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A number of banks in Ethiopia have reported their gross profit before taxes and other deductibles for the 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We compiled this report and also estimated the profit of the remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.
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Annual Financial Performance Report of private Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year. The report includes key figures such as Assets, Total Capital, Paid-up Capital, Total Loans & Advances, Total Deposit, Total Revenue / Income, Expense, Profit before and after Tax, Earning per Share (EPS) and Number of employees, branches and account holders.
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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.
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All 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 2021 G.C (ሰኔ 2013). We have compiled the banks gross and net profit for the stated budget year below.
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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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The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget year.
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While it has been a few months since the last budget year closed (July 08, 2018 – July 07, 2019 / ሐምሌ 1፡2010 – ሰኔ 30፡2011), not all banks have disclosed their financial statements. The following is Ethiopian banks’ profit before and after tax for the 2019 / 2018 fiscal year.
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United Bank has declared a 50pc growth in its net profit, registering 573.6 million Br last...
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United Bank S.C. reported a 12.5 percent increase in its after-tax profits to 339 million birr as...
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 52.2398 | 53.2846 |
 Euro(EUR) | 53.2689 | 54.3343 |
 Pound Sterling(GBP) | 60.3757 | 61.5832 |
 UAE Dirham(AED) | 12.8708 | 13.1282 |
 Saudi Riyal(SAR) | 12.5787 | 12.8303 |
