Finalizes plans to erect 33-storey HQs building
By Birhanu Fikade
Despite the National Bank of Ethiopia (NBE)’s T-bills directive, which requires private banks to invest 27 percent of their loan disbursement and is blamed for causing both liquidity and lending capacity shortages,
Nib International Bank (NIB) has managed to secure an all-time record of 389.5 million birr gross profit and netted 286 million birr after tax. The net profit grew by more than 40 million birr from the preceding fiscal year, the bank said.