Enat Bank – New Business Ethiopia

Ethiopia – Enat Bank income increases by $7.3 million

January 6, 2020January 11, 2020newbusinessethiopianews

Compared to the previous financial year, the annual income of Enat Bank, one of the private banks in Ethiopia, has increased by 233 million birr ($7.3 million at the current exchange rate) during the year ended 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.

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.