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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
Banking & FinanceNational 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
Banking & FinanceThe 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
Banking & FinanceEthiopian 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
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Banking & FinanceThe 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
Banking & FinanceEthiopian Securities Exchange (ESX) has officially listed Awash Bank S.C. on its main market, marking a significant milestone in the development of Ethiopia’s capital markets. The listing was inaugurated with a bell-ringing ceremony at the exchange’s trading floor, positioning Awash Bank among the first financial institutions to debut on the platform. Awash Bank, the largest
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Banking & FinanceThe Ethiopian Capital Market Authority (ECMA) said it has approved the registration of securities for Zemen Bank S.C., marking another step in the country’s evolving capital market framework. The regulator confirmed that, as of April 21, it has registered 15 million shares already held by the bank’s existing shareholders. The move is in line with
Banking & FinanceThe National Bank of Ethiopia has extended the deadline for bank customers to link their accounts with the country’s digital identification system, Fayda National Digital ID, citing low completion rates despite earlier efforts. In a statement, the central bank said the initial deadline of March 30 had not achieved the expected level of compliance relative
