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

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...