Business
ZamZam Bank Reports 1.07 Billion Birr Net Profit for 2018 Fiscal Year
The Reporter (Amharic) · 3 hours ago · Read the Full Story on The Reporter (Amharic)
AI SUMMARY
ZamZam Bank announced a net profit of 1.07 billion Birr for the 2025/26 fiscal year, becoming the first interest-free bank in Ethiopia to surpass one billion Birr in net earnings.
- ZamZam Bank achieved a net profit of 1.07 billion Birr for the 2025/26 fiscal year.
- The bank reported a pre-tax profit of 1.56 billion Birr, marking a 26.5 percent increase compared to the previous fiscal year.
- ZamZam Bank is the first interest-free financial institution in Ethiopia to exceed one billion Birr in net profit.
- Total deposits reached 20.4 billion Birr, reflecting an 80.8 percent and 9.4 billion Birr increase.
- Annual revenue grew by 39 percent to reach 3.07 billion Birr.
- The bank's total assets reached 29.24 billion Birr.
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