Banking & Finance — Page 2

EthSwitch Reports ETB 2.6 Billion Pre-Tax Profit as Digital Payment Transactions Reach ETB 1.26 Trillion

EthSwitch, 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

StockMarket.et9 Jul 2026

Banking & Finance

Gadaa Bank More Than Doubles Pre-Tax Profit to 1.01 Billion Birr in FY2025/26

Gadaa 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

StockMarket.et

Banking & Finance

Ahadu Bank’s Gross Profit Jumps 94.2% to ETB 1.15 Billion in FY2025/26

Ahadu 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

StockMarket.et5 Jul 2026

Banking & Finance

Awash Bank Posts 40.7 Billion Birr Gross Profit in First Annual Results Since ESX Listing

Awash 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

StockMarket.et2 Jul 2026

AWAB-2.78%

Banking & Finance

Commercial Bank of Ethiopia Reports Record 80 Billion Birr Profit, 2.4 Trillion Birr Deposits

The 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

StockMarket.et2 Jul 2026

Banking & Finance

NBE’s Latest FX Auction Clears at 157 Birr/USD as Demand Eases

The 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.

StockMarket.et24 Jun 2026

Banking & Finance

Dashen Bank Disburses Over Birr 20 Billion in Digital Loans Through Telebirr

Dashen 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,

StockMarket.et19 Jun 2026

Banking & Finance

Ethiopia’s FX Auction Resumes as NBE Sells USD 100 Million at 158 Birr per Dollar

The 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

StockMarket.et16 Jun 2026

Banking & Finance

NBE Authorizes All Commercial Banks to Issue Export Permits to China

National Bank of Ethiopia (NBE) has officially authorized all licensed commercial banks to issue export permits for goods destined for the People’s Republic of China. The landmark decision, announced via a public notice today, May 26, 2026, removes a long-standing restriction that previously required all China-bound export permits to be processed exclusively through the Commercial

StockMarket.et26 May 2026

Banking & Finance

Ethiopia Eases FX Controls and Cuts Trade Finance Costs as NBE Unveils New Letter of Credit Reform

The National Bank of Ethiopia has announced a fresh set of foreign exchange (FX) reforms aimed at improving trade efficiency, reducing administrative bottlenecks, and aligning the country’s financial system with international best practices. In a public notice issued on 25 May 2026, the central bank said the latest amendments to FX Directive FXD/01/2024 are part

StockMarket.et25 May 2026

Banking & Finance

Abay Bank Joins Growing List of Ethiopian Banks Registered with Capital Market Authority

Ethiopian Capital Market Authority has approved the registration of securities for Abay Bank S.C., marking another milestone in the development of Ethiopia’s emerging capital market ecosystem. In a notice issued on Monday, the Authority announced that it had approved Abay Bank’s Registration Statement in accordance with Articles 4 and 29 of the Public Offer and

StockMarket.et11 May 2026

ABAYB+2.62%

Banking & Finance

Commercial Bank of Ethiopia Expands Digital Push as Deposits Surpass 2.1 Trillion Birr

The Commercial Bank of Ethiopia (CBE) has announced plans to further expand its digital banking services and strengthen its market position, following strong performance across key operational areas in the first nine months of the 2025/26 fiscal year. The announcement was made during the bank’s third-quarter performance review forum held at its headquarters in Addis

StockMarket.et30 Apr 2026