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» Enat Bank on the bloom
The Bank announced 6 months performance results to be promising

Enat bank notified that its six-month performance is reassuringly promising, at a press conference held on January 11, 2014. The Board Chairperson W/ro Meaza Ashenafi and A/president W/ro Birtukan G/Egzi reported that the last six months could be refered to as quite extraordinary and encouraging for the Bank.
W/ro Meaza Ashenafi further explained that unlike the practice in the banking industry, Enat bank announces its performance as frequently as possible: like in the middle of the budget year and will continue to do so, as stakeholders deserve to periodically learn about the Bank’s progress.
W/ro Birtukan on her part reported that the Bank has mobilized a total deposit of Birr 372.59 million as at December 31, 2013 which is 144.80 million (64%) well above the plan. The Bank`s total number of account holders as at December 31, 2013 is 5,777 and of these 3,226 (56%) are women. The amount deposited by the women clients reached Birr 130.03 million which is 35% of the total deposit of the Bank.
W/ro Birtukan further reported that the Bank`s paid up capital reached 239.6 million; and that of the subscribed capital is 327.8 million as at December 31, 2013.
In addition the A/president noted that the Bank has approved Birr 180.8 million loans and advances which is on the increase since the Bank started operation. The A/president finally pointed out that the profit registered by the Bank is also quite promising, the actual figure whereof is to be disclosed after an audit report is released.

on 10.02.2014, 16:46
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