Bank of Abyssinia (BoA) has crossed a major funding milestone, with total deposits reported to have exceeded 300 billion birr, according to recent market data. The development reflects a sharp increase in deposits during the first half of the 2025/26 fiscal year and signals continued growth in customer balances.
At the close of the 2024/25 fiscal year (ended June 30, 2025), the bank reported total assets of 286.2 billion birr and deposits of 243.2 billion birr. The rise above 300 billion birr within months points to a notable expansion in liquidity and deposit mobilization.
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Recent performance highlights
- Deposits: Exceeded 300 billion birr (2025/26 H1, market reports)
- Assets: 286.2 billion birr (FY2024/25)
- Net profit: 7.3 billion birr after tax, up 91.4% year-on-year (FY2024/25)
- Customers: Over 11.6 million (FY2024/25)
- Foreign exchange earnings: $663 million in FY2024/25
The bank attributes recent gains to broader customer acquisition, digital banking uptake, and the expansion of interest-free banking services. BoA has also continued to raise paid-up capital, which stood at 15 billion birr, above the National Bank of Ethiopia’s minimum requirement.
Industry observers note that while the state-owned Commercial Bank of Ethiopia remains the largest lender, Bank of Abyssinia’s deposit growth places it among the leading private banks, frequently competing with peers such as Awash Bank for market share.
