Enat Bank on the bloom
on 10.02.2014, 16:46

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.