Overview
Wegagen Bank. Latest authored financials cover FY2025/26 (2018 E.C.), supported by audited annual statements. Consolidated (same basis as the existing 2017 profit series).
Audited consolidated (same basis as the existing 2017 profit series) results for the year ended 30 June 2026: profit after tax of ETB 3.154 billion, up 13.6%; total assets of ETB 111.317 billion. Gross income before funding costs and impairments was ETB 16.364 billion, up 21.4%.
SourceETB 16.36B
ETB 3.15B
ETB 111.32B
SourceETB 12.06B
Performance
Income statement
| Fiscal year | 2008EC | 2009EC | 2010EC | 2011EC | 2012EC | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | ETB 1.53B | ETB 2.14B | ETB 3.09B | ETB 3.21B | ETB 4.42B | ETB 5.01B | ETB 4.99B | ETB 6.96B | ETB 9.76B | ETB 13.48B | ETB 16.36B |
| Interest Income | ETB 1.02B | ETB 1.35B | ETB 2.12B | ETB 2.52B | ETB 3.25B | ETB 3.93B | ETB 4.05B | ETB 5.42B | ETB 7.18B | ETB 8.46B | ETB 11.69B |
| Total Expenses | ETB 1.05B | ETB 1.44B | ETB 2.04B | ETB 2.47B | ETB 3.34B | ETB 4.81B | ETB 4.42B | ETB 5.77B | ETB 7.54B | ETB 9.63B | ETB 12.06B |
| Net Profit | ETB 375.62M | ETB 532.16M | ETB 793.56M | ETB 620.96M | ETB 831.92M | ETB 126.72M | ETB 551.4M | ETB 823.82M | ETB 1.6B | ETB 2.78B | ETB 3.15B |
| Non Interest Income | ETB 508.86M | ETB 798.23M | ETB 971.91M | ETB 690.12M | ETB 1.17B | ETB 1.08B | ETB 938.02M | ETB 1.54B | ETB 2.58B | ETB 5.02B | ETB 4.68B |
| Interest Expense | ETB 342.56M | ETB 466.84M | ETB 752.12M | ETB 1.03B | ETB 1.23B | ETB 1.47B | ETB 1.81B | ETB 1.97B | ETB 2.38B | ETB 3.16B | ETB 4.63B |
| Impairment Charges | ETB 43.79M | ETB 42.64M | ETB 88.78M | ETB 83.21M | ETB 216.25M | — | — | — | — | — | — |
| Operating Expenses | ETB 668.17M | ETB 925.84M | ETB 1.2B | ETB 1.36B | ETB 1.89B | — | — | — | — | — | — |
| Profit Before Tax | ETB 478.5M | ETB 708.14M | ETB 1.05B | ETB 735.14M | ETB 1.08B | ETB 193.12M | ETB 572.28M | ETB 1.19B | ETB 2.22B | ETB 3.85B | ETB 4.31B |
| Income Tax Expense | — | — | — | — | — | — | — | — | — | — | ETB 1.15B |
| Fee And Commission Expense | — | — | — | — | — | — | — | — | — | — | ETB 112.04M |
Balance sheet
| Fiscal year | 2008EC | 2009EC | 2010EC | 2011EC | 2012EC | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ETB 16.19B | ETB 20.95B | ETB 27.39B | ETB 29.77B | ETB 38.16B | ETB 39.66B | ETB 43.12B | ETB 53.49B | ETB 65.73B | ETB 84.67B | ETB 111.32B |
| Total Deposits | ETB 11.87B | ETB 15.62B | ETB 20.51B | ETB 23.55B | ETB 30.09B | ETB 29.58B | ETB 31.79B | ETB 39.89B | ETB 48.42B | ETB 61.65B | ETB 73.52B |
| Total Loans | ETB 7.51B | ETB 10.24B | ETB 14.79B | ETB 16.1B | ETB 23.25B | ETB 26.04B | ETB 28.91B | ETB 38.29B | ETB 43.3B | ETB 51.26B | ETB 64.59B |
| Equity | ETB 2.81B | ETB 3.36B | ETB 3.83B | ETB 4.29B | ETB 5.11B | ETB 5.01B | ETB 5.61B | ETB 6.91B | ETB 9.21B | ETB 12.81B | ETB 17.35B |
| Total Liabilities | — | — | — | — | — | — | — | — | — | — | ETB 93.97B |
| Share Capital | — | — | — | — | — | — | — | — | — | — | ETB 10.09B |
Cash flow
| Fiscal year | 2018EC |
|---|---|
| Net Cash From Operating | ETB 9.82B |
| Net Cash From Investing | -ETB 3.25B |
| Net Cash From Financing | ETB 952.48M |
| Cash And Equivalents End | ETB 22.57B |
Financial health
Competitors
Peer institutions in the same sector, latest fiscal year.
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Net profit · 2017EC
ETB 38.71B
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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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Addis International Bank
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Net profit · 2018EC
ETB 1.35B
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private-commercial-bank
Net profit · 2018EC
ETB 11.54B
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private-commercial-bank
Net profit · 2017EC
-ETB 2.98B
Zemen Bank
private-commercial-bank
Net profit · 2018EC
ETB 6.75B
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private-commercial-bank
Net profit · 2018EC
ETB 2.42B
Cooperative Bank of Oromia
private-cooperative-bank
Net profit · 2018EC
ETB 6.14B
Oromia Bank
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Net profit · 2018EC
ETB 2.84B
Lion Bank (Anbessa)
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Net profit · 2017EC
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Net profit · 2018EC
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Net profit · 2017EC
ETB 2.1B
Ahadu Bank
private-commercial-bank
Net profit · 2017EC
ETB 399.39M
Tsehay Bank
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Net profit · 2017EC
-ETB 271.4M
Sidama Bank
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Net profit · 2017EC
ETB 72.31M
Amhara Bank
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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
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Net profit · 2017EC
ETB 65.53M
Hibret Bank
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Net profit · 2018EC
ETB 4.02B
Hijra Bank
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Net profit · 2017EC
ETB 488.68M
Shabelle Bank
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Net profit · 2017EC
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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