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...
E nat Bank closed its 2023/24 financial year with considerable growth in assets, deposits, and equity, yet it found its profitabil...
Read More
Zemen Bank, a relatively young player in the banking industry, has once again punched above its weight. A second-tier financial in...
Read More
Hijra Bank’s year-end financial report for last year reveals a noteworthy leap in profitability, with a net profit climbing more t...
Read More
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...
Read More
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...
Read More
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
© 2024 - 2026 Independent News & Media PLC All Rights Reserved.
Aug 12, 2025
