Berhan Bank, Ethiopia Reports 21.3 Million Birr in Profits. PDF Print E-mail
Tuesday, 06 December 2011 13:39

Berhan International Bank, Ethiopia announced  after tax profits of 21.3 million birr, for the last fiscal year. The bank had registered a loss of 5.6 million birr in its first year of operation. BIB mobilized 694.4 million birr in the reporting period. Savings and time deposits made up 73.3% of the total deposits while the rest was made up of demand deposits.
Interest payment in deposits showed significant increase to 17.7 million birr accounting for almost half of total expenses.

The high rate of time and saving deposits versus demand deposits is a common trend for new banks said Belachew Bogale President of Berhan. The bank will achieve a balance in deposits account reducing interest payment once it’s established he explained.

BIB showed a significant advance in financial intermediation activities and non interest operations. The bank increased its interest income to 34 million birr, disbursing 328.1 million birr in loans and advances.

Non interest earnings also exhibited a significant increase to reach 33.13 million birr in the last fiscal year.
The bank’s loan to deposit ratio, however, fell from 63.7% to 47.3% while the ratio of liquid assets to total assets increase to 57.9% from 51.9%. The ratio of liquid assets to deposits increased to 76.2% from 71.4% suggesting rising liquidity levels.

The bank will work to avoid an excess liquidity problem by increasing loans and advances in the future responded Belachew.

The paid up capital of Berhan bank has reached 134.7 million birr from 95.7 million birr when the bank was established. 


Add comment

Security code

ethiopia - Yahoo Canada Search Results
  • Addis Ababa Doubling in Size Gives Africa Another Hub
    Ethiopia, Africa's fastest-growing economy, is looking to its capital to help sustain an expansion that averaged more than 10 percent a year in the past decade. Planners predict the population of Addis Ababa and five satellite towns will more than double by 2040 to 8.1 million, highlighting United Nations estimates that Africa's global share of urban dwellers will double to 20 percent in the ...
  • East Africa boosts anti-Ebola measures
    Kenya and Ethiopia, home to some of Africa's largest transport hubs, said Thursday they had boosted measures to combat possible Ebola cases arriving in their countries. Kenya's National Disaster Operation Centre said in a statement that "port health services are on standby, with enhanced screening at border points to prevent and contain any possible disease threat". Meanwhile Ethiopia Airlines ...
  • Ethiopia: Ethiopia Dismisses Allegations That It Supported SPLM-in-Opposition
    [ERTA]Ethiopia's foreign affairs spokesperson, Ambassador Dina Mufti on Sunday dismissed allegations that South Sudanese rebels were receiving support from the East African country or using its territory to destabilize South Sudan.

Ethiopia's Economy Grows 10.6 Per Cent Annually Since 2004

"The growth over the last nine years was far beyond the growth rates recorded in aggregate terms for sub-Saharan Africa which was 5.2 per cent, less than half of Ethiopia's average real GDP (gross domestic product) growth rate during that period,"

Report By Worldbank

Related Link

* Abu Hyder: Radicalizing Muslims

Ben's Point of View on the latest developments

(Nov 23, 2012)

Ben's Point of View on the latest developments

(Nov 11th, 2012)

Ben's Point of View on the latest developments

(Nov 3rd, 2012)

Bebeqa: Moving Forward