In its financial year 2023/24, Hijra Bank posted a profit after tax of a little over 100 million Br. Its net profit margin on total assets reached 1.23pc, up from 0.37pc, a mark of rising efficiency. Despite trailing the longer-standing industry benchmark of closer to 2.4pc or 2.6pc in return on average assets, its performance represents the promise and the problems confronting a newcomer working within fast-evolving regulatory constraints.
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Wegagen Bank has staged a remarkable turnaround by nearly doubling its net profit and boosting earnings per share (EPS) in the fis...
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.