News AIB Registered a Deposit Growth of Birr 3.5 Billion in 2012/13 Awash International Bank S.C. held its annual management meeting from August 2-3, 2013 at Hilton Addis Ababa and disclosed that its performance during the financial year 2012/13 is astonishing. Accordingly, the total deposit of the Bank including L/C margin held, rose to Birr 13.1 billion depicting a growth of above Birr 3.5 billion (37 percent) compared to the previous year. The total loan and advance of the Bank extended to different sectors of the economy also markedly rose to Birr 7.7 billion by end of June 2013, up by 40 percent or Birr 2.2 billion compared to the preceding year. In a similar development, the Bank’s total income also surged to Birr 1.4 billion depicting a growth of 28 percent or Birr 309 million compared to the preceding financial year. The Bank also recorded a highest ever unaudited gross profit of Birr 639 million in financial year 2012/13, exceeding that of the previous year by 20.3 percent. The paid up capital of the Bank also reached Birr 1.2 billion by the end of June 30, 2013 from Birr 912 million a year ago. During the financial year 2012/13, the Bank has opened 29 new branches raising the total number of its branches to 115. The Bank continued to hold the leading position among private banks in terms of branch network. The Bank also created job opportunities for over 4,011 employees at the end of financial year 2012/13.S->>awash-international-bank/news.html
Posted on: Tue, 17 Sep 2013 12:12:05 +0000
Trending Topics
Recently Viewed Topics
© 2015