Ethiopia has officially banned 7 cryptocurrency applications. According to the government, the seven applications were being used to facilitate illegal financial transactions. Various cryptocurrency applications have previously been used to transfer Ethiopian Birr from the P2P platform. The government did not disclose the names of the applications which have been banned. The Ethiopian government has…
Tsedey bank recorded 4.3 billion pre tax profit in the fiscal year 2025/2026. In 2024/25 fiscal year, the bank reported a net loss of 2.13 billion birr. “We have reduced its non-performing loan (NPL) ratio to 6.4% during the 2025/26 fiscal year while recording a gross profit before tax of ETB 4.3 billion, following a…
Ethiopian Shipping and Logistics announced that it generated over 157.2 billion Birr in revenue and recorded a pre-tax profit of 28.2 billion Birr in fiscal year 2025/26. Ethiopian Shipping and Logistics stated that it achieved a revenue of 157.2 billion Birr in the recently concluded fiscal year, exceeding its planned target of 144.9 billion Birr….
Zemen bank has announced its profit for the 2025/26 fiscal year. Zemen bank made a pre-audited gross profit of 10.2 billion birr, marking one of the highest profit in the bank’s history. The bank has also earned 17.8 billion birr in total revenue during the year. It showed strong growth in customer deposits as well….
Ethiopian Airlines generated $9.1 billion in revenue in fiscal year 2025/26. The Airlines today released its operational report for the 2025/2026. The report was presented by Mr. Mesfin Tasew, CEO of Ethiopian Airlines Group. According to the report, the Airlines transported 20.7 million passengers during the fiscal year.The first quarter of the year was particularly…
Abyssinia Bank has been listed on the Ethiopians Securities Exchange (ESX). It has offered 17,481,120 approved shares for sale. The modern Bank of Abyssinia was re-established in February 1996. It has 929 branches across Ethiopia. Its headquarters is located in Ethiopian capital Addis Ababa. This year two other private Ethiopian banks offered their shares for…
Amhara Bank registered over 2 billion birr gross profit in 2025/26. It tripled previous year’s earnings. According to an official statement released on the bank’s social media platforms, this represents a massive threefold increase compared to the same period last fiscal year. The bank highlighted that this landmark profitability was achieved despite navigating numerous macroeconomic…
Nib International Bank registered 4.2 Billion Birr Pre-Tax profit in fiscal year 2025/26. Last year, the bank registered 2.9 billion birr loss after the Ethiopian government liberalized foreign exchange market. Total deposits of the bank have risen to 59 billion Birr, showing 14% increase. Its total assets stand at 75 billion Birr. Nib international bank…
Shabelle Bank earned 231 million birr pre tax profit in the financial year 2025/26, showing more than tenfold increase compared with the last year. According to Shabelle bank S.C. , customer deposits increased 4.7 billion Birr, showing 122% improvement than the last year. Bank’s financing portfolio expanded by 101% to 3.5 billion Birr. Total assets…