ATIDI’s profits jumps to $69 million
African Trade and Investment Development Insurance (ATIDI) recorded a remarkable performance for the financial year ended December 2023,…
profit
Bunna Bank makes 1.35 billion Birr profit
Bunna Bank Schare Company today announced making 1.35 billion Birr profit before tax during the budget year concluded…
ATIDI maintains profitable growth despite global headwinds
Pan- African Insurer, African Trade and Investment Development Insurance (ATIDI) – formerly known as the African Trade and…
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…
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…
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…
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…
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,…
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…
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,…
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…
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…
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…
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,…
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…
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…
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…
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…
Banking business in Ethiopia booming
Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while…