Wegagen Bank of Ethiopia profit up 46 percent
During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia, has reported annual gross profit of close to 1.07 billion Birr – 46 percent up…
Commercial Bank of Ethiopia awards apartments, trucks to customers
Commercial Bank of Ethiopia awarded two apartments, three trucks, and 17 automobiles, 34 three wheels to its customers who participated in ‘save and get prize’ awards as well as those who received…
Hibret Bank of Ethiopia profits grows 15 percent
Compared with the previous financial year annual gross profit of Hibret Bank, one of the sixteen active private banks in Ethiopia, has increased by over 15 percent to 1.13 billion Birr during…
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, has increased by 381.2 million Birr for the budget year concluded June…
Dashen Bank profits about 1.8 billion Birr
Dashen Bank Share Company, one of the 16 private banks operating in Ethiopia, has reported annual gross profit of 1.79 billion Birr during the financial year concluded June 30, 2020.
Berhan Bank profit increases 22 percent
Compare with the previous budget year gross profit of Berhan Bank of Ethiopia has increased by 22 percent to 707.5 million Birr for the budget year concluded June 30, 2020.
Bunna Bank of Ethiopia profit declines 6 percent
Compared to the previous year, annual profit of Bunna International Bank of Ethiopia has declined by about 43 million Birr (about 6 percent).
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 percent from the previous year to 376 million Birr before tax.
Study advices Ethiopia not to rush to banking liberalization
As oppose to the push by the international financial institutions, a new study by the renowned professor of Economics at the Addis Ababa University, Alemayehu Geda advices Ethiopian government to not to…
Ethiopia collects $2.83 billion tax in four months
The Ministry of Revenue has collected a total of 107 billion Birr ($2.83 billion) during the first four years of the current budget year started July 8, 2020.
Bunna Bank rewards hard currency generating customers
By Sisay Woubeshet – Bunna International Bank, one of the 16 private banks in Ethiopia, today awarded customers who received remittance through its formal banking system.
Ethiopia set to introduce centralized bank borrowers database
With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a centralized database with credit information of all bank borrowers in the country.
World Bank to provide $400 million to Ethiopia
The World Bank today inked an agreement with the Ministry of Finance of Ethiopia to provide $400 million for the east African country for it urban programs.
World Bank approves $400 million grant to Ethiopia
The World Bank approved a grant of $400 million to support Ethiopia Urban Productive Safety Nets and Jobs Project of which $50 million is from the window for host communities and refugees…