Overview
Full-fledged interest-free (Sharia-compliant) bank founded in 2019 and operational since 2021, regulated by the National Bank of Ethiopia. Total assets reached Birr 14.6 billion as of 30 June 2025 (audited).
Total operating income rose 149.4% to ETB 1,766.2 million and profit after tax rose 386.5% to ETB 488.7 million, from profit before tax of ETB 721.2 million; total assets were ETB 14,614.4 million at 30 June 2025. The bank reported a capital adequacy ratio of 31%.
SourceETB 1.77B
ETB 488.68M
ETB 14.61B
SourceETB 1.04B
Performance
Income statement
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Revenue | ETB 27.58M | ETB 423.03M | ETB 708.27M | ETB 1.77B |
| Total Expenses | ETB 170.62M | ETB 395.24M | ETB 625.61M | ETB 1.04B |
| Net Profit | -ETB 143.04M | ETB 27.8M | ETB 100.46M | ETB 488.68M |
| Financing And Investment Income | ETB 19.1M | ETB 336.68M | ETB 459.92M | ETB 797.43M |
| Fee And Commission Income | ETB 7.75M | ETB 68.44M | ETB 206.52M | ETB 517.91M |
| Fee And Commission Expense | ETB 309.45K | ETB 1.55M | ETB 3.14M | ETB 8.07M |
| Foreign Exchange Gain | ETB 23.81K | ETB 5.9M | ETB 10.07M | ETB 113.3M |
| Other Operating Income | ETB 1.01M | ETB 13.56M | ETB 39.96M | ETB 372.69M |
| Impairment Losses | ETB 4.35M | ETB 11.19M | ETB 10.28M | ETB 22.31M |
| Personnel Expense | ETB 97.37M | ETB 222.45M | ETB 374.32M | ETB 588.25M |
| Promotion Expense | ETB 6.66M | ETB 7.22M | ETB 9.33M | ETB 14.34M |
| Depreciation And Amortization | ETB 32.16M | ETB 78.3M | ETB 113.21M | ETB 166.9M |
| General And Administrative Expense | ETB 30.08M | ETB 76.09M | ETB 118.48M | ETB 253.19M |
| Operating Expenses | ETB 166.27M | ETB 384.05M | ETB 615.33M | ETB 1.02B |
| Profit Shared To Mudarabah Depositors | — | — | ETB 5.07M | ETB 27.02M |
| Profit Before Tax | — | — | ETB 82.66M | ETB 721.25M |
| Income Tax Expense | — | — | -ETB 17.79M | ETB 232.56M |
Balance sheet
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Assets | ETB 2.22B | ETB 6.18B | ETB 8.18B | ETB 14.61B |
| Total Deposits | ETB 1.33B | ETB 4.84B | ETB 6.28B | ETB 11.51B |
| Total Loans | ETB 316.07M | ETB 3B | ETB 3.39B | ETB 4.74B |
| Equity | ETB 862.52M | ETB 1.2B | ETB 1.55B | ETB 2.47B |
| Cash And Bank Balance | ETB 978.61M | ETB 2.4B | ETB 2.94B | ETB 7.98B |
| Share Capital | ETB 979.93M | ETB 1.27B | ETB 1.49B | ETB 1.93B |
| Total Liabilities | — | — | ETB 6.64B | ETB 12.14B |
Cash flow
| Fiscal year | 2015EC | 2016EC | 2017EC |
|---|---|---|---|
| Operating Activities | ETB 1.05B | ETB 758.54M | ETB 5B |
| Investing Activities | ETB 69.87M | -ETB 430.32M | -ETB 404.52M |
| Financing Activities | ETB 294.87M | ETB 218.59M | ETB 438.92M |
| Cash And Equivalents End | — | ETB 2.94B | ETB 7.98B |
Financial health
—
—
31.0%
—
Cost-to-income
—
Liquidity ratio
—
Competitors
Peer institutions in the same sector, latest fiscal year.
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Net profit · 2018EC
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Net profit · 2018EC
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Net profit · 2018EC
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Net profit · 2018EC
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Net profit · 2017EC
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Net profit · 2018EC
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Net profit · 2018EC
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Net profit · 2018EC
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Net profit · 2018EC
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Net profit · 2017EC
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Net profit · 2018EC
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Net profit · 2017EC
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Net profit · 2017EC
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Net profit · 2017EC
-ETB 271.4M
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Net profit · 2017EC
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Net profit · 2017EC
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Net profit · 2017EC
-ETB 6.84B
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Net profit · 2018EC
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Net profit · 2017EC
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Net profit · 2018EC
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Net profit · 2017EC
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Net profit · 2017EC
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Net profit · 2017EC
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Net profit · 2018EC
ETB 1.07B