Tikur Fikir Episode 7 | Kana TV Drama

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Tikur Fikir Episode 7 | Kana TV Drama.

Abyssinia Bank has announced a net profit of 10.1 billion Birr for the completed fiscal year.

 

This represents a 91.4 percent growth compared to the previous financial year, the bank stated.

 

Abyssinia Bank made this announcement during its 29th Annual General Meeting of Shareholders.

 

The bank reported that its foreign exchange earnings for the completed fiscal year reached $663 million, indicating a 56.4 percent increase from the same period last year.

 

The total deposit mobilization also saw significant growth, rising from 192.5 billion Birr to 243.2 billion Birr. It was noted that savings accounts constitute 65.2 percent of the total collected deposits.

 

The bank's report stated that the total loan disbursement to customers, excluding interest-free loans, reached 193.4 billion Birr. This reflects an increase of 30.5 billion Birr compared to the loans and advances of the previous financial year.

 

We have learned that the foreign trade, industry, and domestic commerce sectors account for 64.2 percent of the bank's total loan portfolio.

 

According to the report, Abyssinia Bank's total expense for the 2024/25 fiscal year was recorded at 29 billion Birr, while its total assets reached 286.2 billion Birr.

 

We have also learned that the bank's total capital increased to 28.8 billion Birr by the end of the budget year. This represents a growth of 5.7 billion Birr, or 24.4 percent, compared to the same period last year.

 

Furthermore, it was announced that the bank's paid-up capital grew from the 14.2 billion Birr recorded in the same period last year to 15 billion Birr, showing an increase of 794 million Birr, or 5.6 percent.

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Tikur Fikir
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Tikur Fikir Episode 7 | Kana TV Drama, ጥቁር ፍቅር 7
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