Awash Bank announced significant financial achievements at its 29th Annual General Meeting held in Addis Ababa. The bank's total assets reached Birr 282 billion during the 2023/24 fiscal year, reflecting its continued growth and resilience.
Awash Bank has announced a record unadjusted profit before tax of Birr 22 billion for the fiscal year ending July 7, marking a 113 percent increase, equivalent to Birr 12 billion birr, compared to the previous year.
Awash International Bank (AIB) is going to launch its advanced CORE banking system in September 2014. The advanced system is said to introduce new services.
Awash International bank (AIB) disclosed, during the past budget year it managed to raise its deposit from 13.1 Billion Birr to 16.1 Billion Birr.
Ethiopia's Awash Bank and the U.S. Agency for International Development (USAID) entered a partnership deal to avail up to $6.4 million in financing for microfinance institutions and small-to-medium sized agri-businesses in Ethiopia.
