Within two years of operation, the Bank has amassed a deposit base and total assets that place it near the front of its generation. Analysts attributed this acceleration to an aggressive yet carefully targeted credit approach, active deposit mobilisation, and a branch network that seems to operate more efficiently than its peers. While private banks across the board have been expanding their assets, few fourth-generation financial institutions have matched Amhara Bank’s pace on such a scale.
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E nat Bank closed its 2023/24 financial year with considerable growth in assets, deposits, and equity, yet it found its profitabil...
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.