Skip to main content

Berhan nearly doubles its paid-up capital

Berhan International Bank SC, recorded a marked increase in its profit during the 2016/17 report period, despite a modest decline in its shareholders return owing to the significant improvement the Bank has made in it’s paid up capital position, which was increased by 91 percent to reach 1.39 billion birr.   

Wegagen defies industry trend in EPS

Wegagen Bank SC has managed to reverse the decreasing trend in shareholders’ return, which has been taking a nose dive over the past three successive reporting years, both in the bank and the industry.

Enat robust amid resignation of its chairwoman

While bidding farewell to its founder and chairman of the board of directors, Meaza Ashenafi, Enat Bank has garnered a net profit of 99.7 million birr, which is up from its previous year’s profit by 20 million birr.

A relatively newcomer on the bloc, Enat Bank had the only and first female board chairperson in the country’s financial sector.

Abyssinia boast sold performance

Bank of Abyssinia SC (BoA) last week reported a remarkable performance for the ended budget year. The bank, which is among the seasoned private financial institutions in the country, amassed a net profit after tax amounting to 534 million birr, a 42.6 percent from the preceding year.

OIB enjoys rebound in profits

Rebounding from a slump in annual profits over the last couple of years, the Oromia International Bank ended the 2016-17 budget year with a 16.8 percent rise in net profits, to 217.6 million birr.

Lion’s profit marginally up, shareholder return down

Lion International Bank S.C (LIB) ended the 2016/17 fiscal year with a three percent net profit increase to 268.4 million birr. The rate of profit growth this fiscal year is much lower than the preceding year’s when the bank registered an increase of 110 percent.