Business
Dashen Bank Profit More Than Doubles to 15.2 Billion Birr as Assets Hit 350 Billion
BirrMetrics · 3 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Dashen Bank reported a 127.6 percent increase in profit before tax to 15.2 billion birr for the financial year ended June 30, 2026, driven by higher revenue and deposit growth.
- Profit before tax for the financial year ended June 30, 2026, increased by 127.6 percent to 15.2 billion birr.
- Total revenue rose 49.2 percent to 46.9 billion birr.
- Total assets expanded 37.4 percent to reach 350 billion birr.
- Customer deposits climbed 36.9 percent to 280 billion birr, an increase of 75.4 billion birr.
- Gross loans and advances grew 24 percent to 165.4 billion birr.
- The bank generated more than 1.4 billion US dollars in foreign currency during the year.
- The Dashen Super App processed over 29.4 million transactions worth more than 309 billion birr.
- The total customer base surpassed 9 million after adding 1.35 million customers during the year.
- The bank operated a network of 900 branches, 1,206 automated teller machines, and 4,081 point-of-sale channels.
- Dashen allocated 200 million birr to community development and environmental protection programmes.
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