FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo


May 11 , 2025 . By TIZITA SHEWAFERAW

Siinqee Bank Accelerates Growth, Struggles to Convert Scale into Profit

Siinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impressive profit surge that outshone many peers. Its net profit jumped by 82.7pc during the financial year ending June 30, 2024, displaying a rapid growth trajectory that few o...

May 4 , 2025 . By AKSAH ITALO

Dispute Over Prime Addis Property Ends in Acquittal, Leaves a Trail of Legal Scars

For Temesgen Yilma, a businessman known for running Yilma Butchery, a popular eatery serving raw beef in Adama (Nazareth) before opening an eponymous Yilma Restaurant in Addis Abeba, the past half dozen years felt like slow motion. Every now and then, he shuffled into a packed courtroom to answer charges that seemed to multiply each time prosecutors amended their brief. On paper, he and six codefendants, among them Azeb Mihretab, an Ethiopian American who runs JJ Property Management from North America, were accused of money laundering, breach of trust, illicit banking and an improvised list...


Apr 27 , 2025 . By TIZITA SHEWAFERAW

Sidama Bank's Bold Start into Commercial Banking Meets a Tough Reality

Sidama Bank entered the competitive banking industry in 2022, emerging from microfinance roots with ample capital, limited infrastructure, and ambitious plans to carve a niche among established private banks. Two financial years later, the Bank presents an unusual contrast. It has exhibited rapid asset growth paired with declining profitability, a challenging puzzle facing its President, Tadesse Hatiya, and the board of directors. The broader banking industry has expanded considerably, keeping pace with the country's growing GDP. Private banks collectively reported total assets of 3.3 trill...


Apr 19 , 2025 . By TIZITA SHEWAFERAW

Amhara Bank Grows Fast with Slow Dividends

Amhara Bank's performance in the financial year 2023/24 is an illustration of how newer entrants in the banking industry are racing to catch up with older competitors, both in market position and public perception. Within two years of operation, the Bank has amassed a deposit base and total assets that place it near the front of its generation. Analysts attributed this acceleration to an aggressive yet carefully targeted credit approach, active deposit mobilisation, and a branch network that seems to operate more efficiently than its peers. While private banks across the board have been exp...

News analysis

Apr 6 , 2025

CBE's Profit Soars as Costs Climb, Capital Cushion Thins

The performance of the Commercial Bank of Ethiopia (CBE) in the 2023/24 financial year was one of impressive growth interwoven with deep-seated issues. Marked by substantial increases in profits, asse...

Mar 30 , 2025

Addis Bank Races Ahead, Yet Trails Industry Peers

In an industry characterised by tight liquidity, regulatory pressures, and growing credit risks, Addis International Bank (AdIB) posted robust financial results for the 2023/24 fiscal year, marking it...

Mar 16 , 2025

ZamZam Bank's Profit Soars, But High Liquidity Looms Large

ZamZam Bank demonstrated measured growth and cautious risk management, placing it in a strong position within the niche Sharia-compliant market it pioneered as a fully-fledged interest-free financial...

Mar 9 , 2025

Lion Bank's Profit Roars, but Can It Claw Its Way to the Top?

Lion International Bank's comeback after a difficult stretch during the civil war in the northern part of the country, was remarkable, posting a net profit rise of 61pc from the previous year. Its ear...

Feb 23 , 2025

Bunna Bank's Asset Surge, Credit Jump Cloak Profit Squeeze During Inflation Strain

Bunna Bank, in its 15th year of operation, has posted noteworthy gains in deposits and total assets in the 2023/24 financial year while revealing mounting challenges in profitability, an outcome that...

Feb 16 , 2025

Enat Bank Expansion Bid Strains Profitability Due to Surging Costs

Enat Bank closed its 2023/24 financial year with considerable growth in assets, deposits, and equity, yet it found its profitability under pressure as expenses climbed and took a bite out of margins....

Feb 9 , 2025

Hibret Exhibits Growing Balance Sheet, Thinner Margins, a Precarious Credit Surge

Hibret Bank ended its 2023/24 financial year with a strong performance, reporting total assets of 96.58 billion Br, an increase of 16.95pc from the previous year. However, for analysts following the i...

Global Bank Races for Growth, But Rising Costs Cast a Long Shadow

Global Bank (Ethiopia) ended its 2023/24 fiscal year by treading a narrow line between robust expansion and caution. It displayed a balance of deposit, asset, and lending growth while wrestling with m...

Jan 25 , 2025

Nib Bank Sees Year of Reckoning

Nib International Bank's (NIB) financial results for the 2023/24 fiscal year painted a picture of a financial institution determined to steady its footing despite difficult economic conditions. In an...

Jan 19 , 2025

Coop Bank Battles Profit Slump as Digital Vision Encounters Economic Headwinds

Cooperative Bank of Oromia (Coop Bank) finished a demanding year in 2023/24, holding on to moderate profitability and widening its presence, manifestations of the Bank's strengths and recent struggles...

Jan 12 , 2025

Hijra Bank's Leap of Faith in Soaring Profits Soar as the Industry Tests Newcomers

Hijra Bank's year-end financial report for last year reveals a noteworthy leap in profitability, with a net profit climbing more than four times its previous year's record. Industry observers, aware t...

Dec 29 , 2024

Oromia Bank's Expansion Brings Big Plans, Bigger Costs, Shrinking Profits

Oromia Bank entered its 2023/24 financial year with cautious optimism but delivered a mixed performance as moderate asset growth and deposit gains were tempered by a steep decline in profitability. Th...

Dec 22 , 2024

Abay Bank's Revenue Soars, Profit Margins Feel the Squeeze in Costly Growth Push

Abay Bank has racked up noteworthy expansions in deposits, assets, and overall revenue. Yet its impressive growth trajectory contained some cautionary signals about profitability pressures in an incre...

Dec 15 , 2024

Awash Bank Flows Steady against Industry Currents

Awash Bank's latest financial performance places it squarely at the forefront of the private banking industry. Its 2023/24 results show robust gains in assets, deposits, and profitability, all achieve...

Dec 8 , 2024

Abyssinia's Forex Recovery Beams Despite Pressures on Shareholder Returns

The Bank of Abyssinia's (BoA) financial results for the fiscal year 2023/24 tell a story of growth mixed with rising costs and narrowing returns. However, a particularly notable development came from...

Nov 24 , 2024

Ahadu Bank Finds a Footing, But Policy Cloud Path to Ambition

Ahadu Bank, one of the youngest financial institutions in the market, has made a noteworthy recovery from substantial losses during its founding years, posting a net profit of 90.9 million Br in the f...


Most read

Columns

Commentaries | Jul 12,2025

The Cost of Capital Is a Public-Health Emergency for Africa

Life Matters |

Lessons in Bureaucracy

My Opinion | Jul 13,2025

The City That Refuses to Hear Itself

Sunday with Eden | Jul 12,2025

Half a Century of Impact

Agenda | Jul 13,2025

Brewing Trouble as Tella Bars Go Dry

Editorial | Jul 12,2025

Legal, Policy Volatility Turns Promises into Headwinds


         ADVERTISEMENT

Read More

Legal, Policy Volatility Turns Promises into Headwinds

Political leaders and their policy advisors often promise great leaps forward, yet they fr...

Editorial | Jul 12 , 2025

Apparel Market Struggles Beneath a Second-Hand Deluge

Each June, Addis Abeba's high-altitude chill arrives with afternoon downpours, soaking sch...

Featured | Jul 6 , 2025 . By RUTH BERHANU

Brewing Trouble as Tella Bars Go Dry

The sweet-sour scent of "tella" still lingered in the cramped compound off Tunisia Street...

Agenda | Jul 13 , 2025 . By BEZAWIT HULUAGER

Revenues Bureau Targets Landlords in Revenue Push

The Addis Abeba City Revenue Bureau has introduced a new directive set to reshape how half...

Fortune News | Jul 13 , 2025 . By YITBAREK GETACHEW