Debub Global Bank – New Business Ethiopia

Debub Global Bank profit up 33 percent

December 19, 2020newbusinessethiopianews

Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33 percent from the previous year to 376 million Birr before tax.

Debub Global Bank of Ethiopia profit doubles

December 14, 2019January 11, 2020newbusinessethiopianews

Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at the current exchange rate), which is double compared to the previous year (2017/18) gross profit.

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.

Banking business in Ethiopia booming

January 8, 2010August 30, 2018NBE

Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing ones continue announcing profit increment every year.