Awash Bank achieves strong performance in challenging economic times

February 12, 2026

Reported by AI

Awash Bank has reported an “extraordinary performance” in the 2024/25 financial year amid a sharp monetary reset. Deposits grew to 358.4 billion birr by June 30, 2025, marking a 54 percent increase from the previous year. For the first time, the bank generated more than two billion dollars in foreign exchange.

Awash Bank positions itself as a leading player in Ethiopia's private banking sector. Its billion-birr balance sheet is built on reliable results, even as the financial landscape shifts under new monetary policies.

In the 2024/25 financial year, the bank's deposits reached 358.4 billion birr as of June 30, 2025, reflecting a 54 percent rise from the year before. Savings accounts comprised more than half of the total, while demand deposits accounted for a little over a third.

Amid double-digit inflation, a depreciating birr, and a stricter policy environment, Awash Bank generated more than two billion dollars in foreign exchange for the first time. The bank's chairman described this as an “extraordinary performance.” These figures were reported by Fortune staff writer Bezawit Huluager on February 15, 2026.

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