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Ahadu Lifts Profit, Deposits While Capital Gap Persists


Ahadu Lifts Profit, Deposits While Capital Gap Persists

Ahadu Bank has raised its paid-up capital to 1.13 billion Br, up from one billion Br last year, though it remains far short of the five-billion-birr threshold the National Bank of Ethiopia (NBE) has set for merger eligibility next year. Total capital now stands at 1.5 billion Br. The Bank expanded lending to 2.6 billion Br during the fiscal year, pushing its aggregate loan portfolio to 4.43 billion Br. Management reported firm results across core indicators in a difficult operating climate. Deposits climbed to 7.88 billion Br, a 41pc jump from the previous year. Foreign exchange earnings reached 88.2 million dollars, rising by 10.3pc from the same period. Total income surpassed 2.16 billion Br, buoyed by strong non-interest revenue, particularly from foreign-currency transactions, which soared by 87pc year-on-year. Total assets crossed 10.1 billion Br, marking 57pc growth. Profit before tax hit 502 million Br, a 351pc surge compared to the 2023/24 fiscal year. The Bank added 390,000 customers during the year, lifting its total client base to more than one million across 102 branches as of 2025.

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