Hijra Bank ended its 2024/25 financial year strongly, with profit before tax surging nearly eightfold to 721 million Br amid a credit-starved market. Assets grew by 79 percent to 14.6 billion Br, while earnings per share rose 196 percent to 73.84 Br. Management attributes the success to a disciplined Sharia-compliant model and targeted outreach efforts.
Hijra Bank concluded its 2024/25 financial year with impressive figures that highlight rapid expansion and stability within Ethiopia's strained banking sector. Profit before tax increased almost eightfold to 721 million Br, while total assets rose 79 percent to 14.6 billion Br. Earnings per share climbed 196 percent to 73.84 Br, reflecting the bank's ability to thrive despite market challenges.
Executives point to a rigorous Sharia-compliant operational framework and strategic community engagement as key drivers behind these gains. This performance underscores Hijra Bank's adaptability as a relatively new entrant, navigating a landscape marked by limited credit availability. The results, reported on January 31, 2026, by Fortune staff writer Nahom Ayele, demonstrate the potential of principled banking practices in a tough economic environment.