Amhara Bank has recently announced financial results for the last financial year, reporting a pre-tax profit of 377.2 million birr.
In a press release, the caretaker general manager, Mr. Chanyalew Demise of Amhara Bank, shared that total deposits have reached 25.1 billion birr, reflecting the trust that customers place in the bank. Furthermore, Amhara Bank has extended loans amounting to 20.3 billion birr to different economic sectors, promoting financial access and inclusion across the country.
With this profit sharing report, Mr. Demise also shared that the customer base of Amhara Bank has exceeded 1.8 million, with more than 571,000 users engaging in mobile banking and over 50,000 customers utilizing bank cards. This growth in digital banking services signifies the bank’s dedication to enhancing the customer experience and expanding its reach.
Overall, Amhara Bank’s financial performance and focus on serving its customers position it as a vital player in Ethiopia’s banking sector.
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