Lion International Bank S.C. made a gross profit of 127.2 Million Birr from its last fiscal year operation. This was disclosed by the Board of Directors on Saturday, October 25, 2014.

Having 17 branches all over the country, Lion managed to expand its deposit base to 134,500. It also secured mobilized deposit of 2.7 Billion Birr, for which the average deposit is 19,900 Birr across the 17 branches.

61 percent of this deposit is regular saving while current account and limited time deposit account 29 percent and 10 percent respectively.

Lion’s asset is also showing a positive figure. It has soared to 3.6 Billion Birr, which is a 23 percent increase when compared to the 2012/2013 fiscal year. Its capital also reached 627.8 Million Birr, out of which 446.8 Million Birr is the Bank’s paid up capital. This figure, by Fortune, is 71 percent of the capital base.

For the current fiscal year, Lion’s management team plans to extend the company’s operation further. In addition to this, it plans to open five more branches in the capital city and two in other states.

Source: Fortune