Business

Ahadu Bank Hits 1.07 Billion Birr Pre-Tax Profit As Revenue Grows

BirrMetrics · 13 hours ago · Read the Full Story on BirrMetrics

AI SUMMARY

Ahadu Bank reported a pre-tax profit of 1.07 billion birr for the 2025/26 fiscal year, marking a significant turnaround with a 113.1 percent increase over the previous year.

Ahadu Bank reported a pre-tax profit of 1.07 billion birr for the 2025/26 fiscal year, a 113.1 percent increase year-over-year.
Total revenue reached 3.2 billion birr, representing a 48 percent increase.
Net profit reached 784.2 million birr.
Total assets stood at 14.32 billion birr, with paid-up capital at 1.24 billion birr and total capital at 2.34 billion birr.
Total deposits reached 10.47 billion birr, consisting of 54.4 percent regular deposits, 34.3 percent demand savings, and 11.3 percent time deposits.
The bank disbursed 2.8 billion birr in loans during the fiscal year, bringing total cumulative loans to 7.14 billion birr.
Of the total loans, 93.4 percent are classified as healthy, 2 percent as non-performing, and 4.5 percent as requiring special attention.
Foreign currency earnings reached 121.3 million US dollars, an increase of 33 million US dollars compared to the previous year.
Total liabilities were 11.99 billion birr, accounting for 83.7 percent of total assets.
The bank operates 107 branches, serves 1.3 million customers, and employs 968 workers.
Ahadu Bank purchased a 17-storey building and launched two digital applications named Ahadu LeKulu and Mahder.
The bank is preparing a prospectus to attract investors and participate in the capital market.
Commencing operations in 2022, the bank initially incurred losses before shifting to profitability through rapid branch expansion and digital strategy.

Read the Full Story on BirrMetrics

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