The banking industry entered the current financial year both sturdy and unsettled. Profits were strong, loan books looked clean and capital buffers respectable. Yet, shallow financial depth, stubborn inflation, and heavy government exposure to budget deficit darkened the horizon. The credit engine was revving; whether it powers...
Cooperative Bank of Oromia (Coop Bank) finished a demanding year in 2023/24, holding on to moderate profitability and widening its...
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The Bank of Abyssinia’s (BoA) financial results for the fiscal year 2023/24 tell a story of growth mixed with rising costs and nar...
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Ahadu Bank, one of the youngest financial institutions in the market, has made a noteworthy recovery from substantial losses durin...
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Bunna Bank, in its 15th year of operation, has posted noteworthy gains in deposits and total assets in the 2023/24 financial year...
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The commercial banks ended the 2023/24 fiscal
year with numbers that sparkle at first glance.
Aggregate profits rose, margins stayed plump,
and system-wide non-performing loans (NPLs)
held in the low single digits.
However, when asset growth, capital cushions,
and loan-loss provisions are weighed beside earnings, the tidy
league table starts to wobble and a quiet change in hierarchy
appears.
Industry Assets / June 2024
Loans & Bonds
Deposits
Branches per population
Wegagen Bank is pushing ahead with a digital transformation plan, embedded within its five-year corporate strategy aligned with the broader national digital agenda. Focusing on expanding digital services such as mobile banking and AI-driven lending products, the Bank has launched innovative platforms like Efoyta, a collateral-fr...
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Rabia Yasin had long measured wellbeing by the handful. On most seasons, her husband’s small plot at the edge of Bedele, a town 260Km west of Addis Abeba, in Oromia Regional State, produced enough grain to fill the family’s pantry, but never enough to sell. She tried growing pepper and cabbage outside the mud-brick house th...
Read MoreExperience the full story in our exclusive digital edition. Addis Fortune Finance – Volume 2 takes you inside the defining moments of Ethiopia’s banking year. From record-breaking profits to emerging risks, this issue offers in-depth analysis, data-driven insights, and expert commentary.
Addis Fortune Finance | Focus & Clarity
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Aug 12, 2025
