Abay Bank's Paid-up Capital Surges, Battles Liquidity Hurdles


Abay Bank's Paid-up Capital Surges, Battles Liquidity Hurdles

The third-generation Abay Bank has solidified its position with marked growth in paid-up capital of 6.01 billon Br, showing a 27pc surge from the previous year. It registered revenues of 8.4 billion Br, marking a 19pc increase while its assets soared by 21pc to reach 66.4 billion Br. However, the bank's net profit showed a nominal decline to 1.5 billion Br, shrinking by 3pc, while earnings per share declined to 280 Br. With over 3.5 million customers, deposits have surged by a whooping 26pc to 52.6 billion Br. Despite the bank being tested by liquidity hurdles due to the 14pc credit cap put on by the Central Bank, total loan portfolio stood at 41.7 billion Br. The bank incurred a total expense of 6.4billion birr, making a 30pc  increase from the previous year. Amlaku Asres (PhD), board chairman, pointed to the domestic and international challenges affecting banking activities while the emergence of new technologies has created opportunity for the bank to test new waters. Yehuala Gesese, presidant of the Bank, noted that the bank has formed new strategies where rebranding the bank has played a crucial part. He added that that expanding digital services through internet and mobile banking services has played a role in bank’s growth.

[ssba-buttons]

Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...