Nib Bank profit increases by 381 million Birr
Compared with the previous year’s performance, gross profit of Nib International Bank, one of the 16 private banks in Ethiopia,
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profit
Debub Global Bank profit up 33 percent
Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33
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Ethiopia’s private banks profit exceeds state giant CBE
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state
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Ethiopia to sell 40 percent of Ethio Telecom
By retaining 60 percent, the Government of Ethiopia is set to sell 40% of Ethio Telecom ending the state’s monopoly
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Awash Bank of Ethiopia grows profit by $43.4 million
Compared to the previous budget year annual gross profit of Awash Bank for the year ended June 30, 2019, has
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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
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Wegagen Bank of Ethiopia profit drops by $10 million
The annual gross profit (before tax) of Wegagen Bank of Ethiopia for the budget year ended June 30, 2019 has
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Berhan Bank of Ethiopia profit up 41 percent
During budget year concluded June 30, 20219, Berhan Bank, one of the private banks in Ethiopia, has registered a gross
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Berhan Insurance of Ethiopia profit increases 24%
Gross profit (before tax) of Berhan Insurance, the sister company of Berhan Bank, has increased by 24% to 25.5 million
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Debub Global Bank of Ethiopia profit doubles
Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at
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Abyssinia Bank makes one billion birr profit
Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion
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Bunna Bank of Ethiopia profit up 46 percent
Gross profit of Bunna International Bank of Ethiopia grew to 625 million birr (over $20 million at the current exchange
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Ethiopian Airlines generates $4.2 billion revenue
Ethiopia Airlines Group generates total revenue of 114.6 billion birr (about $4.2 billion) during the Ethiopia fiscal year concluded July
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Ecobank shareholders conclude meeting in Lomé, Togo
Ecobank Transnational Incorporated, parent of Ecobank Group which provides financial services in 36 countries across Africa, concluded its 30th Annual General
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Nissan records growth in South Africa after best year 2000
Nissan, the Japanese manufacturer hit 10% market share in South Africa in fiscal year 2017, with passenger vehicle sales growing
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Banking business in Ethiopia booming
Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing
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