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Awash Bank has been selected as the best bank in Ethiopia

Addis Ababa: Global Finance has announced for the 29th time the 2021 Annual World and Country Banking Choices.

Accordingly, South Africa’s “Standard Bank” has been named the best bank in Africa and Awash Bank has been selected from Ethiopia.

The poll was conducted between banks in 150 countries and ÷ 36 banks were selected from Africa.

Awash Bank Chief Executive Officer, Tsehai Shiferaw, said in a statement that the bank was able to be included in the 36 banks due to the negative impact of the CVD-19 epidemic, political instability, high inflation and foreign exchange deficit. .

He said the bank has reached 107.7 billion birr by the end of the fiscal year 2021, including Elsie Margin.

According to the CEO, this deposit amount is the first in the history of Awash Bank but also in the history of private banks.

The Bank’s gross profit for the year 2021 reached 5.58 billion birr, an increase of 1.39 billion birr or 33 percent over the same period last year.

By Mahlet Tekleberhan