Zemen Bank’s annual profit has reached 1.4 billion birr before the various deductions and its total assets reached 25.2 billion birr, according to Zemen Bank Board of Directors Chairman, Ato. Ermias Eshetu.
The paid-up capital of the bank has increased from 1.8 billion birr to 2.749 billion birr by the end of the fiscal year.
In terms of deposits, the Bank has increased by 31.9 percent compared to the previous year and collected an additional 4.6 billion birr in deposits.
DISCLAIMER
The opinions expresses here in the post "Zemen Bank earned over 1.2 billion birr before tax" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.
