Awash Bank has reported a stellar performance for the 2024/25 financial year, recording a pre-tax profit of over 22 billion birr, the highest in its history.
This impressive growth comes as the bank aligned its operations with Ethiopia’s ongoing macroeconomic reforms, leading to strong results across all major performance indicators.
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Awash Bank’s total income skyrocketed by 77% year-over-year to reach 64 billion birr, while its profit before tax exceeded 22 billion birr — solidifying its position as one of the top-performing banks in the country.
The bank’s total deposits climbed to 332 billion birr, with interest-free banking (IFB) deposits accounting for 11.24% or 37.3 billion birr.
On the lending side, Awash Bank disbursed over 219 billion birr in loans, a 20% increase from the previous year. Notably:
- Over 16.6 billion birr was provided to 14,000+ micro, small, and medium enterprises (MSMEs).
- Through the MESMER program, in collaboration with the MasterCard Foundation, 1.3 billion birr was extended to nearly 12,000 MSMEs.
- Through its “Awash Le Hulu” digital loan platform, 493 million birr in collateral-free loans reached 301,000+ customers.
Awash also boosted its foreign currency generation, raising over $2 billion, marking a 25% increase from the prior year.
Digital transformation was another key highlight — over 1 trillion birr was transferred digitally, making up 76% of the bank’s total transactions for the year.
Awash Bank continues to reinforce its commitment to social responsibility:
- Spent over 500 million birr on social causes like education, healthcare, and environmental protection.
- Paid 10.8 billion birr in taxes to the government, underlining its major role in supporting Ethiopia’s economy.
The bank’s total capital rose by 10 billion birr, reaching over 37 billion birr — a 37% increase that reflects its growing financial strength and resilience.
