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...
Wegagen Bank has staged a remarkable turnaround by nearly doubling its net profit and boosting earnings per share (EPS) in the fis...
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Nib International Bank’s (NIB) financial results for the 2023/24 fiscal year painted a picture of a financial institution determin...
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Global Bank (Ethiopia) ended its 2023/24 fiscal year by treading a narrow line between robust expansion and caution. It displayed...
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S iinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impres...
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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
