2020 Performance Metrics:
Abay Bank
In the year ended June 30, 2020, Abay bank had 223 branches, 3.9K employees and 825K accounts.
It achieved a net profit of 501 million ETB and had a net worth of 3 billion ETB. Its 'Operating Profit per Employee' was 372K.
The efficiency ratio derived by dividing 'Non Interest Expense' by 'Operating Income' less 'Loan Provisions' was 39%. A lower efficiency ratio is preferable: it indicates that a bank is spending less to generate every birr of income. Return on Assets was 2%.
In addition, the ‘Female to Male’ ratio of the Board of Directors of the bank was 1:8.
Ethiopian Business Daily
