Evaluation of the Financial Performance of Banking Sectors in Ethiopia: The Case of Zemen Bank

Muhabie Mekonnen Mengistu

Evaluation of the Financial Performance of Banking Sectors in Ethiopia: The Case of Zemen Bank

Muhabie Mekonnen Mengistu * §

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§ Pan African University

Evaluation of the Financial Performance of Banking Sectors in Ethiopia: The Case of Zemen Bank

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Abstract

This study is aimed at evaluating the financial performance of the banking sectors in Ethiopia with a special focus on Zemen Bank S.C. for the period 2009 to 2014. To meet the objective of the study, secondary sources of data, such as annual reports of the bank have been utilized. After collecting the necessary data, appropriate financial ratios and descriptive statistical techniques were employed for analyzing, interpreting and giving a condensed picture of the collected data. Accordingly, the results of the study revealed that the financial performance of the bank had kept on improving, if not fluctuating over time. Besides, the bank has performed well in profit earning and efficiently managing its assets for generating revenue, whereas there is a need for improvement in its much dependence on outside financing and the high proportion of nonperforming loans.

References

16 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Muhabie Mengistu. 2015. "Evaluation of the Financial Performance of Banking Sectors in Ethiopia: The Case of Zemen Bank". Global Journal of Management and Business Research, Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C9).

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GJMBR Volume 15 Issue C9

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: G32

Submission ReceivedFebruary 9, 2015
Peer Review Double Blind
Handling Editor
Accepted March 4, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

October 17, 2015

Language

English

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Article Matrices

Total Score: 148

Country: Cameroon

Subject: Global Journal of Management and Business Research

Authors: Muhabie Mekonnen Mengistu (PhD/Dr. count: 0)

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Publish Date: 2015 03, Sun

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