Overview
Private commercial bank authorized to commence banking operations on 30 June 2022 and inaugurated on 23 July 2022. Total assets reached Birr 8.38 billion as of 30 June 2025.
Revenue grew 33.7% to ETB 1,032.7 million, but total expenses of ETB 1,304.1 million produced a net loss of ETB 271.4 million; total assets reached ETB 8,379.9 million and the NPL ratio stood at 1.78%.
SourceETB 1.03B
-ETB 271.4M
ETB 8.38B
SourceETB 1.3B
Performance
Income statement
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Revenue | ETB 64.77M | ETB 92.14M | ETB 772.52M | ETB 1.03B |
| Interest Income | ETB 7.98M | ETB 66.92M | ETB 327.51M | ETB 653.79M |
| Total Expenses | ETB 77.16M | ETB 578.55M | ETB 953.99M | ETB 1.3B |
| Net Profit | -ETB 6.38M | -ETB 333.62M | -ETB 106.91M | -ETB 271.4M |
| Share Sales | ETB 56.69M | — | — | — |
| Other Income | ETB 34.21K | — | — | — |
| Exchange Gain | ETB 59.45K | — | — | — |
| Finance Costs | ETB 1.69M | — | — | — |
| General And Admin Expenses | ETB 75.46M | — | — | — |
| Profit Before Tax | -ETB 12.39M | -ETB 486.42M | -ETB 181.47M | -ETB 271.4M |
| Income Tax Recoverable | ETB 6.01M | ETB 152.8M | ETB 74.56M | ETB 0 |
| Non Interest Income | — | ETB 25.21M | ETB 445.01M | ETB 378.89M |
| Interest Expense | — | ETB 35.78M | ETB 159.29M | ETB 417.49M |
| Impairment Losses | — | ETB 11.1M | ETB 14.73M | ETB 20.25M |
| Non Interest Expense | — | ETB 531.68M | ETB 779.96M | ETB 866.34M |
Balance sheet
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Assets | ETB 810.23M | ETB 3.52B | ETB 6.18B | ETB 8.38B |
| Equity | ETB 727.59M | ETB 932M | ETB 1.13B | ETB 1.02B |
| Total Deposits | — | ETB 2.2B | ETB 3.92B | ETB 5.02B |
| Total Loans | — | ETB 1.06B | ETB 2.51B | ETB 3.46B |
Financial health
—
—
—
1.8%
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
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
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
Siket Bank
private-commercial-bank
Net profit · 2017EC
ETB 1.24B
ZamZam Bank
interest-free-bank
Net profit · 2018EC
ETB 1.07B