Zemen Bank reports profit of 9 billion birr for the recently concluded 2024/2025 budget year (2017 Ethiopian year), highlighting a significant leap from the 3.3 billion birr registered in 2016.
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Awash Bank has announced that it has recorded a pre-tax profit of 22.6 billion birr in the 2024/2025 financial year. The bank was able to collect 2.1 billion dollars in foreign exchange during the fiscal year and 106 billion birr in deposits during the fiscal year, which is a 42 percent increase compared to the previous year. The CEO also indicated that the number of branches has reached 989.
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Abay Bank Earns 1.5bln birr net profit for 2024/2023 budget year. Paid-up capital increased to 6bln birr while total capital grew to 9.3bln birr.
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Top Banks in Ethiopia Ranking for 2024/2023 G.C (2016 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2024/2023 G.C (2016 E.C) fiscal year.
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Wegagen Bank’s total capital reached Birr 6.9 billion while the paid-up capital increased to Birr 4 billion at the end of the FY 2022/23. Profit after tax reached 823.8 million birr which is a major increment compared to previous year’s amount of 551.3 million. The Bank’s total assets amounted to Birr 53.5 billion.
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Bunna Bank grossed 1.36 billion birr profit before tax for 2023/2022 fiscal year. Profit after tax reached 949.2 million birr while Earning per share dropped from last year’s value of 301.4 to 236.4. Bunna Bank’s capital reached 6.5 billion birr out of which 4.28 billion birr is the paid up capital.
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Top Banks in Ethiopia Ranking for 2023/2022 G.C (2015 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2023/2022 G.C (2015 E.C) fiscal year.
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In a year which marks the Bank’s 25 years of service, Hibret Bank s.c announced that it has earned 3.06 billion birr and 2.29 billion birr in gross and net profits for 2023/2022 fiscal year. The bank managed to almost double it’s earning per share from 26.47 to 50.72.
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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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