United Bank S.C. disclosed it made a profit of 360 Million Birr durreached to 9.4 ing the 2013/2014 fiscal year, which actually is a 3.5 percent decline when compared to the year before it.

United earned 1.04 Billion Birr during the period and this shows an increment of 906 Million Birr when compared to the 2012/2013 fiscal year.

The Bank’s expense, on the other hand, reached 680.5 Million Birr which is an increase of 27.9 percent from the Bank’s performance in previous year.

Other areas that saw increase are the Bank’s total asset which reached 11.9 Billion Birr and its paid up capital which is now 898.3 Million Birr. The asset increment of the Bank is 18.9 percent while the paid up capital reached where it is now from 298.3 Million Birr.

From 1.3 Billion Birr, the deposits at United reached 9.4 Billion Birr in the last fiscal year.

Source: Fortune