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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 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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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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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 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. 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 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 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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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 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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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 54.0679 | 55.1493 |
 Euro(EUR) | 59.3449 | 60.5318 |
 Pound Sterling(GBP) | 64.2131 | 65.4974 |
 UAE Dirham(AED) | 13.3234 | 13.5899 |
 Saudi Riyal(SAR) | 13.0456 | 13.3065 |
