Economy
Oromia Bank’s Profit Jumps 49% Despite Forex and Fee Declines
BirrMetrics · 2 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Oromia Bank reported a 49 percent increase in pre-tax profit to 3.82 billion birr for the 2025/26 fiscal year, driven by a surge in local income and controlled expenses despite sharp declines in foreign currency mobilisation and fee-based revenue.
- Oromia Bank reported a 49 percent increase in pre-tax profit to 3.82 billion birr in the 2025/26 fiscal year.
- Foreign-currency mobilisation declined nearly 20 percent to 262.65 million US dollars.
- Inward foreign-currency transfers plunged 69.09 percent, while export proceeds dropped 31.9 percent.
- Fee and commission income fell 19 percent to 2.45 billion birr.
- Other local income surged 213 percent to 1.89 billion birr.
- Interest income from loans and advances reached 10.05 billion birr, accounting for two-thirds of total income.
- Total expenses increased 17 percent to 11.42 billion birr, while total income grew 23 percent to 15.24 billion birr.
- Net profit after tax reached 2.84 billion birr, representing a 44 percent increase.
- Earnings per share rose to 386 birr from 297 birr, while return on equity edged down to 37.5 percent.
- Total assets and total deposits both increased by 24 percent, reaching 105.7 billion birr and 88.1 billion birr respectively.
- Outstanding loans and interest-free banking financing grew 28 percent to 56.2 billion birr.
- Paid-up capital increased 14 percent to 7.8 billion birr, bringing total capital to 14 billion birr.
- The non-performing loan ratio stood at 2.43 percent, remaining below the regulatory ceiling of five percent.
- The financial figures were disclosed on October 10, 2026, during the bank's 17th Ordinary and 6th Extraordinary General Meetings of Shareholders.
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