Interview with Mintamir about EthioTelecom CEO

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Interview with Mintamir about EthioTelecom CEO.

I won 20.6 billion Birr!

 

- He asked the government not to take the profit

 

    #Reporter, by Yohannes Anberber

 

#Ethiopia The Commercial Bank of Ethiopia made an unadjusted profit of 20.6 billion birr in its 2015 financial year. The total income of the bank in the fiscal year is 119.2 billion birr, and the total expenditure is 98.6 billion birr, according to the data obtained. Accordingly, the total annual profit of the bank is 20.6 billion birr.

 

The bank's total profit for the financial year was lower than the plan and compared to the same period of the previous year. The bank in 2014 The net profit for the fiscal year was 27.5 billion birr. It has decreased by seven billion birr or 25 percent compared to the unadjusted profit of 20.6 billion birr for the financial year.

 

The reporter asked the public relations officer of the bank to find out the reason for the decrease in profit and more information, but they refused to provide information.

 

However, it can be understood from the bank's data that the increase in the total cost of the bank may be one of the reasons for the decrease in profit. In the last fiscal year, the total cost of the bank was 98.6 billion birr, which was a three percent increase from the same period last year. As much as the bank's expenses have increased, its income has not increased. The bank's total income of 119.2 billion birr in the fiscal year was eight percent less than the plan, and this income is only 1.5 percent higher than the same period last year.

 

Commercial Bank of Ethiopia in 2015 In the financial year, the bank's total assets reached 1.3 trillion birr. This allowed it to hold a share of 51.7 percent of the total wealth of the country's banking industry.

 

The Commercial Bank of Ethiopia planned to collect 205 billion birr new deposits in the financial year, and managed to collect 163.2 billion birr. As a result, the bank's total deposit account increased to 1.1 trillion birr at the end of the fiscal year, which is an increase of 18.3 percent compared to the same period last year.

 

The bank reached 1.1 trillion birr in total deposits in the last financial year, allowing it to hold a 51.3 percent share of the industry and continue its leadership.

 

In the fiscal year, he planned to give 169 billion birr in new loans and released 151.2 billion birr, and he planned to collect 103 billion birr from the previous loan and was able to collect 141 billion birr more than the plan, the data indicated.

 

He planned to earn 3.2 billion dollars in the foreign banking sector and managed to earn 3.5 billion dollars at the end of the fiscal year. This is a performance of 109.7 percent in terms of the plan, and a 32.1 percent increase compared to the same period last year.

 

The bank provided 7.8 billion dollars of foreign currency in the fiscal year, and it is known that the foreign currency generated by itself and the difference is covered by the National Bank of Ethiopia. 49 percent of the 7.9 billion dollars in foreign currency provided in the fiscal year was paid for the purchase of fuel, and 18

 

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