On the 26th general assembly of shareholders, Awash Bank has announced it secured a gross profit of over Birr 5.5 billion in the 2020/21 fiscal year, signaling a 34% increase from last year.
This is the greatest amount ever registered by private commercial banks in Ethiopia. For numerous years, the bank has been the most successful among Ethiopia’s private banks.
The deposit in Awash Bank has climbed by 46%, to Birr 108.1 billion, including the LC margin. The bank’s assets have also expanded by 44% to Birr 128.7 billion.
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