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Banking & FinanceZemen Bank has reported a strong financial performance for the 2025/26 Ethiopian fiscal year, recording a profit of 10.2 billion birr and growing its total assets to 116 billion birr. The figures were disclosed during the bank’s annual management meeting held from July 17 to 18 in Addis Ababa, where the institution reviewed its performance,
Banking & FinanceThe National Bank of Ethiopia (NBE), in collaboration with the Ethiopia Customs Commission, has launched a new digital service that enables newly licensed importers and exporters to obtain NBE Account Numbers through the Customs Electronic Single Window (eSW), streamlining a key step in Ethiopia’s trade registration process. Under the new system, eligible businesses can receive
Banking & FinanceEthiopia has taken its biggest step yet toward a modern interest-rate-driven monetary policy framework, with the National Bank of Ethiopia (NBE) removing the credit growth ceiling that restricted bank lending for nearly three years while raising its benchmark policy rate for the first time. Following the seventh meeting of the Monetary Policy Committee (MPC), the
Banking & FinanceZamZam Bank S.C. has surpassed ETB 1 billion in digital Sharia-compliant financing through its Ansar platform, reaching more than 10,000 micro, small, and medium-sized enterprises (MSMEs) across Ethiopia. The milestone comes through the bank’s partnership with Kifiya, whose AI-powered decisioning and Sharia-compliant financing infrastructure supports the digital financing platform. According to the institutions, Ansar has
Banking & FinanceEthSwitch, Ethiopia’s national payment switch, has reported a gross profit before tax of ETB 2.6 billion for the 2025/26 fiscal year, reflecting continued growth in the country’s interoperable digital payments ecosystem. According to the company, it processed 387 million interoperable transactions during the financial year, with a combined value of ETB 1.26 trillion across its
Banking & FinanceGadaa Bank has reported strong financial growth for the 2025/26 fiscal year, posting a pre-tax profit of 1.01 billion birr, more than double the previous year’s performance as the lender continued its rapid expansion in only its third full year of operation. According to the bank’s annual performance highlights, total assets rose by 64% to
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Banking & FinanceAhadu Bank reported a gross profit before provisioning and tax of ETB 1.15 billion for the 2025/26 financial year, representing a 94.2% year-on-year increase, as the bank continued to expand its operations and strengthen its financial performance. According to the bank, total income reached ETB 3.2 billion, reflecting a 52% increase compared to the previous
Banking & FinanceAwash Bank has reported a gross profit of 40.7 billion birr for the 2025/26 financial year, according to the bank’s annual performance report, marking its first full-year results since listing on the Ethiopian Securities Exchange (ESX). The bank announced that total deposits reached 467.8 billion birr, while total assets climbed to 622 billion birr and
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Banking & FinanceThe Commercial Bank of Ethiopia (CBE) has reported a record-breaking financial performance for the 2025/26 fiscal year (Ethiopian FY 2018), posting more than 80 billion birr in profit, collecting a historic 707.4 billion birr in new deposits, and expanding its total deposit base to over 2.4 trillion birr. Speaking at a press conference held at
Banking & FinanceThe National Bank of Ethiopia (NBE) has released the results of Foreign Exchange Auction No. 24, conducted on June 24, 2026, with USD 100 million allocated to participating banks. The auction cleared at a marginal rate of 157 birr per U.S. dollar, while the weighted average rate of successful bids also stood at 157 birr/USD.
Banking & FinanceDashen Bank announced that it has disbursed more than Birr 20 billion in loans through the Telebirr platform, marking a significant milestone in Ethiopia’s expanding digital finance ecosystem. The achievement comes through Dashen Bank’s partnership with Ethio Telecom, which launched digital lending services on Telebirr in August 2022. The collaboration introduced products such as Mela,
Banking & FinanceThe National Bank of Ethiopia (NBE) has successfully conducted its 23rd Special Foreign Exchange Auction, allocating USD 100 million to participating banks at a marginal rate of 157.9999 birr per U.S. dollar. According to results released by the central bank on Tuesday, the auction attracted total bids worth USD 236.3 million, more than double the
