The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Ethiopia

BEST BANK
Dahsen Bank

ethopia.jpg

Measured by total assets, the Ethiopian banking industry is still dominated by Commercial Bank of Ethiopia, which continues to make encouraging progress in addressing the formidable challenges of its non-performing loans. It is also modernizing its 172-branch network and has recently rolled out its first eight ATM machines.

Of the more nimble private sector operators, Bank of Abyssinia made spectacular progress in 2004, doubling its net interest revenue and lifting its net income from a meagre Br5.4 million in 2003 to Br38.2 million ($4.4 million) in 2004.

But of all the private banks, Dahsen Bank – which this year opened its thirty-fourth branch, in Addis Ababa – has once again proved to be the clear leader. In 2004 it increased its net income by 112% to Br56.3 million, with net interest revenue rising by 46% to Br75.8 million and loan-loss provisions falling by more than 30%.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree