Wegagen Bank Registers 4 Billion Birr Pre Tax Profit in 2025/26
Wegagen Bank Registered 4 Billion Birr Pre Tax profit during the 2025/26 fiscal year. The bank this week shared its performance report. To review the performance, a meeting of the Board of Directors and Management members was held in Jimma town.
According to the performance report, Wegagen Bank registered a total income of 16.2 billion Birr during financial year 2025/26. The bank recorded 21% growth compared to the 2024/25 fiscal year. It registered 4 billion Birr pre tax profit. The Bank’s paid-up capital also grew by 44 percent compared to the last year same period, reaching Birr 10.1 billion, while its total assets expanded to Birr 110.7 billion.
Wegagen Bank’s total deposit grew by 23 percent as compared to the 2024/25 fiscal year, reaching 81.6 billion Birr, and its foreign currency mobilization also increased by 34 percent compared to the same period last year.
Wegagen Bank was officially established and started operations in June 1997. It has 443 total branches across Ethiopia, supervised by 10 district offices.
