Business News

Zemen Bank grosses 9 billion birr unaudited pre-tax Profit for 2024/2025 F.Y (2017 Ethiopian calendar)

Zemen Bank has reported an impressive profit of 9 billion birr for the recently concluded 2024/2025 (2017 Ethiopian fiscal year), highlighting a significant leap from the 3.3 billion birr registered in 2016 — representing nearly a threefold increase in annual profit.

The bank’s total revenue surged to 14 billion birr, reflecting an 81% increase compared to the previous year.

In a press briefing, CEO Dereje Zebene attributed the outstanding performance to Zemen Bank’s clear strategic direction and the evolving macroeconomic environment.

Another key milestone for the bank was the strengthening of its capital base. Zemen’s paid-up capital rose from 7.5 billion birr in 2016 to over 9 billion birr in 2024/2025 fiscal year, reinforcing investor confidence and supporting its future expansion plans.

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