Centric Financial Corporation (“Centric” or “the Company”) (OTC: CFCX), the parent company of Centric Bank (“the Bank”), announced earnings and financial results for the first quarter 2021.
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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.
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The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state owned giant Commercial bank of Ethiopia during the budget year concluded June 30, 2020.
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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.
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