The new Board of Directors of Dashen Bank SC has re-elected Neway Beyene as the new Chairman.
Neway was re-elected as Board Director during the 27th Ordinary Annual Shareholders Meeting conducted on December 24, 2020.
During the occasion, four existing Board Directors were re-elected, while five new Board Directors were elected. The Board of Directors’ election has also been approved by the National Bank of Ethiopia (NBE) on March 29, 2121.
The Chairman, Neway Beyene, has his background in Information Technology. He earned his BSc in Electrical Engineering from Addis Ababa University, Faculty of Technology in 1984 and his Masters of Business Leadership from Graduate School of Business Leadership, University of South Africa (UNISA) in 2013.
He has worked in a professional and leadership position at various local and multinational information technology firms and is currently a General Manager of Afcor PLC, an IBM Business Partner in Ethiopia.
Profit before tax of the Bank reached Birr 1.8 billion by the end of June 2020 reflecting a growth by 39.9%. The Bank’s total asset as at June 2020 grew by 21.4% over the last year position and reached Birr 68.8 billion. The total capital of the Bank increased by 21.4%and stood at Birr 8.31 billion.
As a result, the earning per share stood at Birr 490 showing an increase of 20.2%. Currently, it owns over 450 branches all over the country.