Return on equity – New Business Ethiopia

Ethiopia – Lion Bank profit surges 45 percent

January 4, 2020January 4, 2020newbusinessethiopianews

Compared to the preceding budget year performance, annual gross profit (before tax) of Lion International Bank (LIB), one of the local private banks in Ethiopia, for the budget year ended June 30, 2019 surges 45 percent to 695.5 million birr (about $21.9 million at the current exchange rate).

Debub Global Bank of Ethiopia profit doubles

December 14, 2019January 11, 2020newbusinessethiopianews

Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at the current exchange rate), which is double compared to the previous year (2017/18) gross profit.