NBE Ethiopia has simplified the process of getting account number for new importers and exporters. The National Bank of Ethiopia (NBE) today issued a statement in this regard. The bank has introduced a new digital service that simplifies the issuance of NBE Account Numbers for newly licensed importers and exporters. Now NBE Account Numbers can…
The National Bank of Ethiopia raised interest rate this week. The bank increased its main interest rate from 15% to 16%. This is the first change in interest rates within the last two years. Ethiopian economy is under stress. Rising fuel prices have made it difficult for the inflation to be brought under control. Iran…
Hijra bank has announced its profit for the 2025/26 fiscal year. It generated 3.55 billion birr in total income, which is 197% higher than the previous year. The bank almost tripled its income in just one year. Its gross profit also increased to 1.9 billion birr, up 132% from last year. Its total assets grew…
Details of Ethiopian foreign direct investment 2025/26 have been announced. Ethiopian Investment Commission (EIC) has stated that the country attracted 4.32 billion dollars in foreign direct investment (FDI) in the 2025/26 fiscal year. The amount represents an 8% increase compared with the previous year. In 2024/25, the country attracted 4.0 billion dollar which means that…
Ahadu Bank has shared details of its profit for the 2025/26 fiscal year, showing another year of growth. Ahadu bank has announced that it made a gross profit before tax and provisions of ETB 1.15 billion in the 2025/26 fiscal year. This is a 94.2% increase compared to 2024/25 fiscal year which shows that the…
Ethiopian Gadaa bank more than doubled its profit in the financial year 2025/26. According to the bank’s annual performance report, it recorded pre-tax profit of 1.01 billion birr in 2025/26 fiscal year. Gadaa bank received its banking license in April 2022. It has 85 branches and is publicly owned by over 31,000 shareholders (primarily individuals,…
The National Bank of Ethiopia has (NBE) increased paid-up capital for banks. NBE now requires every commercial bank to have a minimum paid-up capital of 5 billion birr. According to NBE this new move can make banks stronger and increase competition and it will be beneficial for the country. NBE believes that stronger banks will…
Awash bank profit for 2025/2026 nearly doubled. In financial year 2024/2025, Awash Bank reported a pre-tax profit of 22.7 billion Birr. This week the bank announced that it recorded 40.7 billion birr profit for the fiscal year 2025/2026. Awash Bank in recent years has shown sustained growth. Formerly known as Awash International Bank, Awash bank was…
Commercial Bank of Ethiopia (CBE) registered significant profit in the 2025/26 fiscal year. CBE released details of the profit this week. According to CBE President Abe Sano, the bank generated 80 billion birr profit in the financial year 2025/26. Commercial Bank of Ethiopia plans to raise the profit to 360 billion birr in the current…