Addis International Bank – New Business Ethiopia

Addis Bank profit increases to 274 million Birr

January 26, 2021January 26, 2021newbusinessethiopianews

Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2 million Birr profit before tax for the budget year concluded June 30, 2020.

Ethiopia – Addis International Bank profit grows 39 percent

January 11, 2020January 11, 2020newbusinessethiopianews

Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2 million birr (about $6.5 million at the current exchange rate) during the year concluded June 30, 2019.

Ethiopia banks capital hikes 8%

January 10, 2019January 10, 2019

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at the prevailing exchange rate) at the end of last Ethiopian fiscal year ended June 2018.