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Boom & Bind


Banks’ Credit Engine Revs as the Road Narrows

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...

Addis Fortune Finance

Sidama Bank’s Bold Start into Commercial Banking Meets a Tough Reality

S idama Bank entered the competitive banking industry in 2022, emerging from microfinance roots with ample capital, limited infras...

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Addis Fortune Finance

Wegagen Bank Rises from the Brim as It Sails Economic Crosswinds

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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Addis Fortune Finance

Coop Bank Battles Profit Slump as Digital Vision Encounters Economic Headwinds

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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Addis Fortune Finance

In the Shadow of Giants, Zemen Bank Bucks the Trend

Zemen Bank, a relatively young player in the banking industry, has once again punched above its weight. A second-tier financial in...

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Addis Fortune Finance

Lion Bank's Profit Roars, but Can It Claw Its Way to the Top?

Lion International Bank's comeback after a difficult stretch during the civil war in the northern part of the country, was remarka...

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Addis Fortune Finance

Abay Bank's Revenue Soars, Profit Margins Feel the Squeeze in Costly Growth Push

Abay Bank has racked up noteworthy expansions in deposits, assets, and overall revenue. Yet its impressive growth trajectory conta...

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Addis Fortune Finance

Profit Alone Won’t Shield Banks from Gathering Storms

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.

3.28t Br

Industry Assets / June 2024

2.2t Br

Loans & Bonds

2.5t Br

Deposits

8,800

Branches per population

Interview

Addis Fortune Finance

DIGITALLY DRIVEN FUTURE R EADY

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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Addis Fortune Finance

In a Town Built on Beer, Heineken Ethiopia Bottles Hope

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...

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Download Vol. 1 For Free

Experience 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

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