Lion International Bank (LIB) achieved its strongest performance in the 2024/25 financial year despite ongoing challenges. Assets grew by 25 percent to 54 billion birr, while gross profits nearly doubled to 1.8 billion birr. The bank is shifting from recovery to scalable growth amid wartime impacts in Tigray Regional State.
Lion International Bank (LIB), a mid-tier lender long overshadowed by larger competitors, quietly achieved its strongest performance in the 2024/25 financial year. Assets increased by 25 percent to 54 billion birr, and gross profits nearly doubled to 1.8 billion birr. These gains come despite challenges from wartime disruptions.
The bank's operations and financed factories in Tigray Regional State suffered significant damage during the conflict. LIB's leadership has announced a phase of reimagining, transitioning from recovery efforts to pursuing scalable growth. This strategic shift aims to position the bank for long-term expansion in Ethiopia's competitive banking sector. The results highlight LIB's resilience amid ongoing headwinds, demonstrating effective management of adversity.