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Author: Digital Editor

Dashen Bank Launches “Dashen Edil”  with Up to 30 Million Birr in Prizes

Posted on by Digital Editor

Dashen Bank is excited to announce the official launch of the Dashen Edil, an innovative digital reward and gamification experience available exclusively on the Dashen Super App. With a total prize pool of up to 30 million birr, this campaign offers Dashen Super App customers a unique opportunity to win exciting rewards while engaging with the Bank’s cutting-edge digital services.

The Dashen Edil Lottery introduces a more dynamic and rewarding way for customers to participate and win. Through everyday digital transactions, users can easily earn “coins” within the Dashen Super App by: Making money transfers, downloading and activating the Super App, receiving funds from other banks, making merchant payments and bill settlements, using the airtime top-up feature, engaging in chat banking and budgeting tools, and other features of the Super App.

Customers can then use their collected coins to “shake” their phones and instantly win prizes ranging from mobile data packages and e-money rewards of Br. 100 to Br. 100,000, to premium smartphones including Samsung Galaxy S23, Galaxy A54, and iPhone 16 models, as well as a brand-new BYD car.

Starting November 1, 2025, Dashen Bank will begin awarding thousands of prizes throughout the Dashen Edil campaign period. This initiative is designed not only to reward Dashen’s loyal customers but also to inspire greater use of the diverse features offered by the Dashen Super App.

Join the excitement today!

Download the Dashen Super App, start earning coins, and take your chance to win life-changing prizes while experiencing the future of digital banking with Dashen Bank.

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

Central Bank Lifts Lending Limits on Sharia-compliant Banks

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

Central Bank Misses the Mark on Forex Market Speculation

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

Power Co. Unleashes Tariff Shock Rattling Crypto Mining Industry

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

Berhan Bank Puts Skyscraper on Hold

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

At Nib Bank, a House Divided Over Billions Lost

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

They Melt Batteries to Make a Living, Inhale Poison Without Knowing

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

Brewed Buck Eases as Banks Shadow Central Bank Rate in Tight Formation

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Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office at +251-011-416-3020 to subscribe – only 657.00 Br for 52 editions – and enjoy access to www.addisfortune.news beginning on SUNDAYS as early as 6:00am!

EthSwitch Sees Record Profit, Expands Digital Payment Reach

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EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year’s 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country’s growing embrace of digital payments.

Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue climbed 49pc to 2.2 billion Br, as EthSwitch processed 287.4 million transactions worth 741.1 billion Br.

P2P transfers surged 158pc to 128.3 million transactions valued at 577.7 billion Br, making it the fastest-growing segment. Net profit reached 1.05 billion Br, while paid-up capital rose to 2.6 billion Br.

The company also announced plans to build a 12-storey headquarters on Equatorial Guinea Street near Casanchis, underscoring its continued growth.

Board Chairperson Solomon Desta said the results reaffirm EthSwitch’s pivotal role in enhancing interoperability among financial institutions and advancing the digital payment ecosystem, despite ongoing macroeconomic challenges.

Lion Bank Delivers Robust Results, Rewarding Shareholders

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Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank’s General Assembly held last week at the Sheraton Addis Hotel.

After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billion Br, an 18pc rise year-on-year.

Executives described the results as a reflection of sustained growth and sound management.

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

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Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank’s total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year.

Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank’s 70pc forex surrender rule and more flexible reform measures that strengthened liquidity and lending capacity.