Zemen Bank secured a profit of Birr 1.4 billion and its total asset is Birr 25.2 billion. Similarly, the Bank’s total liabilities climbed to Birr 20.66 billion from Birr 15.37 billion in the previous financial year.
The paid-up capital 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. In terms of loans, it also showed an annual growth of 44.3 percent or 4.3 billion birr compared to the previous year and 9.3 percent compared to the previous year.
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