Business
Interest Income Propels Bank of Abyssinia to 15.85 Billion Birr Profit
Addis Fortune · 2 hours ago · Read the Full Story on Addis Fortune
AI SUMMARY
The Bank of Abyssinia reported a pre-tax profit of 15.85 billion Birr for the 2025/26 fiscal year, driven largely by significant growth in interest income and deposits.
- The Bank of Abyssinia reported a profit before tax of 15.85 billion Birr for the 2025/26 fiscal year, representing a 56.9 percent increase.
- Net profit surged by 58.1 percent to 11.54 billion Birr, raising earnings per share (EPS) to 767 Birr.
- Interest income accounted for 79 percent of the total revenue, which climbed by 41.38 percent to 55.24 billion Birr.
- Deposits grew by 31.1 percent to reach 318.79 billion Birr, while gross loans and financing increased by 28.7 percent to 256.49 billion Birr.
- Total assets reached 381.5 billion Birr, marking a 33.28 percent increase.
- A rights issue priced at 1,600 Birr per share boosted paid-up capital by 16.5 percent to 17.48 billion Birr.
- Digital channels processed 82 percent of all transactions, and foreign currency earnings rose by 45.79 percent to 966.64 million dollars.
- The bank operates 981 branches and employs over 10,500 staff members.
- Shareholders are set to receive 4.97 billion Birr in dividends, representing 33.2 percent of the par value.
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