Bunna Bank’s total assets reached 34.1 billion Birr.

Bunna Bank recorded a profit of 1.19 billion birr before tax and managed to collect more than 27.2 billion birr in deposits

  • The bank’s total assets reached 34.1 billion Birr.
  • Provided support of 8.1 million birr for development and charity activities.

Buna Bank S.c which has more than 13,000 shareholders, held its 13th regular and 6th emergency general meeting of shareholders on Sunday, November 25, 2015 at the Millennium Hall and announced that it had made a profit of 1.19 billion birr in 2014.

The Chairman of the Board of Directors of Buna Bank, Ambassador Alemayehu Sawange, presented the bank’s 2021/22 annual report to the shareholders. At the end of the fiscal year, the bank recorded a profit of 1.19 billion birr before tax and managed to collect more than 27.2 billion birr in deposits.

In the last financial year, the amount of deposits increased by 6.7 billion birr compared to the previous year, thus increasing the total amount of deposits of the bank by 32.8 percent to 27.2 billion birr. Of this, savings account deposits account for the largest share of 77.8 percent.

According to Ambassador Alemayehu in his speech, Buna Bank has been able to withstand the significant economic slowdown caused by the covid-19 epidemic, the Russian-Ukrainian war and the peace and security problems that have affected our country’s national economic activity.

The total assets of the bank showed an increase of 8.16 billion birr and reached 34.1 billion birr. According to the report of the board of directors of the bank, it showed an increase of 1.2 billion birr in the fiscal year. This brings the bank’s total capital to 5.1 billion birr.

According to the report, Buna Bank continued its efforts to increase its access to its customers and to increase its deposit collection operations and opened 58 new branches in the fiscal year. This brought the number of branches opened by the bank to 343 by the end of the fiscal year.

In order to further promote its interest-free service in the financial year, Buna Bank has registered and legally started using a service account called “KHADIM” in an effort to have its own special account and business name. He said he has reached a million. It has been pointed out that compared to last year’s performance, it can show an increase of Birr 272.5 million or 43.7%.

Finally, in order to increase the bank’s wealth and build its image, the chairman of the board indicated that the lease payment has been completed to acquire 4 thousand 530 square meters of land for the bank’s building construction in the area known as D’Africa Hotel from the Addis Ababa city administration.