Overview
Private commercial bank transformed from Sidama Micro Finance Institution into a full-fledged bank in 2022. Total assets reached Birr 5.52 billion as of 30 June 2025.
Revenue grew 71.4% to ETB 597.6 million and net profit rose 166.5% to ETB 72.3 million; total assets reached ETB 5,519.4 million.
SourceETB 597.6M
ETB 72.31M
ETB 5.52B
SourceETB 506.81M
Performance
Income statement
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Revenue | ETB 177.12M | ETB 275.83M | ETB 348.63M | ETB 597.6M |
| Interest Income | ETB 151.27M | ETB 177.86M | ETB 270.77M | ETB 337.41M |
| Total Expenses | ETB 93.96M | ETB 211.88M | ETB 319.2M | ETB 506.81M |
| Net Profit | ETB 83.16M | ETB 53.48M | ETB 27.14M | ETB 72.31M |
| Interest Expense | ETB 19.34M | ETB 21.19M | ETB 36.39M | ETB 88.86M |
| Fees And Commission Income | ETB 11.37M | ETB 56.17M | ETB 26.1M | ETB 81.93M |
| Other Operating Income | ETB 14.48M | ETB 38.73M | ETB 47.85M | ETB 169.81M |
| Impairment Losses | ETB 8.11M | ETB 13.96M | ETB 8.72M | ETB 25.2M |
| Salaries And Benefits | ETB 48.92M | ETB 94.39M | ETB 155.94M | ETB 192.77M |
| General And Administrative | ETB 16.01M | ETB 61.57M | ETB 73.2M | ETB 136.36M |
| Depreciation And Amortization | ETB 1.57M | ETB 7.72M | ETB 16.08M | ETB 24.18M |
| Profit Before Tax | ETB 83.16M | ETB 63.95M | ETB 29.43M | ETB 90.79M |
| Grant Income | — | ETB 3.08M | ETB 3.91M | ETB 8.44M |
| Amortization Of Right Of Use Assets | — | ETB 11.75M | ETB 26.31M | ETB 35.26M |
| Interest Expense On Lease Liability | — | ETB 1.3M | ETB 2.56M | ETB 4.2M |
Balance sheet
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Assets | ETB 609.92M | ETB 1.32B | ETB 2.62B | ETB 5.52B |
| Total Deposits | ETB 165.04M | ETB 229.16M | ETB 1.22B | ETB 3.67B |
| Total Loans | ETB 462.46M | ETB 563.97M | ETB 1.11B | ETB 2.39B |
| Equity | ETB 293.38M | ETB 826.04M | ETB 1.09B | ETB 1.31B |
Financial health
—
—
39.0%
2.6%
Cost-to-income
—
Liquidity ratio
—
Competitors
Peer institutions in the same sector, latest fiscal year.
Commercial Bank of Ethiopia
state-owned-commercial-bank
Net profit · 2017EC
ETB 38.71B
Awash Bank
private-commercial-bank
Net profit · 2018EC
ETB 29.34B
Dashen Bank
private-commercial-bank
Net profit · 2018EC
ETB 11.8B
Global Bank Ethiopia
private-commercial-bank
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
private-commercial-bank
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
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
Shabelle Bank
interest-free-bank
Net profit · 2017EC
ETB 20.95M
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