Oromia International Bank, a private financial institution in Ethiopia which recently rebranded itself as, Oromia Bank, has announced close to 872 million Birr annual profit after tax for the year ended June 30, 2021. Before tax Oromia Bank has made a total of almost 1.13 billion Birr, according to the financial statement of the Bank, which held its annual shareholders meeting last week. The previous budget year concluded June 30, 2020 Oromia Bank has made a total of about 861 million Birr annual profit after tax. During the budget year concluded June 30, 2021, the total assets of the Bank has increased to about 41.7 billion Birr from 33.8 billion Birr the previous year. The total equity of Oromia Bank stood at 5.47 billion Birr by June 30, 2021 from 4.59 billion Birr in 2020.

Source: Ethiopian News December 29, 2021 18:39 UTC