Bank of Abyssinia – New Business Ethiopia

Abyssinia Bank makes one billion birr profit

December 9, 2019December 14, 2019newbusinessethiopianews

Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion birr (close to $32.8 million at the current exchange rate), for the financial 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.