Zemen Bank Latest Ethiopian News

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Annual Report for Financial Performance of Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year

Most private banks in Ethiopia have reported their annual financial report for the 2021/2020 G.C (2013 E.C) budget year. We have compiled key indicators from their annual financial reports and have also estimated data for 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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Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year

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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Zemen Insurance, in the last stages of joining the insurance industry

The 18th insurance firm, Zemen, is in the last stage of joining the insurance industry, only waiting for final approval from the National Bank of Ethiopia.

Zemen has finalised the formation process by 926 shareholders, who raised 81.5 million Br in paid-up capital from the subscribed capital of 114.6 million Br.

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Products and Services in Ethiopia

Date: May 12, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)51.457152.4862
EuroEuro(EUR)54.318155.4045
Pound SterlingPound Sterling(GBP)60.709461.9236
UAE DirhamUAE Dirham(AED)12.676912.9304
Saudi RiyalSaudi Riyal(SAR)12.414312.6626
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