Overview
Private commercial bank founded in 2009, branded 'Bank of the Visionaries'. Total assets reached Birr 82.6 billion as of 30 June 2026 (audited).
Audited bank-only results for the year ended 30 June 2026: profit after tax of ETB 2.416 billion, up 23.5%; total assets of ETB 82.557 billion. Gross income before funding costs and impairments was ETB 13.665 billion, up 16.4%. Audited pre-tax profit is ETB 3.292 billion. Customer deposits, including interest-free deposits, were ETB 55.879 billion and net loans and advances ETB 51.587 billion. The capital adequacy ratio was 13.68% against the 11% minimum of NBE Directive SBB/95/2025.
SourceETB 13.66B
ETB 2.42B
ETB 82.56B
SourceETB 10.37B
Performance
Income statement
| Fiscal year | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|
| Total Revenue | ETB 6.69B | ETB 8.03B | ETB 11.74B | ETB 13.66B |
| Interest Income | ETB 5.63B | ETB 6.8B | ETB 7.91B | ETB 10.08B |
| Total Expenses | ETB 5.34B | ETB 7.1B | ETB 9.11B | ETB 10.37B |
| Net Profit | ETB 949.21M | ETB 730.39M | ETB 1.96B | ETB 2.42B |
| Non Interest Income | ETB 1.06B | ETB 1.24B | ETB 3.83B | ETB 3.58B |
| Interest Expense | ETB 1.94B | ETB 2.88B | ETB 3.49B | ETB 4.23B |
| Impairment Losses | ETB 160.2M | ETB 196.3M | ETB 643.29M | ETB 347.51M |
| Operating Expenses | ETB 3.24B | ETB 4.03B | ETB 4.98B | ETB 5.8B |
| Profit Before Tax | ETB 1.36B | ETB 930.08M | ETB 2.63B | ETB 3.29B |
| Income Tax Expense | ETB 410.11M | ETB 199.69M | ETB 669.95M | ETB 875.66M |
Balance sheet
| Fiscal year | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|
| Total Assets | ETB 46.4B | ETB 54.53B | ETB 65.58B | ETB 82.56B |
| Total Deposits | ETB 34.36B | ETB 39B | ETB 46.62B | ETB 55.88B |
| Total Loans | ETB 34.17B | ETB 38.1B | ETB 41.36B | ETB 51.59B |
| Equity | ETB 6.51B | ETB 7.07B | ETB 8.82B | ETB 11.29B |
| Total Liabilities | — | — | — | ETB 71.27B |
| Share Capital | — | — | — | ETB 6.19B |
Cash flow
| Fiscal year | 2018EC |
|---|---|
| Net Cash From Operating | ETB 6.26B |
| Net Cash From Investing | -ETB 1.07B |
| Net Cash From Financing | -ETB 1.39B |
| Cash And Equivalents End | ETB 14.26B |
Financial health
—
—
13.7%
—
Cost-to-income
—
Liquidity ratio
—
Competitors
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