Ethiopia’s Shabelle Bank’s Assets Hit Nearly $61 Million
Ethiopia's Shabelle Bank reported a 62 percent increase in total assets, reaching nearly $61 million. The growth was announced during a leadership summit focused on expanding financial services and regional economic development.
Why it matters
The bank's significant growth reflects broader trends in regional financial expansion and economic development within the Somali Regional State.
JIGJIGA (Dawan Africa) – Shabelle Bank’s total assets have reached nearly $61 million (9.73 billion birr), up 62 percent from last year, the bank announced at a leadership summit in Jigjiga, SRTV Somali reported. The event was attended by the Deputy President of the Somali Regional State, who also serves as the Chair of Shabelle Bank’s Board, Ibrahim Osman Farah, along with board members, senior management, branch heads, and other officials.
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