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Amhara Bank S.C reported that for it’s 11 days of operation until June 30, 2022 (2022/2021 budget year), the bank grossed 237 million birr profit before tax. The bank opened 75 branches, hired 1,425 employees and collected 401 million birr. Shareholders agreed to raise the bank’s capital to 20 billion birr.
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Bunna Bank has reported that it has earned 1.19 billion birr gross profit for 2022/2021 budget year, crossing the 1 billion birr mark for the first time. The bank’s total deposit reached 27.2 billion birr at the end of June 2022 which showed in increase of 6.7 billion or 32.8%. Total outstanding loans and advances of the bank reached 25.85 billion birr which showed an increase of 41.3% amounting 7.6 billion.
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Awash Bank reported that it has earned 7.45 billion birr profit before tax for the 2022/2021 budget year up by 2.6 Billion compared to the previous year. In it’s annual shareholders’ meeting held at Hilton Hotel on Nov 26, 2022, the company’s shareholders decided to raise the bank’s capital to 55bln birr.
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Abay Bank has earned 1.3bln br profit before tax for the 2022/2021 budget year decreasing it’s earning per share (EPS) from 333.5 for the previous year to 295. The Bank’s shareholders endorsed raising the Bank’s capital to 12 billion Birr. The Bank’s paid-up capital at the end of the budget year reached 3.9bln birr.
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Hibret Bank s.c which conducted it’s 25th ordinary meeting on Nov 17, 2022 reported that it has has earned 1.88 billion birr profit before tax for the budget year that ended on June 30, 2022. The total and paid-up capital of the Bank have reached 7.25bln and 4.30 billion birr. Shareholders decided to raise the bank’s capital 20bln birr.
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Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind in the Ethiopian banking industry. This move is expected to help local businesses reach new markets and increase revenue while expanding Ethiopia’s access to the digital economy.
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Berhan Bank has registered a profit before tax of 583.4 million birr 2022/2021 fiscal year which is 72.8 percent above last year’s profit. The total capital and the paid up capital reached Birr 4.5 billion and Birr 3.2 billion, respectively exhibiting a growth of 19.1 percent and 8.7 percent compared to prior year’s position.
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Dashen Bank Posts 3.8bln Birr Gross Profit for 2022/2021 fiscal year. The Bank stated that the profit is 57 percent higher compared to the 2020/2021 fiscal year. The Bank further announced that it was able to collect 16.7 billion Birr additional deposits in the 2021/22 fiscal year.
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Goh Betoch Bank managed to earn 6.3 million birr profit in it’s first year of operation despite working only for a few months. The bank that has four branches including the one in Dire Dawa began providing loans in the fourth quarter of the financial year and disbursed over 300 million birr in this short period, while the deposit mobilization was about 260 million birr.
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Wegegan Bank is back on track as it registers a 1.4 billion birr gross profit in the just-ended fiscal year. A strong rebound in the performance of the 25-year old bank boosted the profit of the bank by a staggering 1.3 billion birr.
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 54.0679 | 55.1493 |
 Euro(EUR) | 59.3449 | 60.5318 |
 Pound Sterling(GBP) | 64.2131 | 65.4974 |
 UAE Dirham(AED) | 13.3234 | 13.5899 |
 Saudi Riyal(SAR) | 13.0456 | 13.3065 |
