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Buna Bank held its annual general meeting of shareholders

Buna Bank SC, which has more than 13,000 shareholders, held its 13th regular and 6th emergency general meeting of shareholders today at the Millennium Hall.

A large number of shareholders attended the meeting, and the Chairman of the Board of Directors of Buna Bank, Ambassador Alemahehu Sewaghen, presented the bank's 2021/22 annual report.

As stated in the report, the bank recorded a profit of 1.19 billion birr before tax at the end of the fiscal year and was able to collect deposits of more than 27.2 billion birr.

In the fiscal year ending on June 30, 2022, the bank was able to increase the amount of deposits by 6.7 billion birr compared to the previous year, and thus the total amount of deposits of the bank increased by 32.8 percent and reached 27.2 billion birr.

According to Ambassador Alemahehu, the bank has not only been able to withstand the significant economic slowdown caused by the covid-19 epidemic, the war between Russia and Ukraine, and the peace and security crisis in our country, but has also been able to maintain its profitability.

As mentioned in the report, the total assets of the bank showed an increase of 8.16 billion birr in the fiscal year and currently it has reached 34.1 billion birr.

In connection with this, the bank stated that the number of our deposit account customers increased to 41.2 percent in the fiscal year due to activities carried out in providing convenient banking services and generating new customers.

 At the conference, an agreement was made with the shareholders to facilitate the transfer and sale of the bank's shares.

(via YouTube Reporter)