Hibret Bank

Private commercial bank founded in 1998 as United Bank and renamed Hibret Bank in 2021. Audited total assets reached Birr 150.6 billion as of 30 June 2026.

Audited bank-only results for the year ended 30 June 2026: profit after tax of ETB 4.024 billion, up from ETB 0.024 billion (ETB 23.5 million) in 2024/25, when a ETB 3.755 billion net foreign-exchange loss cut profit; this year the bank recorded a ETB 0.904 billion net foreign-exchange gain. A profit growth rate is not shown because the 2024/25 base is close to zero. Pre-tax profit was ETB 5.457 billion and income tax ETB 1.434 billion. Gross income (interest, fee and commission and other operating income, the basis of this series) was ETB 21.724 billion, up 32.0%; the annual report's aggregate revenue of ETB 22.66 billion also counts the foreign-exchange gain and the share of associate profit. Total assets were ETB 150.630 billion. Customer deposits, including ETB 6.815 billion of interest-free banking deposits, were ETB 110.245 billion; the ETB 124 billion deposit figure in the annual report also includes ETB 13.745 billion due to financial institutions. The audited capital adequacy ratio was 9.95%, against an 8% minimum and 11.71% a year earlier. The annual report states that the board recommends a 25% dividend on paid-up shares.