Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties
[Addis Fortune - Ethiopia] - 26/10/2025
Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial (…)
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