annual profit – New Business Ethiopia

Oromia Bank nets 872 million Birr annual profit

December 29, 2021December 29, 2021BEHAK

Oromia International Bank, a private financial institution in Ethiopia which recently rebranded itself as, Oromia Bank, has announced close to 872 million Birr annual profit after tax for the year ended June 30, 2021.

Awash Bank of Ethiopia tops private banks in profit, deposit

December 21, 2021December 21, 2021BEHAK

During the budget year concluded June 30, 2021, Awash Bank of Ethiopia has become the top private financial institutions in the country out of those which reported their performances by announcing 4.8 billion Birr gross profit (up by 1.2 billion Birr from the previous year). Awash has also reported the largest amount of deposit in […]

Ethiopia – Lion Bank profit drops by 309 million Birr

December 19, 2021December 19, 2021BEHAK

The annual profit after tax of Lion International (LIB) Bank of Ethiopia, which most of its branches based in Tigray region, for the year ended June 30, 2021 has declined by about 308.7 million Birr from previous year.

Zemen Bank profit increases by 214 million Birr

December 15, 2021BEHAK

Zemen Bank, one of the private financial service providers in Ethiopia, said its profit after tax for the budget year concluded June 30, 2021 has increased by close to 114 million Birr compared to the previous year.

NIB bank of Ethiopia profit up 17 percent

December 14, 2021December 14, 2021BEHAK

Nib International Bank (NIB), one of the private banks in Ethiopia, reported close to 1.22 billion Birr annual profit after tax for the year concluded June 30, 2021, which is about 17 percent up from previous year.

Granite Construction gross profit up 166.1% year-over-year

May 7, 2021BEHAK

Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021 with its gross profit of $63.3 million – up 166.1% year-over-year.

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.

Zemen Bank profit surpasses one billion Birr

January 4, 2021January 4, 2021newbusinessethiopianews

Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16 private banks in Ethiopia, has surpassed one billion Birr for the financial year concluded June 30, 2020. The Bank’s gross profit has increased to 1.04 billion Birr growing by 388 million Birr (59 percent).

Wegagen Bank of Ethiopia profit up 46 percent

January 4, 2021January 4, 2021newbusinessethiopianews

During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia, has reported annual gross profit of close to 1.07 billion Birr – 46 percent up from the preceding budget year.