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OIB enjoys rebound in profits

Rebounding from a slump in annual profits over the last couple of years, the Oromia International Bank ended the 2016-17 budget year with a 16.8 percent rise in net profits, to 217.6 million birr.

Lion’s profit marginally up, shareholder return down

Lion International Bank S.C (LIB) ended the 2016/17 fiscal year with a three percent net profit increase to 268.4 million birr. The rate of profit growth this fiscal year is much lower than the preceding year’s when the bank registered an increase of 110 percent.