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Press Release

Aug 19 , 2025.

Addis Fortune Launches the Second Edition of Fortune Finance. Unveiling Ethiopia’s Banking Realities Beyond the Numbers

Addis Abeba, Ethiopia. Independent News & Media Plc proudly announces the release of the second edition of Fortune Finance, Ethiopia’s most authoritative annual review of the banking industry.

With profits on the rise but risks gathering on the horizon, this edition takes readers deep into the financial undercurrents shaping the future of Ethiopia’s lenders.

The headline feature, “Profit Alone Won’t Shield Banks from Gathering Storms,” sets the tone. While the industry reported robust profits in the 2023/24 fiscal year, challenges in capital adequacy, liquidity, and cost management revealed an industry under pressure.

What’s Inside the Second Edition

  • The Composite Performance Index: A data-rich, 17-metric ranking system benchmarking all commercial banks across profitability, efficiency, risk exposure, and resilience.

  • Bank Spotlights: Abyssinia’s dramatic forex recovery, Abay Bank’s soaring revenue despite shrinking margins, Addis International’s breakout year, and Wegagen’s bold digital leap.

  • Sector-Wide Trends: Ethiopia’s banking assets nearing 3.3 trillion Br, deposits approaching 2.5 trillion Br, and loan-to-deposit ratios averaging 78pc, alongside the mounting challenge of thin capital buffers.

  • Digital Transformation: Stories of innovation, from instant lending apps to payday advances, as banks channel resources into cybersecurity and customer convenience.

    • Why This Matters?

    With over 12,000 branches nationwide, the banking industry is both expanding and consolidating. The magazine captures the strategic choices and risks that will determine who thrives in a rapidly changing financial sector. From the strength of giants like the state-owned Commercial Bank of Ethiopia (CBE) and Awash Bank to the bold experiments of new entrants, Fortune Finance offers clarity on the industry’s direction.

     

    A Must-Read for Decision-Makers

    The second edition is designed for policymakers, regulators, CEOs, researchers, and investors seeking a sharp and data-driven lens on the state of Ethiopia’s financial system. By weaving hard numbers with compelling stories, Fortune Finance delivers more than a snapshot. It offers perspective at a crucial moment for the industry.

    Tamrat G. Giorgis, Managing Editor, remarked:

    “Profits alone will not insulate banks from the structural challenges ahead. This edition unpacks both the resilience and the vulnerabilities that will define the next chapter of Ethiopia’s financial sector.”

    The magazine is available in print and digital formats through online subscription.

    About Independent News & Media Plc

    Publisher of Addis Fortune and Fortune Finance, Independent News & Media Plc is a leading economic journalism house for over a quarter of a century, committed to delivering credible, analytical, and timely reporting on the economy, business, and society.

    Media Contact:

    Independent News & Media Plc

    Email: advertfortune@gmail.com | Tel: +251-11-416-3020


    PUBLISHED ON Aug 19,2025 [ VOL 26 , NO 1321]

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