NBE Confers its Priorities with Bank Executives
ADDIS ABABA – The National Bank of Ethiopia (NBE) Governor Mamo Mihretu met with bank executives and board chairs to communicate the
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#Banking Sector
Commercial Bank of Ethiopia Nets 13 Billion Birr in Six-month…
The Commercial Bank of Ethiopia (CBE) has recorded close to 13 billion birr profit from its operations over the last six months, showing a 15.6% year-on-year growth.
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Gedaa Bank begins Operation
ADDIS ABABA – Gedaa bank S.C. has officially started providing financial services today, making it the 30th commercial bank operating in Ethiopia.
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Nib Bank Bags 1.76 Billion Birr Annual Profit
Nib International Bank (NIB), one of the mid-sized private banks in Ethiopia, has reported a 1.76 billion Birr in gross profits from its operations in the last 2021/22 financial year.
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Bunna Bank’s Annual Profit Exceeds A billion Birr Mark
Bunna Bank, one of the mid-sized private commercial banks in Ethiopia, secured 1.19 billion Birr in annual gross profit from its operations last financial year.
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Wegagen Bank to Raise Paid-up Capital to 20bln Birr
ADDIS ABABA – Wegagen Bank, one of the 30 private commercial banks in Ethiopia, has decided to increase its paid-up capital to
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DBE’s First Quarter Revenue Exceeds 2 Billion Birr
Development Bank of Ethiopia (DBE) has obtained 2.03 billion Birr in revenue from its operations in the first quarter of the current fiscal year, showing a 33% growth from the same period last year.
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Awash Bank to Raise Capital to One billion USD
ADDIS ABABA – Awash Bank flexes its financial muscle to prepare for eventual competition with foreign investors with a decision to raise
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Oromia Bank Earns 1.52 Billion Birr Gross Profit
ADDIS ABABA – Oromia Bank, one of the 30 commercial private banks in Ethiopia, has posted a gross profit of 1.52 billion
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Abyssinia Bank’s Gross Profit Hit 4.6 Billion Birr
ADDIS ABABA – The Bank of Abyssinia (BoA), one of the private financial institutions in Ethiopia, secured a 4.6 billion Birr in
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