Banking & Finance
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...
Read moreDetailsGadaa 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,...
Read moreDetailsAhadu 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...
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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...
Read moreDetailsCommercial 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),...
Read moreDetailsNBE’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,...
Read moreDetailsDashen 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...
Read moreDetailsEthiopia’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...
Read moreDetailsNBE 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...
Read moreDetailsEthiopia 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,...
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