Tag: Banking

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Ethiopia opens door for foreign mortgage banks

The Government of Ethiopia expressed its willingness to open its banking sector for foreign banks eng

Addis Bank profit increases to 274 million Birr

Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a tot

Zemen Bank profit surpasses one billion Birr

Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16

Wegagen Bank of Ethiopia profit up 46 percent

During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia

Nib Bank profit increases by 381 million Birr

Compared with the previous year’s performance, gross profit of Nib International Bank, one of the 1

Dashen Bank profits about 1.8 billion Birr

Dashen Bank Share Company, one of the 16 private banks operating in Ethiopia, has reported annual gro

Bunna Bank of Ethiopia profit declines 6 percent

Compared to the previous year, annual profit of Bunna International Bank of Ethiopia has declined by

Ethiopia allows local banks to borrow from foreign banks

The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a

New bank set to enter Ethiopia market

Goh Betoch Bank, a new financial institution that aims to reintroduce mortgage banking (loan for hous