Dashen Bank of Ethiopia assets up 25 percent
The total assets of Dashen Bank, one of the biggest private banks in Ethiopia, has grown up 24.7 percent the fiscal year concluded June 30,2023 reaching 144.6 billion Birr.
Former microfinance becomes largest private bank in Ethiopia
The former Amhara Credit and Savings Institution (ACSI) now Tsedey Bank is set to become the largest private bank in Ethiopia by joining the banking industry of Ethiopia next Saturday.
Bunna Bank of Ethiopia introduces new logo
Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo and color.
Ethiopia – Lion Bank profit drops by 309 million Birr
The annual profit after tax of Lion International (LIB) Bank of Ethiopia, which most of its branches based in Tigray region, for the year ended June 30, 2021 has declined by about…
Amhara Bank joins Ethiopia’s banking industry
With over 6 billion Birr paid-up capital Amhara Bank, the new entrant to the banking sector of Ethiopia, today held its inaugural meeting.
Awash Bank of Ethiopia profit increases by 900 million birr
Awash Bank Share Company of Ethiopia, one of the first private banks in Ethiopia after the current regime came to power in 1991, announced before tax profit of 4.2 billion birr ($113.5…
Ethiopian banks’ loan disbursement grows 24 percent
NEWS- The 18 commercial banks in Ethiopia have disbursed a total loan of 221 billion birr (about $6.44 billion at the current exchange rate) to their customers during the first ten months…
Ethiopia to provides $460 million to private banks
In an effort to rescue the economy from collapsing due to COVID-19 pandemic, the Government of Ethiopia orders the central bank to disburse 15 billion birr (close to $460 million dollar) to…
Ethiopia _ Cooperative Bank of Oromia profit up by $21 million
Compared to the previous year the net profit of Cooperative Bank of Oromia (CBO), one of the private banks in Ethiopia, has increased by 29.2 percent reaching 666.7 million birr (about $21…