Jun 27 , 2026
Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets of 9.1 billion Br and deposits of 7.1 billion Br. It has also shifted 69pc of its transaction volume to digital channels and expanded its network to 546 branches. Chief Executive Officer Yehuala Gessesse said the listing marks a milestone in the bank's growth since its establishment in 2010 with 125 million Br in paid-up capital from 823 founding shareholders. He said the move supports the country's economic reforms by strengthening transparency, corporate governance and competitiveness, while providing shareholders with a regulated trading platform and creating opportunities for future capital raising.
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