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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) | 39.9069 | 40.7050 |
 Euro(EUR) | 48.4829 | 49.4526 |
 Pound Sterling(GBP) | 53.7061 | 54.7802 |
 UAE Dirham(AED) | 983.1500 | 1,002.8130 |
 Saudi Riyal(SAR) | 962.9300 | 982.1886 |
