Abyssinia Bank, one of the private banks in Ethiopia announced it has made 373.97 million Birr gross profit in the 2015 budget year, Ethiopian Herald reported.

Meseret Taye, Chairperson of Abyssinia Bank Board of Directors, at the opening of the Bank’s 19th Regular General Assembly on November 17, 2015, said this year’s gross profit exceeds the past year by 6.4 percent.

The net profit also increased to 215.43 million Birr exceeding the past year by 12 million Birr.

He also noted that by the end of the previous fiscal year, the Bank’s total capital has rose to 1.8 billion Birr surpassing the year before by 18.4 percent.

The Bank’s paid up capital has also increased to 1.12 billion Birr. Its total asset by the end of the past budget year has increased to 13.67 billion Birr.

Abyssinia Bank currently has 3,290 workers, he indicated.

Source: Ethiopian Herald