[Aug 2022] Wegagen Bank Profit Latest Ethiopian News

Wegagan Bank Grosses 1.4bln birr profit for 2022/2021 budget year

Aug 3, 2022 | 0

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.

Most Profitable Ethiopian Banks for 2022/2021 F.Y (Estimates and actual figures)

Jul 7, 2022 | 10

A number of banks in Ethiopia have reported their gross profit before taxes and other deductibles for the 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We compiled this report and also estimated the profit of the remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.

Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year

Jul 7, 2021 | 1

All 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 2021 G.C (ሰኔ 2013). We have compiled the banks gross and net profit for the stated budget year below.

Wegagen Bank earns 1.1 bln birr gross profit for the 2020 / 2019 fy

Jul 29, 2020 | 0

Wegagen Bank has registered 1.1 billion birr profit for the 2020 / 2019 fiscal year. The bank which saw it’s profit decline by almost 300 million birr for the previous year has also managed to decrease it’s non performing loans from 4.5% to 2.8%.

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.

Wegagen Bank Earns 735ml br gross profit for 2019 / 2018 f.y, 315ml br less from previous year

Dec 22, 2019 | 0

Wegagen Bank, one of the few banks who have operated in Ethiopia for more than 20 years has reported that it has earned 735 million birr gross profit for the 2019 / 2018. This profit is 315 million birr less than last year’s result.

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.