Nib International Bank Latest Ethiopian News

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Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year [Estimation]

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.

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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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Products and Services in Ethiopia

Date: Oct 15, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)46.709247.6434
EuroEuro(EUR)54.215455.2997
Pound SterlingPound Sterling(GBP)61.205762.4298
UAE DirhamUAE Dirham(AED)11.507311.7374
Saudi RiyalSaudi Riyal(SAR)11.269811.4952
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