Public Financial Enterprises Agency said banks owned by the Ethiopian government had secured USD 6.23 billion from sales and hawala in the last Ethiopian budget year.

This figure showed eight percent increase when it compared to the preceding year, USD 5.78 billion.

Dr. Sintayehu Woldemichael Agency’s Director-General said Ethiopian Insurance Company is included in the list and it has earned 14.19 billion Birr in the last fiscal year.

The total assets of all the enterprises is now 357.85 billion Birr, it was learnt.

The Agency administers Commercial Bank of Ethiopia, Development Bank of Ethiopia, Construction and Business Bank and Ethiopian Insurance Corporation.

Source: Ethiopian News Agency