equity – New Business Ethiopia

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.

Wegagen Bank of Ethiopia profit drops by $10 million

December 29, 2019January 11, 2020newbusinessethiopianews

The annual gross profit (before tax) of Wegagen Bank of Ethiopia for the budget year ended June 30, 2019 has dropped to around 735.14 million birr (about $23.2 million) compared to 1.05 billion birr the previous budget year.