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Products and Services in Ethiopia

Date: Jan 13, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)39.307840.0940
Pound SterlingPound Sterling(GBP)53.376154.4436
UAE DirhamUAE Dirham(AED)10.700410.9144
Saudi RiyalSaudi Riyal(SAR)10.477110.6866
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