ZamZam Bank, Ethiopia's premier fully interest-free banking institution, has entered into a strategic partnership with Santim Pay. The agreement, signed today by officials from both organizations, aims to provide seamless and accessible payment solutions to customers across various sectors.
ZamZam Bank announced a pre-tax profit of Birr 148 million for the 2023/24 fiscal year. The bank’s total income for the year exceeded Birr 850 million.
Zemedeneh Negatu, the managing partner of EY Ethiopia, ended his collaboration with the international consultancy office. It was after working for 15 years that the 2 ended the collaboration.
Zemen Bank, one of the notable private banks in Ethiopia, disclosed it has registered a net profit of 203 million Birr in the past fiscal year. The performance is 33 percent higher than the bank’s achievements in 2014/2015.
Zemen Bank has announced that it successfully mobilized over USD 500 million in foreign currency during the last fiscal year. This accomplishment marks a significant milestone for the bank, which has been serving the Ethiopian market for 16 years.
