Berhan International Bank, one of the private banks in Ethiopia, has registered a 350 million Birr net profit in the last fiscal year. The bank’s performance shows a 152 percent increase when compared to the 2014/2015 fiscal year, which saw a net profit of 138 million Birr.
Berhan International Bank’s President, Belachew Bogale, resigned from his position making him the fourth President from the banking industry to leave his place in one month time.
Berhan International Bank (BIB) got Abreham Alero as its new President after securing the approval of National Bank of Ethiopia (NBE).
Berhan Insurance S.C has reported a net annual profit of 2.18 million birr.
The Company has earned an underwriting surplus of 10.58 million birr, an increase of 301 percent when compared to a year earlier. It also earned 1.81 million Br in investment income – an increase of 308 percent.
As of the coming year, Berhanena Selam Printing Enterprise (BSPE) will be printing cheques as of the making year, making it the first of its kind in Ethiopia and twelfth from Africa. In addition to this, the enterprise will start printing passports as well as cheque personalization.
