Ahadu Bank Bags 120 Million Birr Profit

Ahadu Bank has reported a profit of 120 million birr in the last fiscal year. It started operations in Ethiopia around 3years ago.

Interestingly, in 2022, the bank reported a loss of 267.7 million birr. The total assets of the banks have reached 6.4 billion birr and 1.4 billion birr is its signed capital.

The bank has expanded its branch network to 104 locations, while its customer base has grown to 704,000. It has reportedly collected about 80 million US dollars in foreign currency in the last fiscal year.

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