Most banks in Ethiopia are releasing their annual report for 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We have compiled this report and estimated the figures of remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports. The following table will be adjusted whenever new and verified information is available.
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Newly formed banks which are providing regular and interest free banking services as well as saving and credit associations which were providing micro finance services that grew into a bank will release their financial report for the first time as a bank. Other banks which started their operations in the current fiscal year will release their financial report next year after June 2023 (ሰኔ 2015). Newly formed banks are Amhara Bank, Ahadu Bank, Tsehay Bank, Goh Betoch Bank, ZamZam Bank, Gadaa Bank and Hijira Bank while micro finance institutions that grew into a bank include Tsedey Bank, Siinqee Bank, Shabelle Bank, Omo Bank and Sidama Bank.
Legend
- [f/መ] – Final audited report by the bank / የመጨረሻ ባንኩ እራሱ ወይም ሌላ የዜና ተቋም ረፖርት ያደረገው
- [r/ሪ] – Unaudited draft report by the bank / በሶስተኛ ወገን ምርመራ ያልተረጋገጠ ባንኩ እራሱ ወይም ሌላ የዜና ተቋም ረፖርት ያደረገው
- [e/ግ] – Estimation by our team / ግምት
- [1st/፩ኛ] – First year of operation / ስራ ከጀመረ የመጀመርያው ሪፖርት
- [b/ተ] – Before other deductables / ከሌሎች ተቀናሾች በፊት
| Rank / ደረጃ | Bank / ባንክ | Gross Profit / ያልተጣራ ትርፍ | Profit After Tax (Net Profit / Earning) in Ethiopian Birr / የተጣራ ከግብር ቦኃላ ትርፍ በኢትዮጵያ ብር | Reference / ማስታወሻ |
| 1 | Commercial Bank of Ethiopia (CBE) | 27.5 bln [r,b] | ||
| 2 | Awash Bank | 7.45 bln [f] | 5.34 bln [f] | |
| 3 | Abyssinia Bank | 4.6 bln [f] | 3.2 bln [f] | |
| 4 | Dashen Bank | 3.8 bln [f] | 2.9 bln [f] | |
| 5 | Cooperative Bank of Oromia | 2.84 bln [f] | 2.04 [f] | |
| 6 | Zemen Bank | 2.01 bln [f] | 1.47 bln [f] | |
| 7 | Hibret Bank | 1.88 bln [f] | 1.09 bln [f] | |
| 8 | Nib International Bank | 1.76 bln [f] | 1.34 bln [f] | |
| 9 | Oromia Bank | 1.52 bln [f] | 1.2 [f] | |
| 10 | Abay Bank | 1.3 bln [f] | 933.6 mln [f] | |
| 11 | Bunna Bank | 1.19 bln [f] | 881.36 mln [f] | |
| 12 | Berhan Bank | 583.4 mln [f] | 478.5 mln [f] | |
| 13 | Wegagen Bank | 572 [f] | 551.34 [f] | |
| 14 | Addis International Bank | 472.8 [f] | 344.9 [f] | |
| 15 | Enat Bank | 377 mln [f] | 185 mln [f] | |
| 16 | Debub Global Bank | 370 mln [f] | 277.1 mln [f] | |
| 17 | Lion (Anbessa) International Bank | 310.6 mln [f] | 268.8 mln [f] | |
| 18 | Goh Betoch Bank | 7.9 mln [f] | 7.9 mln [f] | |
| 19 | Hijira Bank | -143 mln [f] | -143 mln [f] |
If you want to view a more detailed report with additional fields such as Capital, Assets, Income, Expense, EPS, Number of branches and other details, check out the following article-> Best Banks in Ethiopia for 2022/2021 Budget Year – Compare and Find the Top Banks in Ethiopia by Profit, EPS, Paid-up and Total Capital, Income, Expense, Total Loans and Advances, Total Deposit, Number of Branches, Employees and Account Holders
If you have any suggestion regarding the above report, send us an email on [email protected] or write a comment below this article.
Sources: Official Bank Statements
US Dollar(USD)
Euro(EUR)
Pound Sterling(GBP)
UAE Dirham(AED)
Saudi Riyal(SAR)
Hi there, i appreciate your reporting about businesses in Ethiopia. However, your estimates about banks’ profit is completely inappropriate, because it is out of pure guess- without any leading information. You have been hundreds millions of birrs away from actual profits. i think it is better to report what is reported by banks – to maintain your credibility.
Dear Eyasu,
Thank you for your valuable feedback. Our estimates are not actually without any leading information. We use half-year or quarter-year reports to make our estimations. You can check out the 2022/2021 half year report here -> https://addisbiz.com/business-news/2736-private-banks-continue-their-profitability-for-half-of-2022-2021-fiscal-year/. We also receive information from industry insiders. If you have any information regarding any of those banks, please send us an email or provide your feedback here.
Good job, keep it up. Estimate is estimate and it may move up or down. Key is to provde the” cake while it is hot”. Please include also other key parameter estimate like capital, deposit, estimate EPS, every thing is utomst estimate that is liable to change thourgh time based on the dàta found. Cheers! I can be reached on : [email protected]
I think the report is good…. congratulations for those Banks that achive thier plan in this difficult time in the country….Bank of Abyssinia makes me amaizing progress kepp it gone ….the service and the product that the bank provides for us is nice ….
your Job is Much appreciated. information is power. As far as I know, You are giving the possible latest information than any site else in this sector.
I am not clear WHY most banks are reluctant to give early information about the report to shareholders & industry followers. National Bank should give instruction or rule to have REPORTS EARLY TO BE FLOATED.
Dear Ashebir,
That sounds like a good idea. Maybe make all share companies release quarterly report.
Please can we get more updated data. Also includes the new entrants banks if possible. We also wonder if we get same update in insurance complanies as well. Thanks
Dear Teshome,
We have added data for Goh Betoch Bank. We will publish an article regarding insurance companies profit in the next 3-5 days.
Thanks s lot for such an early report based on various factors. As a share holder of Nib International Bank, I would love to hear an early report. I approached the share department, they told me they can’t tell me anything about the previous year performance of the bank, the Bank advised me to wait until after general assembly meeting the share holders, toward the end of the year.
Great to see my Bank is somewhere in the middle and good to see the profit reported.
Thank you Very much.
Dear Henok,
Thanks for the feedback. You are right, all of the banks and insurance companies provide actual figures after the general assembly which is usually around November and December. We will have to wait until then to get actual financial report.
OK dears, the Timely release of Reports shall be one of the criteria to be governed by the policy maker National bank. Comment for National Bank.
Till now no any information about Gross Profit before Tax for the following banks?
12. Abay Bank
13. Lion (Anbessa) International Bank
14. Berhan Bank
15. Addis International Bank
16. Enat Bank
17. Debub Global Bank
Hi,
Official financial report will be released around December.
Any futher update please. Need to know the EPS and actual profits for the rest of your estimate.
Dear Teshome,
We will update the page once we get the official financial reports which is usually released starting from December.
if possible please need to know the gross rate(percentage) with relative to previous year.
Hi,
You can try checking the EPS column of last year’s performance. https://addisbiz.com/business-news/2662-annual-report-for-financial-performance-of-ethiopian-banks-for-2021-2020-g-c-2013-e-c-budget-year/. It is a good indicator of the dividend.
I really appreciate the way you provide information regards to the banking sector.As far as i know, you are the only credible source of information related to the banking sector and what i would like to comment you are better to provide quarterly reports of the banks, Earning per share of each bank.
Respect
No audit reports (2021/22) for Oromia Cooperative Bank, Bunna Bank and Abyssinia Bank as yet? Or are we not being informed online?
https://addisbiz.com/business-news/4212-best-banks-in-ethiopia-for-2022-2021-budget-year/
My comment refers to the phrase about the web site. The word “dehre Gets”. Dehre means after, shows happening of an event. So the right word for your website shall be ” dre”, not dehre. Dre is a derivative from Dir which means web.
sorry I did not write it in Amharic.