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Wegagen Bank Reports Record 3.85B Br Profit, Cites Sector Reforms, Strong Lending Growth

Oct 7 , 2025

Wegagen Bank has posted a record profit before tax of 3.85 billion Br for the 2024/25 fiscal year, marking a 73pc jump from the previous year.

The results, driven by strong lending income, a diversified revenue mix, and tighter cost controls, were described by Board Chairperson Abdishu Hussein as a demonstration of “disciplined growth and strategic execution.”

Addressing shareholders at the Bank’s annual meeting held today, October 7, 2025, at the Addis Abeba Hilton, Abdishu linked the performance to the 8.1pc economic growth and the ongoing financial sector reforms, including foreign exchange liberalisation and the launch of the Ethiopian Securities Exchange (ESX), where Wegagen Bank became one of the first listed institutions.

Deposits climbed 28pc to 66.5 billion Br, while outstanding loans rose 18pc to 53.5 billion Br. The Bank maintained its non-performing loan ratio below the five percent regulatory ceiling. Earnings per share grew to 46.1pc from 36.89pc the previous year, displaying what Abdishu called “sustainable value creation and investor confidence.”

He expressed optimism for continued expansion, citing plans to strengthen digital services, enhance efficiency, and align operations with the evolving financial sector.

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