Business

Abyssinia Bank’s Profit Surges 56.91 Percent to Top 15 Billion Birr

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Abyssinia Bank announced a 56.91 percent surge in gross profit, exceeding 15 billion birr for the 2025/26 fiscal year.

Abyssinia Bank reported a gross profit of over 15 billion birr for the 2025/26 fiscal year, marking a 56.91 percent increase.
The announcement was made at the bank's 30th regular shareholders' meeting and 17th extraordinary general assembly on October 10, 2026.
Net profit after tax exceeded 11.5 billion birr, with total revenue reaching 55.24 billion birr and total expenses at 39.39 billion birr.
Deposits rose by 31.1 percent to total 318.79 billion birr, with savings accounts comprising 63.12 percent.
The bank serves 12.84 million customers and operates 981 branches nationwide supported by 1,761 ATMs and over 6,045 POS terminals.
Loans and advances, excluding interest-free banking, reached 248 billion birr, up 54.6 billion birr from the previous year.
Foreign currency earnings reached 966.64 million US dollars, representing a 45.79 percent increase.
The interest-free banking service serves over 2.25 million customers with deposits growing to approximately 40.8 billion birr.
Total assets stood at 381.50 billion birr and total capital reached 39.51 billion birr, with paid-up capital rising to 17.48 billion birr.