[May 2022] Ethiopian Banks Latest Ethiopian News

Annual Report for Financial Performance of Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year

Dec 26, 2021 | 0

Most private banks in Ethiopia have reported their annual financial report for the 2021/2020 G.C (2013 E.C) budget year. We have compiled key indicators from their annual financial reports and have also estimated data for remaining banks by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

Hibret Bank Grosses 1.44bln br for the 2021/2020 fiscal year

Nov 30, 2021 | 0

Hibret Bank has reported that it has earned a gross profit 1.44 billion birr before tax and after reserves. This profit amount is 27.45% higher compared to the previous year’s amount.

Dashen Bank Earns 2.4bln br Gross Profit for 2021 / 2020 fiscal year

Nov 20, 2021 | 0

Dashen Bank has amassed 10.3 billion birr revenue for the 2021 / 2020 fiscal year. The bank managed to collect 21.1 billion birr deposit and the bank’s total deposit has reached 74.6 billion birr which has shown an increase of 39.4 % compared to the previous year.

Commercial Bank of Ethiopia (CBE) Earns 20 billion birr Gross Profit for 2021 / 2020 f.y

Jul 8, 2021 | 0

Commercial Bank of Ethiopia (CBE) has reported that it has earned 20 billion gross profit for the 2021 / 2020 budget year. The bank reported that it has collected 140 billion birr in deposits for the budget year, making it’s total deposit reach 735 billion birr.

Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year

Jul 7, 2021 | 0

A number of private banks in Ethiopia have reported their unaudited gross profits for the 2021 / 2020 G.C (2013 E.C) budget year which ended on June 30, 2021 G.C (ሰኔ 2013). We have estimated the profit of the remaining banks by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

Awash Bank Earns 5.58 billion birr gross profit for the 2021 / 2020 fiscal year

Jul 6, 2021 | 0

Awash Bank has reported that it has earned 5.58 billion birr gross profit for the 2021 / 2020 fiscal year. The bank’s deposit reached 107.7 billion birr which is the highest deposit for a private bank in Ethiopia.

Abyssinia Bank Grosses 2.87 billion birr profit for 2021 / 2020 fiscal year

Jul 6, 2021 | 0

Abyssinia Bank has reported a that it has earned a 2.87 billion birr gross profit, which is a record high for the bank. The bank also managed to add 2.5 million new customers which is a very impressive figure for a private bank.

Cooperative Bank of Oromia Grosses 2.39 billion birr profit for 2021 / 2020 f.y

Jul 2, 2021 | 0

Cooperative Bank of Oromia has reported 2.39 billion birr gross profit for 2021 / 2020 fiscal year. The bank’s paid up capital has reached 4.6 billion which makes it one of the top capitalized banks in Ethiopia.

Ahadu Bank manages to perform it’s first formation assembly with 760 million birr subscribed capital

Jan 2, 2021 | 0

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.

Abay Bank Earns 501.2 million birr profit after tax (640 million before tax) for the 2020/2019 budget year

Jan 2, 2021 | 0

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.

Currency (Code)	Buying Rate	Selling Rate
US Dollar(USD)	51.4571	52.4862
Euro(EUR)	54.3181	55.4045
Pound Sterling(GBP)	60.7094	61.9236
UAE Dirham(AED)	12.6769	12.9304
Saudi Riyal(SAR)	12.4143	12.6626

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