Trusted Insights & Expert Communications
The three state enterprises in Ethiopia engaged in providing financial services have made 10.7 billion birr (about $332.1 million at the current exchange rate) profit before tax during the first six months…
Commercial Bank of Ethiopia (CBE), the giant state owned financial institution, says in six months’ time it has received $1.7 billion remittance from Ethiopians living abroad who send money to their relatives.
The Ministry of Revenue of Ethiopia announces collecting 18.1 billion birr (about $567 million at the current exchange rate) in December 2019.
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…
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…
As compared to the previous year, the annual profit before tax of Zemen bank, one of the financial institutions in Ethiopia, has soured by 87 percent to 635 million birr (about $20…
During the budget year concluded June 30, 2029, the annual profit before tax of Abay Bank Share Company, one of the private financial institutions in Ethiopia, has grown 63 percent compared to…
Compared to the previous financial year, the annual income of Enat Bank, one of the private banks in Ethiopia, has increased by 233 million birr ($7.3 million at the current exchange rate)…
During the budget year concluded June 30, 2019, Oromia Insurance Company (OIC) has registered a gross profit (before tax) of close to 92.4 million birr (around $2.9 million at the current exchange),…
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,…
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…
Compared to the previous budget year annual gross profit of Awash Bank for the year ended June 30, 2019, has grown up by about 1.381 billion birr (about $43.4 million at the…
Compared to the previous year the net profit of Cooperative Bank of Oromia (CBO), one of the private banks in Ethiopia, has increased by 29.2 percent reaching 666.7 million birr (about $21…
The annual gross profit (before tax) of Wegagen Bank of Ethiopia for the budget year ended June 30, 2019 has dropped to around 735.14 million birr (about $23.2 million) compared to 1.05…