Edif reports 1.23 billion birr in half-year revenue

The Ethiopian Deposit Insurance Fund (Edif) has generated 1.23 billion birr in revenue for the first half of the 2025/26 fiscal year. This income stems primarily from returns on treasury bills and Mudarabah savings investments. Edif's investment portfolio surged 128 percent in six months to 19.8 billion birr.

The Ethiopian Deposit Insurance Fund (Edif), established in 2023 to safeguard depositors and ensure financial system stability, has posted robust results for the first half of the 2025/26 fiscal year, ending December 2025. Its revenue of 1.23 billion birr pushed the cumulative total since inception to 2.56 billion birr, fueled mainly by yields from treasury bills and Mudarabah savings, an interest-free profit-sharing mechanism.

The fund's investment portfolio expanded dramatically by 128 percent over six months, reaching 19.8 billion birr. Of this, 18 billion birr is invested in treasury bills, with 1.7 billion birr in Mudarabah placements. Edif also exceeded premium collection targets, gathering more than 3.7 billion birr from member institutions—a 31 percent rise from the previous year. Lifetime premiums now total nearly 18 billion birr.

Breakdowns show 16.2 billion birr from conventional banking and 1.6 billion birr from interest-free operations. Private banks contributed 8.97 billion birr, while the state-owned Commercial Bank of Ethiopia provided 8.6 billion birr. Experts note these figures underscore Edif's swift buildup of financial resources and investment momentum in Ethiopia's evolving banking sector.

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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.

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The Addis Abeba City Administration collected 162.72 billion birr in taxes during the first half of the fiscal year, achieving 92.4% of its target with 95% paid on time. Mayor Adanech Abebe presented these figures to the City Council during its fifth-year, second regular session. The report highlights progress in revenue, spending, and enforcement measures.

SAIB Bank's 2025 results showed strong growth in its loans and credit facilities portfolio, reaching EGP 79.1bn. Total customer deposits rose to EGP 140.6bn, while total assets increased by 15% to EGP 172bn.

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The aggregate balance sheet of banks operating in Egypt's local market, excluding the central bank, climbed to EGP 24.752trn by end-August 2025, driven by household deposits. The Central Bank of Egypt reported a EGP 477bn increase from end-June 2025. This growth highlights the banking sector's resilience amid rising domestic liquidity.

 

 

 

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