
Company: Abay Bank
Average Rate of Return (4 Years Data): 27.1% of par value.
Dividend History:
2016: 230 ETB
2017: 229 ETB
2018: 284.28 ETB
2019: 343.36 ETB
Shares offered for sale:
Number of share for sale: 150
Price Per One Share: 1,300 ETB
Total price for 150 shares: 195,000 ETB
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About the Company:
Abay Bank has more than 3,600 shareholders overall the country, and the composition of the shareholders are the public mainly farmers, cooperatives, unions and businessmen. The paid-up capital of the Bank reached Birr 720 Million as of June 30, 2016 and its subscribed capital was around Birr 728 Million. To enhance its competitiveness and strength, the Bank recently increased its capital from ETB 500 Million to ETB 1 Billion, and is undergoing extensive sales of its share to the public. On this occasion, we are pleased to inform you that you can buy the highly profitable share of Abay Bank and own the Bank.