According to its website, the bank has 400 branches and more than two million customers. Financial performance evaluation a case study of awash international bank aib. Apply now bunna bank atm, debit or prepaid card are faster, safer and more convenient than cash readmore feature deposit credit transaction alert. Headquartered in addis ababa, the bank is the biggest private bank in ethiopia.
Lion international bank has reported that it has earned 695. The banks annual report, which was approved by its board of directors in bahir dar last week, indicates, it has surpassed its target of approving 7. Annual report for the year 20112012 gramalaya was facilitating the formation of district level sanitation committee involving members from various government departments, university, with the commissioner of city corporation as advisory head of the committee. Annual report year ended 30 june 2010 awash international bank. We are exceptionally proud of the distinguished status of capital bank in the banking sector, which has. Awash international bank of ethiopia reports 18% rise in profit.
The international bank for reconstruction and development ibrd and the international development association ida are two of the five institutions of the world bank group wbg. Aic is one of the first few pioneer private insurance companies in ethiopia launched following the liberalization of the financial sector in 1994. Co and national bank of ethiopia, which constitutes annual report of the year. Nib international bank nib was established on 26 may 1999 under license no.
On the other hand, secondary data is also gathered from awash international bank s. The result reflects continued progress in the nordic economies, a high level of customer activity throughout the year and our business initiatives aimed at. Dec 17, 2019 pdf cooperative bank of oromia annual report 201220 8657 downloads popular. Directors are glad to report that with the present proposal being placed to the shareholders for approval of issuing 10% bonus shares, the bank s paid up capital will cross rs. Ethiopian based progressive and modern banking institution, endowed with a strong financial structure and strong management, as well as a large and everincreasing customers and correspondent base. Bank accounts worldwide incorporation services specializes in opening offshore bank accounts and company formation services. I am very pleased with the strong performance records that our bank achieved in key performance areas during the captioned reporting year and.
Loan conditions of commercial banks and micro finance institutions addis ababa, ethiopia january 2004 published by. Prior to this proclamation, the bank used to carry out dual activities, i. C for the fiscal year ended june 30, 2016 to esteemed shareholders, customers and all stakeholders of the bank. The bank has passed another eventful year filled with various hurdles, but we were able to demonstrate improved performance due to our dedication, firm commitment, and setting the right set of strategies. Mobile banking readmore pay your bill at no extra cost. To be the most preferred bank of the people 2 who have always understood the need for a strong capital base for building the image of their bank and its uninterrupted growth and expansion and continuously strengthened the capital of their bank. Annual report 2015 16 annual report 2015 16 berhan international bank berhan international bank 9 message from the president on behalf of the management and myself, i am pleased to present to you the 7th year annual performance report of berhan international bank, which has indeed witnessed the ever shining of our bank in the industry. About awash international bank awash international bank s. Oib held 20192020 semiannual management performance appraisal meeting read more. Nib acquires the funds for lending by borrowing on international capital markets. Some private banks have stated out that their half year performance has improved compared to last years half year performance. These included the firsttime adoption of the international financial reporting standards ifrs, the upgrading of the core.
Lbb00799 in accordance with the commercial code of ethiopia and the proclamation for licensing and supervision of banking business proclamation no. To be the most preferred bank of the people as we look ahead, the 201011 financial year is likely to present both opportunities and challenges to aib. Pdf financial performance evaluation a case study of. Tsehay shiferaw, president of aib, told journalists at a press conference held on friday august 2 at the addis ababa hilton hotel, that the banks profit has grown by 180. Show more resource details name annual report 201617 date 04. The year 2018 was a successful one for the bank, and nib continued its. The registered profit may make aib the leading profitable private financial institution in ethiopia, according to the reports of capital. Annual ifrs financial statements for the year ended 30 june 2018 notes to the financial statements independent auditors report to the shareholders of awash insurance company s. Rbc gam this annual management report of fund performance mrfp contains financial highlights but does not contain the complete annual financial statements of the fund. Awash bank was established by 486 founding shareholders with a paidup capital of birr 24. Bank of visionaries annual reports bunna bank daber bldg. Awash international bank is one of the biggest and the first private commercial bank in ethiopia banking history. The projected 10 percent annual domestic economic growth, the governments commitment. Nib international bank announced a gross profit of 928 million birr, which is.
It has witnessed the banks 20th anniversary marked by remarkable financial results and construction of a new modern highrise monumental headquarters building. The bank s lending and international activities contributed the lion share for the overall performance of the bank. As of end of june 2018 the number of shareholders and its paidup capital increased to over 3,700 and birr 2. Bank account open offshore bank account, offshore business. To be the most preferred bank of the people 2 who have always understood the need for a strong capital base for building the image of their bank and its uninterrupted growth and expansion and continuously strengthened the capital of. Nonperforming loan of awash international bank for five sequential years in thousends of birr.
Oib provided over half a million exercise book for finfinne city. Lion international bank acquires 8storey building between berhane adere and mafi city malls for 470ml birr. I feel great honor to present to you the 8th annual performance report of berhan international bank for the year ended june 30, 2017 on behalf of the. Loan conditions of commercial banks and micro finance. Financial performance evaluation a case study of awash international bank aib a research project submitted to the department of accounting and finance, college of business and economics, mekelle university, for the partial fulfillment of the degree of master of science in finance and investment by abdi dufera reg. The fiscal year 201617 has been a special year of success for wegagen bank. Ethiopias privately owned awash international bank has reported a 639 million ethiopian birr unaudited gross profit in the 2012 fiscal year. Founded on a solid base and uniquely on a crosssectional composition, aic is progressing in renewing its commitment to excellence. Danske bank annual report 2017 07 executive summary we delivered a strong financial result for 2017, says thomas f. Aided by strong growth in the banks international banking operations, pretax profits rose to birr 356. Overall, the bank is committed to continuously upgrade the current traditional banking services outlets to highly sophisticated digital banking services channels. As per the companys annual financial report, the net profit has now reached 539 million birr.
Bunna investment bank wherever, whenever from the convenience of your phone. It was established by 486 founder shareholders with a paidup capital of birr 24. Zequala complex, jomo kenyatta avenue, addis ababa, ethiopia. Dashen bank coined its name from the highest peak in the country, mount dashen, and aspires to be bestinclass bank in africa. Pdf financial performance evaluation a case study of awash. I have the privilege of presenting the balance sheet as at 31st ashadh 2070 15th july, 20.
Annual management report of fund performance fixedincome fund rbc short term income class march 31, 2016 portfolio manager rbc global asset management inc. The banks lending and international activities contributed the lion share for the overall performance of the bank. Our focus on customers, as well as our diversified business model and strong risk discipline, has. It has witnessed the bank s 20th anniversary marked by remarkable financial results and construction of a new modern highrise monumental headquarters building. Oro card enjoy fast and convenient card banking services with oromia international bank atms 247. Aib is the pioneer private commercial bank in ethiopia after the downfall of the military regime and introduction of market economic policy in 1991. Zemen banks board of directors is pleased to present the 201617 annual report to its esteemed shareholders, clients, and partners. Awash international bank of ethiopia reports 18% rise in.
The group will apply ifrs 9 retrospectively without restating comparative figures. International agency, for determining the share swap ratio. Each institution publishes its own annual report, all of which are available online. Pdf credit risk management practices in banking sector. Aug 12, 2019 awash international bank would like to invite qualified candidates for the following position. Dashen bank 19th annual report 20142015 7 in an endeavor to complete the head office building, the bank has signed construction contract for. The positive macroeconomic developments in the nordic economies and our ongoing efforts to become a more customerdriven, simple and efficient bank helped us deliver a set of strong financial. Annual report 201617 8 i feel great honor to present to you the 8th annual performance report of berhan international bank for the year ended june 30, 2017 on behalf of the board of directors and myself. In addition, international markets offer excellent growth opportunities.
Annual report 204516 on behalf of the board of directors and on my own behalf, i am honored to present the annual report of wegagen bank s. C opinion we have audited the financial statements of awash insurance s. Gramalaya constructed 833 individual toilets through awash committees motivation. Out of the 16 private banks, awash bank leads the pack with 2 billion birr gross profit for the 2020 2019 half year.
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