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.
Awash Insurance Company (AIC) disclosed it has made a net profit of 91 million Birr during 2015/2016 fiscal year. The profit made by AIC, which is among the biggest insurers in Ethiopia, shows a 41 percent increase in net profits when compared to the 2014/2015 fiscal year.
