Sidama Bank closed the fiscal year ending June 2025 with a net profit of 126.9 million Br, marking a 77.2pc rise from the previous year’s 71.6 million Br. The young third-generation bank stands out in a crowded field where many peers are still struggling to build scale and customer trust. It mobilised 2.45 billion Br in fresh deposits during the year, lifting total deposits to 3.67 billion Br, one of the strongest performances in its category, according to industry observers. The figures were presented during the bank’s general assembly at Skylight Hotel last week. Bank President Tadesse Hatiya praised the momentum, noting that Sidama Bank opened 10 new branches over the year, raising its network to 49. Management also pointed to increasing investment in digital channels. The bank expanded the rollout of service terminals and boosted transaction capacity across its platforms. Cardholders have reached fourteen thousand, while nearly twenty-six thousand customers are now active on mobile banking.

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