Value Podcast

The National Bank of Ethiopia classified commercial banks in three categories; large, medium, and small banks, based on their asset.

Capital
Large: the state-owned Commercial Bank of Ethiopia that has a total assets and deposits of 9.5 percent and 48.7 percent, respectively of the whole banking sector at end-June 2023, its.Medium: Awash Bank, Bank of Abyssinia, Cooperative Bank of Oromia, Dashen Bank, Hibret Bank (five banks). Accounted for 28.0 percent of the sector’s total assets, 29.4 percent of deposits and their entire capital was 31.0 percent at the end of June 2023.
Small: 24 banks accounted for 22.5 percent asset and 21.9 percent deposit. Their combined total capital share stood at 41.6 percent at end-June 2023 of the whole banking sector.

The Reporter :

IMF talks end without agreement

A two-week round of discussions between Ethiopian officials and an International Monetary Fund (IMF) delegation in Addis Ababa has ended without a financial package deal, according to a statement from the Fund released yesterday.

IMF team led by Alvaro Piris “made substantial progress towards establishing how the IMF could support [Ethiopian] authorities’ economic program” between March 19 and April 2, 2024, but did not ink a staff level agreement, according to the statement.

IMF staff level agreement by the end of March was listed as a precondition by bilateral creditors when they approved a temporary debt payment suspension...

IMF Talks End Without Agreement | The Reporter | Latest Ethiopian News Today A two-week round of discussions between Ethiopian officials and an International Monetary Fund (IMF) delegation in Addis Ababa has ended without a financial

Addis International Bank 's (Addis Bank) profit for the fiscal year 2022/23 marked a departure from the Bank's previously strong growth trajectory, leaving it trailing behind its peers such as Enat, Global, and Berhan banks. The sharp decrease in a net profit of 223.4 million Br, recording a 35.2pc decline for the fiscal year 2022/23, has been largely attributed to a substantial reduction in foreign exchange income, shocking shareholders and sparking concerns over the Bank's strategic direction and operational efficiency.

Addis Fortune

Addis International Bank's (Addis Bank) profit for the fiscal year 2022/23 marked a departure from the Bank's previously strong growth trajectory, leaving it trailing behind its peers such as Enat, Global, and Berhan banks. The sharp decrease in a net profit of 223.4 million Br, recording a 35.2pc decline for the fiscal year 2022/23, has been largely attributed to a substantial reduction in foreign exchange income, shocking shareholders and sparking concerns over the Bank's strategic direction and operational efficiency.

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