Ethiopia – Addis International Bank profit grows 39 percent

Ethiopia - Addis International Bank profit grows 39 percent

Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2 million birr (about $6.5 million at the current exchange rate) during the year concluded June 30, 2019.

Ethiopia- Dashen Bank makes $40 million profit

Ethiopia- Dashen Bank makes $40 million profit

Compared to the preceding budget year, the gross profit (before tax) of Dashen Bank, one of the biggest private banks in Ethiopia, has increased by 12 percent to about 1.28 billion birr (about $40.2 million at the current exchange rate) during the budget year ended June 30, 2019.

Ethiopia – Lion Bank profit surges 45 percent

Ethiopia - Lion Bank profit surges 45 percent

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).

Ethiopia – Oromia International Bank earnings per share drops 29%

Ethiopia - Oromia International Bank earnings per share drops 29%

Compared to the proceeding budget year, Earnings per share of Oromia International Bank (OIB), one of the private banks in Ethiopia, has dropped by 29 percent to 374 birr (about $ 11.8 at the currency exchange rate) for par value of 1,000 birr (about $31.5) during the budget year concluded […]