2merkato

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 Bank signed a deal with Chinese Xiang Su International for the construction of 32-storey building headquarters adjacent to Ras Abebe Aregay Street, in front of Addis Ababa University College of Commerce on May 14, 2015.

United Bank S.C. finished upgrading its internet banking service to Hiber Online, which is said to be a world class online banking system.

United Insurance Company (UNIC), one of the private insurers in Ethiopia, has reported a net profit of 60.81 million Birr in the past fiscal year. The performance shows a 1 percent increase when compared to the insurance company’s 2014/2015 year performance.

United Insurance Company S.C. secured 62.7 Million Birr net profit in the last fiscal year. This figure is slightly higher than what the company managed to earn in the 2012/2013 fiscal year, 60 Million Birr.