The Bank’s total assets climbed by 17.5pc to 54.53 billion Br, and deposits rose by 20pc to 43.87 billion Br. Analysts praised these advances as signs that Bunna Bank was effectively expanding its market presence. Yet, its profit before tax fell, uncovering the difficulties in sustaining margins when funding costs rise and broader macroeconomic fluctuations persist.
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The Bank of Abyssinia’s (BoA) financial results for the fiscal year 2023/24 tell a story of growth mixed with rising costs and nar...
Experience the full story in our exclusive digital edition. Addis Fortune Finance – Volume 2 takes you inside the defining moments of Ethiopia’s banking year. From record-breaking profits to emerging risks, this issue offers in-depth analysis, data-driven insights, and expert commentary.