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Published Sep 22, 2022

Comedian Eshetu Believes Parents Should Be Very Careful About What They Speak, Hear And Do IN Front Of Their children. Because That's How Children Learn About The world.

Addis Credit and Savings Institute has announced that it has earned 709 million Birr unadjusted profit, which is the highest in its history

In the 2014 fiscal year, the institute announced that it earned 1.2 billion birr, and that it made an unadjusted profit of 709 million birr. Its profit for the fiscal year was recorded as the highest in 22 years.

The institution announced that it has collected more than 9.2 billion birr in deposits in the last financial year. This collection of funds is 230 percent more than the plan and 28 percent more than the same period last year.

At the end of the fiscal year, the total assets of the institution reached more than 9.2 billion birr, Managing Director of Addis Credit and Savings Institution, Ato Damtyu Alemayehu, told Bisrat Radio. They added that the capital amount has reached 4.9 billion birr.

It was said that he has pleaded with the National Bank to meet the requirements to upgrade the institution to a bank, and he suggested that he has sold shares. Out of the 3.39 billion birr to be collected in the fiscal year, the loan amount has been collected 3.23 billion birr.

In the same year, the institution provided loans totaling 3.72 billion birr to more than forty one thousand members of the society.

Be patient