Berhan Bank Makes Stunning Comeback With Soaring Profit

The resurgence comes after a challenging start to the year, marked by the resignation of its former President, Girum Tsegaye, over disagreements with the Board of Directors. With five months left in the fiscal year, the Board, chaired by Eligo Legesse, reinstated former Vice President Ermias Tefera as president, a move approved by the National Bank of Ethiopia (NBE).