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Abay Bank reported a profit before tax of Birr 6.22 billion for the financial year ended June 30, 2026, up 47.6% from Birr 4.22 billion a year earlier, according to audited financial statements reported by Ethiopian Business Review. The bank’s net profit after tax reached Birr 4.55 billion after an income tax charge of Birr
Abay Bank has launched the Abay Classic International Prepaid Visa Card, expanding its digital banking services and enabling customers to make secure international payments without carrying cash. The card, introduced in partnership with Visa, allows customers to make payments at ATMs and point-of-sale (POS) terminals worldwide, as well as conduct online purchases on international e-commerce
Abay Bank has officially become the fifth company to list its shares on the Ethiopian Securities Exchange (ESX), marking another step in the development of Ethiopia’s emerging capital market. The listing was commemorated through a bell-ringing ceremony hosted by ESX, bringing together market participants, regulators, investors, and representatives of the bank. Abay Bank joins four
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
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Sidama Bank S.C. began trading on the Ethiopian Securities Exchange (ESX) on Monday, opening at Br 1,300 per share under the ticker SIDAX, in a quiet debut that saw nine shares change hands. The listing makes the former microfinance lender the seventh confirm company on the bourse’s Main Market. Wegagen Capital Investment Bank acted as
Awash Bank (AWAB) dominated trading on the Ethiopian Securities Exchange (ESX) on Wednesday, with 16,522 shares changing hands, nearly 17 times the 986 shares traded in the previous session. The surge lifted total mainboard volume to about 22,014 shares, up from 4,009 on Tuesday. AWAB alone accounted for roughly 75% of the day’s traded volume,
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
The Ethiopian Securities Exchange (ESX) has announced significant progress in its listing pipeline, with several major financial institutions moving closer to joining the Exchange’s Main Market. In an official update, ESX confirmed that leading banks have received “Approval in Principle” (AIP) to list their shares, marking a key milestone in Ethiopia’s emerging capital market. Among
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