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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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Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


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ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...