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Dashen Bank gross profit grew by 8.3 percent

Dashen Bank HQPhoto : SM borkena December 5,2018 Dashen Bank has amassed over 1.14 billion birr gross profit in the past financial year which is an increase of 8.3 percent. The growth on the profit before tax has stood at 8.3 percent compared with a year ago. Despite political instability and shortage of hard currency […]

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Raya Brewery share sale brings significant profit to United Insurance

Source : Addis Fortune By Frehiwot Yohannes borkena December 3,2018 The share transfer of Raya Brewery has increased the earnings of The United Insurance Company (UNIC), by 95 percent. The significant profit growth is pushed by the capital gain from the share transfer of Raya Brewery which is fully controlled by BGI International. BGI owned […]

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Abay Bank’s sees record high profit of Birr 419 million, up by 68% from the previous year

ADDIS ABABA (Semonegna)–The Board of Directors of Abay Bank S.C. has reported, as per the IFRS reporting requirement, that the bank registered 419 million birr gross profit for the fiscal year (FY) ended on 30th June 2018, which represents a 68% growth over the previous year’s record of 249 million birr. During the year ended […]

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United Bank’s FY 2017/18 profit surged by 42.81%, amassing Birr 706.98 million profit before tax

United Bank SC conducted its 10th extraordinary and the 20th annual general meeting of shareholders at the Addis Ababa Hilton Hotel on October 25, 2018. ADDIS ABABA– United Bank S.C. delivered a commendable performance in terms of yielding good operational and financial results as well as in laying the foundation for greater growth opportunities in […]

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Debub Global Bank reaches paid up capital of ETB 500 million and registers a profit of ETB 67.7 million

Established in August 2012, Debub Global Bank the has grown from 138.9 million to 504million birr of paid up capital, from 15 to 35 branches across the country and has more than 8,210 and 70,000 shareholders and customers, respectively. ADDIS ABABA– Debub Global Bank (DGB) announced a profit of 67.7 million in the 2016/17 fiscal […]

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