[Sep 2021] Nib International Bank Latest Ethiopian News

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

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.

Nib International Bank Earns 1.3bln br Gross Profit for 2020/2019 budget year

Dec 26, 2020 | 0

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.

Ethiopian Financial Sector – Head Office Buildings of Banks in Ethiopia around Mexico Square, Addis Ababa

Aug 12, 2020 | 0

The following photo shows the rising skyline of Addis Ababa, near mexico square which has been dubbed the future financial sector of Ethiopia. Most private banks and the state owned commercial bank of Ethiopia are constructing head office buildings ranging from 20 to 50 floors.

Nib International Bank Profits 1.4 bln birr before tax for 2020 / 2019

Jul 30, 2020 | 0

Nib International Bank has managed to earn 1.4 billion birr before tax for the 2020 / 2019 fiscal year, showing an increase of 37% compared to the previous year. The bank also managed to increase it’s total deposit to 33.2 billion birr showing an increase of 21.5%.

Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

Jul 20, 2020 | 0

The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget year.

Nib International Banks earns 928 million birr gross profit for 2019 / 2018 f.y

Dec 13, 2019 | 0

Nib International Bank announced a gross profit of 928 million birr, which is 269 million birr higher compared to the previous year. The company’s net profit reached 720.7 million bir. The total revenue of the bank reached to 2 billion birr, up from the previous year’s 1.5 billion birr.

Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year

Jul 15, 2019 | 0

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.