Tsedey Bank Registers 4.3 Billion Birr Pre Tax Profit in 2025/2026
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 series of institutional reforms introduced over the past five months,” the bank said in the statement this week.
Tsedey bank deposits increased to 61.2 billion birr compared with the last year’s 45.7 billion birr.. Outstanding loans reached 57 billion birr, while loan recovery amounted to 30 billion birr.
Tsedey bank was was founded as microfinance institution in 1997. It launched banking operations officially in September 2022. It has over 630 branches across Ethiopia.
