Amhara bank returns to profit as growth accelerates

Amhara Bank reported a pre-tax profit of 1.15 billion birr in the first five months of the current fiscal year, reversing a previous loss. This turnaround stems from strategic efforts in wealth accumulation, digital transformation, and careful credit management.

Amhara Bank achieved a pre-tax profit of 1.15 billion birr over the first five months of the current fiscal year, overturning a loss of 910.2 million birr from the same period last year. The institution recorded 3.55 billion birr in revenue during this time.

Total deposits climbed to 35.8 billion birr by November, marking an 82 percent increase and adding 4.29 billion birr in just five months. Foreign exchange earnings jumped to 76.58 million dollars, a 313 percent rise year-over-year. Loans and advances expanded by 53.8 percent to 31.3 billion birr.

The bank lowered its non-performing loan ratio to 4.06 percent, down from 12.9 percent in the prior November. Its customer base grew to 2.68 million, incorporating 591,884 new clients. These improvements reflect the bank's emphasis on building reserves, advancing digital services, and maintaining disciplined lending practices.

Makala yanayohusiana

Global Bank Ethiopia has achieved the National Bank's minimum capital requirement of five billion birr through new share sales and subscriptions. Total revenue increased to 5.56 billion birr from 4.05 billion birr the previous year, reflecting robust financial performance. The growth was primarily fueled by interest income from loans.

Imeripotiwa na AI

The Cooperative Bank of Oromia saw strong deposit growth outpacing competitors in the 2024/25 financial year. However, net profit dipped slightly to 1.56 billion birr from 1.61 billion birr the prior year, highlighting challenges in profitability.

The Central Bank of Egypt reported that the net foreign assets of the banking sector rose to about $23.732 billion in November 2025, up from $22.656 billion in October. This marks a $1.1 billion increase, or 5% monthly growth. The upward trend in net foreign assets has continued for the sixth consecutive month.

Imeripotiwa na AI

One month after initial appreciation driven by central bank efforts, the Ethiopian birr continues to hold steady, with commercial banks aligning their strategies to support currency resilience, according to Addis Fortune.

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