At the Dashen Bank Shareholders’ 27th Annual meeting, the Bank announced its capital has increased from Birr 3.5 billion to 5.5 billion. The bank also earned 1.8-billion-birr profit before tax last year, and over 46-billion-birr loan was secured to various customers during the last budget year.
Dashen bank has secured more than 148,000 new interest-free accounts, enabling the deposit to reach more than 2.4 billion birr.
The number of card users has reached more than 1.1 million, an increase of 25.5% over the previous year. The total assets of the bank reached 68.3 billion birr, an increase of more than 21% compared to the previous year.
Dashen Bank has also increased its number of branches across the country to 423. The bank has replaced the outgoing Board members with new members during the meeting.
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