Overview
Zemen Bank. Latest authored financials cover FY2025/26 (2018 E.C.), supported by audited annual statements. Bank-only.
Audited bank-only results for the year ended 30 June 2026: profit after tax of ETB 6.754 billion, up 15.1%; total assets of ETB 116.547 billion. Gross income before funding costs and impairments was ETB 17.883 billion, up 24.1%. Audited pre-tax profit is ETB 9.302 billion, replacing the July unaudited gross-profit estimate of ETB 10.2 billion.
SourceETB 17.88B
ETB 6.75B
ETB 116.55B
SourceETB 8.58B
Performance
Income statement
| Fiscal year | 2010EC | 2011EC | 2012EC | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | ETB 1.14B | ETB 1.58B | ETB 2.15B | ETB 2.87B | ETB 4.11B | ETB 5.74B | ETB 7.77B | ETB 14.41B | ETB 17.88B |
| Interest Income | ETB 712.41M | ETB 1.02B | ETB 1.46B | ETB 1.79B | ETB 2.43B | ETB 4B | ETB 5.35B | ETB 7.02B | ETB 10.15B |
| Total Expenses | ETB 793.4M | ETB 947.11M | ETB 1.15B | ETB 1.57B | ETB 2.09B | ETB 3.24B | ETB 4.45B | ETB 6.2B | ETB 8.58B |
| Net Profit | ETB 271.02M | ETB 483.77M | ETB 739.12M | ETB 952.68M | ETB 1.48B | ETB 1.81B | ETB 2.39B | ETB 5.87B | ETB 6.75B |
| Non Interest Income | ETB 423.31M | ETB 567.92M | ETB 683.35M | ETB 1.08B | ETB 1.68B | ETB 1.75B | ETB 2.42B | ETB 7.39B | ETB 7.74B |
| Interest Expense | ETB 441.73M | ETB 531.24M | ETB 593.38M | ETB 743.48M | ETB 938.26M | ETB 1.37B | ETB 1.71B | ETB 2.25B | ETB 3.57B |
| Profit Before Tax | ETB 342.32M | ETB 635.86M | ETB 998.34M | ETB 1.3B | ETB 2.02B | ETB 2.5B | ETB 3.32B | ETB 8.21B | ETB 9.3B |
| Income Tax Expense | ETB 71.3M | ETB 152.09M | ETB 259.22M | ETB 344.28M | ETB 543.22M | ETB 687.93M | ETB 925.88M | ETB 2.34B | ETB 2.55B |
| Fee And Commission Expense | — | — | — | — | — | — | — | — | ETB 65.94M |
Balance sheet
| Fiscal year | 2010EC | 2011EC | 2012EC | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ETB 12.44B | ETB 14.69B | ETB 18.5B | ETB 25.15B | ETB 35.12B | ETB 47.78B | ETB 59.2B | ETB 88.6B | ETB 116.55B |
| Total Deposits | ETB 10.22B | ETB 11.63B | ETB 14.42B | ETB 18.99B | ETB 26.87B | ETB 36.87B | ETB 43.09B | ETB 64.44B | ETB 84.85B |
| Total Loans | ETB 5B | ETB 7.61B | ETB 9.75B | ETB 14.03B | ETB 21.12B | ETB 31.39B | ETB 35.63B | ETB 41.53B | ETB 51.73B |
| Equity | ETB 1.7B | ETB 2.33B | ETB 3.12B | ETB 4.48B | ETB 6.26B | ETB 8.48B | ETB 12.26B | ETB 18.43B | ETB 25.96B |
| Total Liabilities | — | — | — | — | — | — | — | — | ETB 90.59B |
| Share Capital | — | — | — | — | — | — | — | — | ETB 14.29B |
Cash flow
| Fiscal year | 2018EC |
|---|---|
| Net Cash From Operating | ETB 14.12B |
| Net Cash From Investing | -ETB 1.02B |
| Net Cash From Financing | ETB 951.64M |
| Cash And Equivalents End | ETB 50.3B |
| Fiscal year | Dividend declared | Per share (ETB) | Payout ratio |
|---|---|---|---|
| 2010EC | ✓ | — | — |
| 2011EC | ✓ | — | — |
| 2012EC | ✓ | — | — |
| 2013EC | — | — | — |
| 2014EC | — | — | — |
| 2015EC | — | — | — |
| 2016EC | — | — | — |
| 2017EC | — | — | — |
| 2018EC | — | — | — |
Financial health
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
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
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