Nib International Bank Swings Back to 4.2 Billion Birr Profit After Forex Reform Losses
Nib International Bank returned to profit in the 2025/26 fiscal year, posting 4.2 billion birr in pre-tax earnings after recording a loss the previous year as foreign exchange market reforms triggered heavy currency-related losses. The private lender said the turnaround followed its recovery from a 2.9 billion birr pre-tax loss in 2024/25, when it...