Ethiopia's United Bank awarded a contract to the Lebanese-based Computer Business Machine (CBM), for the supply of 50 Automated Teller Machines (ATM), two weeks ago.
Both CBM and United have refused to disclose the price at which CBM is offering to supply the machines, due to a confidentiality agreement.
United Bank had had launched Visa card service two weeks ago, Addis Fortune reported.
United Bank registered net profit of 297.9 million for the 2011/12 financial year according to sources. The bank’s Earnings 
per Share stayed the same at 52.8 percent however due to the need to increase the bank’s paid up capital.
The bank’s paid up capital increased by 11 percent to 580.9 million birr it was explained that the 14th General Share holders Meeting held at the Addis Ababa Hilton Hotel.
The total capital of the bank including paid up capital, retained earnings, legal reserve and premium on shares added up to 1.1 billion birr showing an increase of 22.2 percent from the previous financial year.
United Bank S.C. reported 282 million birr profit after tax for the fiscal year that ended on June 30, 2013, Fortune reported.
The bank's profit is down by 5.3 percent compared to a year earlier. Its earnings per share has slipped to 47.7 birr from 53 birr.
United Bank, Ethiopia selected Eskender Woubetu & Partners Consulting Architects, as the winner of the competition to design a headquarter building.It is estimated that the future headquarter building will cost 800 million birr to complete.
The design competition launched five months ago was closed at an event held at the Hilton hotel. The two other finalists were Gereta Consult and K2N architects.
The bank invited architectural firms to present a design for a 30 storey building with additional four leveled basement for parking on a 3338 meter square plot of land it acquired in the Senga Tera area of Addis Ababa.
