Dashen Bank, a leading private bank in Ethiopia, has announced impressive financial results for the last fiscal year. The bank reported a total income of Birr 18 billion and a profit before tax of Birr 5 billion. The bank's profit before tax for the current year exceeded the previous year's by 31.9%
Dashen Bank, one of Ethiopia's largest banks, has received a USD 40 million loan from the British International Investment (BII) and the Dutch Entrepreneurial Development Bank (FMO). The loan will help Dashen Bank strengthen its export lending capabilities and support agricultural product exporters by facilitating the purchase of new machinery.
Dashen Bank achieved a profit of Birr 6.4 billion in the past fiscal year, as reported during the 31st regular and 26th Iemergency meeting of shareholders held on October 15, 2024, at the Millennium Hall.
Dashe Bank S.C. is going to launch an agent banking service by the end of the 2014 making it the first bank in Ethiopia to render the service.
In addition to VISA, MasterCard and UnionPay, the Ethiopian Bank, Dashen Bank, will be accepting American Express Cards starting from Saturday, July 26, 2014. Nonetheless, the service will at first be accessible only for those who have acquired the card from foreign banks.
