Addis International Bank (AdIB) reveals a 7.81 million Br profit, after tax, in its first operational year, 2011/12. Buna International Bank (BIB) was the first of the private banks to declare a ...
More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks before transactions were halted. The bank's President Abie Sano told a ...
One of the youngest entrants into the banking industry, Addis International Bank, registered a net profit of 112.9 million Br, an 18pc increase from the previous reporting period. Despite the moderate ...
ADDIS ABABA, April 5 (Reuters) - The World Bank and Ethiopia have signed loan agreements totalling $1.72 billion to enhance electricity and water supply, as well as to facilitate the movement of food ...
ADDIS ABABA, March 27 (Reuters) - The state-owned Commercial Bank of Ethiopia has recovered more than three-quarters of the $14 million it lost when a software glitch earlier this month allowed ...
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