Dashen Bank, Ethiopia registered 893 million birr before tax netting 652 million birr in the last financial year. The earnings per 
share for the fiscal period was 926 birr.
The profit registered by Dashen is notably one of the highest to be recorded by a private bank. The bank surpassed the 450.7 million birr it earned in the previous fiscal year by 42% translating in to a 200 million birr increase in profit.
Per share earnings also showed an increase of 23% as compared to the 753 birr in earnings last year.
The total income of Dashen showed an increase of 34.6% to reach 1.7 billion birr from 1.3 billion birr in the previous year. Interest based income also increased from 592 million birr to 876.6 million birr taking the largest share of the bank’s profit. The second most significant contribution to the total earnings came from the opening and processing of LC’s.The bank’s earnings in foreign exchange however showed a decrease from 388.9 million birr last year to 265.3 million birr.
The bank’s paid up capital has reached 704 million birr and the primary capital of the bank has increased to 1.3 billion birr noted the annual report. The aggregate deposits of the bank at the end of the fiscal year totaled 14.1 billion birr showing a total of an 18.8 percent increase for the total registered last year.
Source: Capital
