Debub Global Bank Recovers from Previous Loss with 18m Br Profit
The Bank has mobilised 500 million Br deposit, disburses 266 million Br loans and advances Debub Global Bank S.C. has registered a profit after tax of 18.5 million Br for the fiscal year, recovering from the previous year’s loss of 14.3 million Br; it has registered earnings per share of 90.9 Br. Debub, which has worked hard in financial intermediations and other services such service charges, commissions and foreign exchange dealings has earned 37.2 million Br from interest incomes, which increasedby 427pc from last year. Non-interest earnings have staggeringly went up to 44.2 million Br showing an increase of 414pc. Debub has disbursed loans and advances of 266.6 million Br and invested 94.8 million Br in the National Bank of Ethiopia (NBE) bond. The loan and advances that the Bank has disbursed has shown an increase of 168pc and the investment in the NBE bonds represents 1.8pc of the Bank’s total assets and 18.9pc of its deposit. Although the amount that Debub disburse