Anual Report

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Dashen Bank Annual Report 2009-2010

table of contents
06

Statement of the Board Chairman

08

The President’s Message

10

Board of Directors’ Report

18

Auditors’ Report

20

Balance Sheet

21

Profit and Loss Account

22

Statement of Cash Flow

23

Notes forming part of the Financial Statements

VISIoN
“Inasmuch as Mount Dashen excels all other mountains in Ethiopia, Dashen Bank continues to prove unparalleled in banking services.”

MISSIoN
“Provide efficient and customer focused domestic and international banking services, overcoming the continuous challenges for excellence through the application of appropriate technology.”

VALuE
• • • • • • • • • • Develop banking habit in the community Assist continuous growth of customers Sustainable growth and stability High integrity and accountability Esteemed customers satisfaction Non-stop openness for community access Brightened and trained employees Attend customers’ constructive outlook Normative confidentiality Keen to consciously build professionalism and service quality

ouR SCoRECARD
Total Capital & Asset Level (In millions of Birr)
12,353 9,733 7,840 6,039 1,123 4.9 909 6.2 7.9

Loans and Deposits (In billions of Birr)
10.1

544 2006/07

731

3.9

4.4

4.5

4.9

2007/08 Total Asset Level

Year

2008/09

2009/10

2006/07

2007/08 Total Deposit

Year

2008/09

2009/10

Total Capital Level

Total Loans & Advances

Number of Depositors (In thousands)
404 487 582

693 5,622

Number of Loanees
6,269 5,978 5,496

2006/07 2007/08 2008/09 2009/10 Year

2006/07 2007/08 2008/09 2009/10 Year

Total Revenue (In millions of Birr)
964
In millions of Birr

Total Expense (Including Provision) (In millions of Birr)
In millions of Birr

670 485

756 403 506

226

337

2006/07 2007/08 2008/09 2009/10 Year

2006/07 2007/08 2008/09 2009/10 Year

Gross Profit Before Tax (In millions of Birr)
458
In millions of Birr

Net Profit (In millions of Birr)
324
In millions of Birr

259

333

353

188

239

250

2006/07 2007/08 2008/09 2009/10 Year

2006/07 2007/08 2008/09 2009/10 Year

Earnings Per Share & Paid-up Capital
453,993,000 282,210,000 1,001 2006/07 846 2007/08 Earning Per Share 550 2008/09 609 2009/10 528,512,000 591,860,000 1,623

Staff Strength
1,866 2,249 2,541

2006/07 2007/08 2008/09 2009/10 Year

Year

Paid-up Capital

No. of Area Banks, Forex Bureaux & ATMs
47 52 58 55 20 10 4 2006/07 4 2007/08 40 5 2008/09 5 2009/10 234 218 2006/07

No. of Bilateral Key Exchange Arrangement & POS Terminals
669 557 409 371 395

42

254 2007/08

Year

Number of Area Banks Number of ATMs

Number of Forex Bureaux

2008/09 Year Number of POS Terminals

2009/10

Number of Bilateral Exchange Arrangement

Annual Report 2009-2010

Dashen Bank

03

BoARD oF DIRECToRS

Teklu Haile
Chairman

Melaku Beza
Director

Lulseged Teferi
Director

Yilma Yemane-Berhan
Director

Ahmed Hassen
Director

Teka Asfaw
Director

Ayele Demissie
Director

04

Dashen Bank Dashen Bank Annual Report 2008-09
Annual Report 2009-2010

PoLICY DEVELoPMENT CoMMITTEE

Lulseged Teferi
President

V/President- Operations Management

Asfaw Alemu

V/President- Systems & Resources Management

Berhanu W/Selassie

Abebe Teklu
Controller

Manager, Payment Card Department

Abebe Girmay

Manager, International Banking Department

Esubalew Tekeste

Manager, Information Technology Department

Girma K/Michael

Manager, Engineering Department

Girma Tilaye

Manager, Human Resources & Logistics Department

Messeret Taye

Manager, Fund Management & Accounts Department

Negussie Demie

Manager, Corporate Planning & Development Department

Samuel Adane

Manager, Credit Department

Tilahun Hailu

Manager, Legal...
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