Siket Bank S.C. held its 2nd Annual General Meeting of Shareholders at the Hyatt Regency Hotel.
Siket Bank S.C. held its 2nd Annual General Meeting of Shareholders at the Hyatt Regency Hotel. At the meeting, Ato Tilahun Worku, Chairman of the Board of Directors of Staket Bank, presented the annual report for the 2023/2024 financial year to shareholders and stated that the bank's net profit for the completed fiscal year was 1.54 billion birr, which is 50 percent more than the previous year.
The bank’s net profit for the fiscal year ended was 1.6 billion, reflecting a growth of 50% over the last financial year. The bank’s total income increased by 42% & reached 2.3 billion birr. Siket bank total capital increased to 7.9 billion birr in marking a 31 percent increase from the same period last year. The total capital of the bank reached 15.9 billion birr, with a growth of 30%. The bank’s total number of customers reached 537,428, a 17% increase over the previous year.
During the fiscal year, the bank implemented the T24 Core Banking system and all branches, including the banks head office, have been integrated with the system. On the other hand, the bank has constructed a modern, state-of-the-art data center called Tier Three & put into operation. Regarding the social responsibility, the bank spent a total of 10 million birr during the fiscal year in coordination with the bank and its employees to provide social services to various segments of society.
December 07, 2024
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