Dashen Bank reported a 37.4% increase in total assets to Birr 350 billion and a 49.2% rise in total income to Birr 47 billion for the fiscal year ended June 30, 2026.

The bank’s profit before tax reached Birr 15.2 billion, while customer deposits grew by 37% to Birr 280 billion, according to a press release.

Total assets increased from Birr 254.5 billion in the previous fiscal year to Birr 350 billion, reflecting growth in the bank’s balance sheet and deposit mobilization. The bank also reported a securities portfolio of Birr 165.4 billion.

Dashen Bank said its foreign currency operations generated more than $1.4 billion in foreign exchange earnings during the fiscal year.

The bank’s customer base exceeded nine million, with 1.35 million new customers added during the year. Its nationwide network expanded to more than 900 branches, alongside over 1,200 ATMs and 4,081 point-of-sale (POS) terminals.

Digital banking continued to play a growing role in the bank’s operations. Dashen Bank’s Super App processed more than Birr 309 billion in transactions across 29.4 million transactions, with daily transaction turnover exceeding Birr 2.5 billion.

Dula Mekonnen, chairman of Dashen Bank’s board of directors, said the results demonstrated the bank’s financial strength, resilience and commitment to sustainable growth.

Chief Executive Officer Asfaw Alemu said the performance reflected customer confidence and employee commitment, adding that the bank would continue to strengthen its financial position, expand its customer base and invest in digital services.

During the fiscal year, Dashen Bank also increased its focus on corporate banking, retail banking and services for small and medium-sized enterprises. The bank said it expanded financial support for businesses in sectors including agriculture, trade and health.

As part of its corporate social responsibility initiatives, Dashen Bank invested Birr 200 million in social programs. It also highlighted efforts to strengthen its environmental, social and governance practices, including managing climate-related risks and expanding green financing.

The results come as Ethiopia’s banking sector continues to expand its financial services, mobilize deposits and invest in digital infrastructure amid broader changes in the country’s financial system.