Zemen Bank has reported a remarkable profit of 9 billion birr for the just-concluded financial year, with total revenue reaching 14 billion birr. The bank’s paid-up capital has also surpassed 9 billion birr, signaling a strong capital base and continued growth momentum.
CEO Dereje Zebene attributed the performance to the bank’s strategic direction and favorable developments in the broader financial sector. He highlighted key reforms shaping the industry, including the transition to a floating exchange rate system and the establishment of the Ethiopian Capital Market.
“These changes are creating a more competitive and transparent financial environment,” he said, underscoring Zemen Bank’s readiness to adapt and lead in the evolving market landscape.
