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Debub Global Bank profit up 33 percent – New Business Ethiopia

Spread the love Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33 percent from the previous year to 376 million Birr before tax. This is indicated by Chairman of board of directors of the Bank, Nuredin Awol, at the annual shareholders meeting this morning held at Ghion Hotel in the capital Addis Ababa. He indicated that the bank has secured total after tax profit of 292 million Birr. Earnings per share of Debub has also increased to 34.7 percent from 32.3 percent the previous year. By June 30, 2020, the paid-up capital of the Bank has also jumped to 986 million Birr showing an increase of 36.6 percent from the previous year.

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