Overview
Interest-free (Sharia-compliant) bank that operated as a microfinance institution from 2011 before being relicensed as Shabelle Bank in December 2021. Total assets reached Birr 6.03 billion as of 30 June 2025 (audited).
Revenue grew 5.0% to ETB 570.3 million and net profit rose 65.6% to ETB 20.9 million, from profit before tax of ETB 26.3 million; total assets stood at ETB 6,034.8 million at 30 June 2025.
SourceETB 570.31M
ETB 20.95M
ETB 6.03B
SourceETB 544.06M
Performance
Income statement
| Fiscal year | 2015EC | 2016EC | 2017EC |
|---|---|---|---|
| Total Revenue | ETB 517.18M | ETB 543.27M | ETB 570.31M |
| Total Expenses | ETB 483.99M | ETB 523.33M | ETB 544.06M |
| Net Profit | ETB 19.84M | ETB 12.65M | ETB 20.95M |
| Mark Up Income | ETB 192.91M | ETB 288.24M | ETB 79.78M |
| Fee And Commission Income | ETB 272.95M | ETB 109.3M | ETB 89.1M |
| Other Operating Income | ETB 51.32M | ETB 144.25M | ETB 399.93M |
| Loan Impairment Charge | ETB 14.62M | -ETB 5.95M | ETB 27.67M |
| Personnel Expense | ETB 187.42M | ETB 298.81M | ETB 298.72M |
| Fee And Commission Expense | ETB 91.24M | ETB 39.63M | ETB 12.83M |
| Depreciation Expense | ETB 17.15M | ETB 22.22M | ETB 30.46M |
| Other Operating Expense | ETB 173.56M | ETB 168.17M | ETB 171.7M |
| Profit Before Tax | ETB 33.19M | ETB 19.93M | ETB 26.25M |
| Income Tax Expense | ETB 13.35M | ETB 7.29M | ETB 5.3M |
| Investment Income | — | ETB 1.48M | ETB 1.51M |
| Impairment Charge On Other Assets | — | ETB 452.46K | ETB 2.69M |
Balance sheet
| Fiscal year | 2015EC | 2016EC | 2017EC |
|---|---|---|---|
| Total Assets | ETB 3.76B | ETB 3.76B | ETB 6.03B |
| Total Deposits | ETB 801.61M | ETB 1.34B | ETB 2.28B |
| Total Loans | ETB 1.88B | ETB 1.88B | ETB 1.73B |
| Equity | ETB 669.35M | ETB 1.44B | ETB 2.26B |
| Cash And Cash Equivalents | ETB 853.5M | ETB 651.02M | ETB 834.79M |
| Investment Securities | ETB 83.75M | ETB 34.22M | ETB 34.65M |
| Other Receivables | ETB 494.37M | — | — |
| Inventories | ETB 23.94M | ETB 42.09M | ETB 29.84M |
| Property Plant And Equipment | ETB 407.52M | ETB 409.87M | ETB 1.11B |
| Intangible Assets | ETB 20.13M | ETB 27.68M | ETB 25.85M |
| Other Payables | ETB 2.27B | ETB 943.7M | ETB 978.43M |
| Total Liabilities | ETB 3.09B | ETB 2.32B | ETB 3.77B |
| Paid Up Capital | ETB 594.93M | ETB 1.39B | ETB 2.2B |
| Trade And Other Receivables | — | ETB 688.36M | ETB 2.19B |
| Land Lease | — | ETB 25.94M | ETB 25.94M |
| Right Of Use Asset Rent | — | — | ETB 52.34M |
| Loans And Borrowings | — | — | ETB 493.81M |
Cash flow
| Fiscal year | 2015EC | 2016EC | 2017EC |
|---|---|---|---|
| Operating | ETB 302.57M | -ETB 994.89M | -ETB 1.3B |
| Investing | -ETB 253.88M | -ETB 5.3M | -ETB 735.13M |
| Financing | ETB 78.99M | ETB 797.71M | ETB 2.22B |
| Net Change | ETB 127.68M | -ETB 202.48M | ETB 183.77M |
Financial health
0.9%
0.3%
—
—
Cost-to-income
—
Liquidity ratio
—
Competitors
Peer institutions in the same sector, latest fiscal year.
Commercial Bank of Ethiopia
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Net profit · 2017EC
ETB 38.71B
Awash Bank
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Net profit · 2018EC
ETB 29.34B
Dashen Bank
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Net profit · 2018EC
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Global Bank Ethiopia
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Net profit · 2017EC
ETB 756.63M
Addis International Bank
private-commercial-bank
Net profit · 2018EC
ETB 1.35B
Wegagen Bank
private-commercial-bank
Net profit · 2018EC
ETB 3.15B
Bank of Abyssinia
private-commercial-bank
Net profit · 2018EC
ETB 11.54B
Nib International Bank
private-commercial-bank
Net profit · 2017EC
-ETB 2.98B
Zemen Bank
private-commercial-bank
Net profit · 2018EC
ETB 6.75B
Bunna Bank
private-commercial-bank
Net profit · 2018EC
ETB 2.42B
Cooperative Bank of Oromia
private-cooperative-bank
Net profit · 2018EC
ETB 6.14B
Oromia Bank
private-commercial-bank
Net profit · 2018EC
ETB 2.84B
Lion Bank (Anbessa)
private-commercial-bank
Net profit · 2017EC
ETB 1.43B
Abay Bank
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Net profit · 2018EC
ETB 4.55B
Berhan Bank
private-commercial-bank
Net profit · 2017EC
ETB 2.1B
Ahadu Bank
private-commercial-bank
Net profit · 2017EC
ETB 399.39M
Tsehay Bank
private-commercial-bank
Net profit · 2017EC
-ETB 271.4M
Sidama Bank
private-commercial-bank
Net profit · 2017EC
ETB 72.31M
Amhara Bank
private-commercial-bank
Net profit · 2017EC
ETB 592.33M
Development Bank of Ethiopia
state-owned-development-bank
Net profit · 2017EC
-ETB 6.84B
Gadaa Bank S.C.
private-commercial-bank
Net profit · 2018EC
ETB 759.23M
Goh Betoch Bank
private-commercial-bank
Net profit · 2017EC
ETB 65.53M
Hibret Bank
private-commercial-bank
Net profit · 2018EC
ETB 4.02B
Hijra Bank
interest-free-bank
Net profit · 2017EC
ETB 488.68M
Siinqee Bank
private-commercial-bank
Net profit · 2017EC
ETB 3.35B
Siket Bank
private-commercial-bank
Net profit · 2017EC
ETB 1.24B
ZamZam Bank
interest-free-bank
Net profit · 2018EC
ETB 1.07B