Overview
Private commercial bank transformed from Harbu Microfinance Institution and licensed by the National Bank of Ethiopia in December 2023, making it Ethiopia's newest bank. Total assets reached Birr 19.25 billion as of 30 June 2025.
In its first published report as a commercial bank, Siket Bank earned total revenue of ETB 2,721.1 million and net profit of ETB 1,240.3 million, with total assets of ETB 19,253.1 million. Capital adequacy was a strong 56.85%, but Stage 3 non-performing loans of ETB 3,430.4 million represented 28.8% of gross loans.
SourceETB 2.72B
ETB 1.24B
ETB 19.25B
SourceETB 1.48B
Performance
Income statement
| Fiscal year | 2017EC |
|---|---|
| Total Revenue | ETB 2.72B |
| Interest Income | ETB 2.21B |
| Total Expenses | ETB 1.48B |
| Net Profit | ETB 1.24B |
| Non Interest Income | ETB 515.97M |
| Interest Expense | ETB 377.88M |
| Impairment Charges | ETB 758.83K |
| Salary And Employee Benefits | ETB 667.6M |
| Other Operating Expenses | ETB 372.05M |
| Depreciation Amortization | ETB 62.48M |
| Profit Before Tax | ETB 1.24B |
| Income Tax Expense | ETB 0 |
Balance sheet
| Fiscal year | 2017EC |
|---|---|
| Total Assets | ETB 19.25B |
| Total Deposits | ETB 7.58B |
| Total Loans | ETB 11.76B |
| Equity | ETB 9.4B |
| Cash And Equivalents | ETB 2.41B |
| Investment Securities | ETB 1.08B |
| Total Liabilities | ETB 9.86B |
| Paid Up Capital | ETB 6.92B |
Cash flow
| Fiscal year | 2017EC |
|---|---|
| Net Cash From Operating | ETB 729.78M |
| Net Cash From Investing | -ETB 1.16B |
| Net Cash From Financing | -ETB 533.18M |
| Cash At End Of Year | ETB 2.41B |
Financial health
14.0%
6.3%
56.9%
28.8%
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
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Net profit · 2018EC
ETB 29.34B
Dashen Bank
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Net profit · 2018EC
ETB 11.8B
Global Bank Ethiopia
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Net profit · 2017EC
ETB 756.63M
Addis International Bank
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Net profit · 2018EC
ETB 1.35B
Wegagen Bank
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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
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Net profit · 2018EC
ETB 6.14B
Oromia Bank
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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
Shabelle Bank
interest-free-bank
Net profit · 2017EC
ETB 20.95M
Siinqee Bank
private-commercial-bank
Net profit · 2017EC
ETB 3.35B
ZamZam Bank
interest-free-bank
Net profit · 2018EC
ETB 1.07B