Oromia Bank reports annual gross profit of 1.13 bln Birr

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Oromia Bank has reported an annual gross profit of 1.13 billion Birr in concluded fiscal year in June 30, 2021 showing a growth of 6% compared with that of previous year same period 1.07 billion Birr.

Earnings Per Share (EPS) stood at 270 Birr. The total assets of Oromia Bank grew by 23% and reached 41.7 billion Birr. With regard to paid up capital, it has reached 3.46 billion Birr.

In branch expansion the bank has also registered an encouraging performance: it opened 16 new branches reached 316 branches.
The total number of the agents and Automatic Teller Machines (ATMs) reached 284 and 143, respectively, while the number of mobile banking users and ATM cardholders reached 335,435 and 289,615, respectively.

The total outstanding loans and advances plus Interest-Free Banking (IFB) financing has reached 25.77 billion Birr as of June 30, 2021, exhibiting a growth of 27% over the performance attained at the end of the preceding year.

With regard to composition of loans and advances plus IFB financing, domestic trade and services takes the highest share of 31.33% followed by export 19.19%, industry 11.22%, and construction 10.6% during the reporting financial year.

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