cbe

USD
56.3942
57.5221
,
GBP
67.8914
69.2492
,
EUR
60.8775
62.0951
,
CHF
61.138
62.3608
,
SEK
4.9131
5.0114
,
NOK
4.8627
4.96
,
DKK
7.3918
7.5396
,
DJF
0.3158
0.3221
,
JPY
0.3401
0.3469
,
CAD
37.7184
38.4728
,
SAR
13.6076
13.8798
,
AED
13.8932
14.1711
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4291
34.0977
,
SDR
,
ZAR
,
CNY
7.0975
7.2395
,
KWD
175.0012
178.5012

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3778
57.5054
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
CHF
63.9422
65.221
,
AUD
36.9556
37.6947
,
AED
15.3493
15.6563
,
CNY
7.8357
7.9924
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
JPY
0.3753
0.3828
,
KES
0.3861
0.3938
,
NOK
5.3799
5.4875
,
SAR
15.0321
15.3327
,
ZAR
2.9646
3.0239
,
SEK
5.4273
5.5358
,
SDR
74.6893
76.1831

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

Wegagen Bank 2013/2014 annual Report show recoup from Crisis

Wegagen Bank 2013/2014 Annual Report

Wegagen Bank 2013/2014 annual report shows that the bank has recovered from the financial crisis of the past two years. the bank which has been deeply affected by the Northern Ethiopia war.  was forced to close 112 of its branches and cut some of its customers which increased the damage. 

The war has deeply affected the income and profit rate that could have reached the terms of the bank’s age.

After the war, in 2013, Wegagen Bank 2013/2014 annual report shows

  • The general profit rate has dropped from one billion to 193 million Birr
  • Loans taken before the banks closed were not returned which caused a decline in the profit rate.

After the decline and aggravated damage that happened in 2013, the bank has managed to improve its overall performance in the 2014 fiscal year. 

After 2013, in the 2014 fiscal year, as Wegagen Bank 2013/2014 annual Report stated

  • the bank managed to make a profit of 572 million birr before tax
  • 112 branches were able to collect a total of 2.4 billion birr in deposit 
  • At the end of the year, the bank’s deposit reached 33.9 billion birr which recorded an eight percent growth compared to the previous year.
  • The total amount of loans given to various sectors of the economy has reached 30.3 billion birr, showing an increase of 11 percent or 2.9 billion birr compared to the same period of the previous year.
  • The total assets of the bank increased by 8.7 percent or 3.5 billion birr to 43.1 billion birr at the end of the year.
  • The Bank achieved a total income of 5.1 billion birr in the 2014 fiscal year, which is 96.7 million birr more than the previous fiscal year. 

Wegagen Today

From this, we can understand that this year’s bank report that the work done to reduce the cost has been successful. This has reduced the annual cost for the first time. Wegagen Bank After years of a rollercoaster, Wegagen Bank has managed to overcome the problems and other challenges faced during the two-year war crossing the 2014 mark. Wegagen Bank today is as effective and efficient as it can ever be.

The board of directors has mentioned that the last fiscal year had been an important period of capacity building in which various strategic initiatives were concluded while others were started. The Bank has strived to embrace emerging opportunities as well as withstand constraining challenges broad-minded and innovatively. Overall, the bank maintained healthy and stable growth by undergoing strategic changes and pursuing complaints operations. (Wegagen bank, s.c. 2013/14 annual report)

Wegagen Bank 2013/2014 annual report Wegagen Bank 2013/2014 annual report

Wegagen Bank 2013/2014 annual Report President Speech

The president also gave an idea to strengthen this, and it is said that activities such as providing new banking services that can increase customer satisfaction, expanding the bank’s income source and digital banking services, strengthening risk management, etc. are included in the employees.

He emphasized that strengthening the bank’s strategic relationship with various stakeholders, establishing new relationships, increasing project execution capacity, and building the image of the bank are its main activities. 

Regarding the Wegagen bank 2013/2014 future activities, the bank has pointed out that despite the non-payment of loans following the war, the bank will work hard to gather new customers. They mentioned that the bank’s community is working wholeheartedly to make this a better bank. Keeping in mind that tomorrow is a brighter day, the bank believes that the work done so far and the work done in the future will lead Wegagen Bank to admirable results. 

to read more about Wegagen Bank visit https://banksethiopia.com/banks/wegagen-bank/