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Abay Bank Records Historic 4.2 Billion Birr Profit in 2024/25 Fiscal Year

Abay Bank has achieved the highest profit in its history, announcing a record 4.2 billion birr in earnings during the completed 2024/25 fiscal year. The announcement was made at the Bank’s 16th Regular and 8th Extraordinary Shareholders’ Meeting, held on November 15, 2025, at the Inter Luxury Hotel in Addis Ababa.

Unprecedented Annual Performance

In the performance report presented by the Board Chairman, Dr. Amlaku Asres, the Bank celebrated a year of exceptional growth across all major financial indicators.
He highlighted that the Bank’s profit grew by 116% compared to the previous year, reflecting Abay Bank’s strategic discipline and operational strength. The Bank also saw its total income rise by 58 percent, further solidifying its position as one of Ethiopia’s fast-growing financial institutions.

Strong Deposit Mobilization and Capital Growth

Customer deposits showed remarkable progress, climbing 36.7% year-on-year to reach 71.9 billion birr.
In addition, the Bank reported that its paid-up capital surged by 17%, reaching 7 billion birr, a milestone that reinforces Abay Bank’s long-term competitiveness and financial resilience.

Dr. Amlaku noted that the Bank’s effort to refine customer data and retain profitable accounts contributed to a substantial customer-base expansion. The Bank now serves 3.6 million customers, while total loans and advances surpassed 49.9 billion birr.

Digital Transformation Driving Efficiency

Technology investment remained a core priority for Abay Bank.
According to the report, 69% of all transactions during the fiscal year were processed through digital channels—demonstrating the Bank’s commitment to modernizing service delivery and enhancing customer experience.

Improved system performance, upgraded IT infrastructure, and a strong push toward digital banking have positioned Abay Bank as a leader in Ethiopia’s ongoing financial modernization.

Commitment to Future Growth

Dr. Amlaku emphasized that the Bank’s future strategy will focus on building upon its historic achievements. The priorities include:

Enhancing operational efficiency
Expanding high-quality service delivery
Strengthening institutional capacity
Continuing digital and technology-led innovations

He extended appreciation to the Bank’s employees for their dedication, customers for their continued trust, shareholders for their confidence, and the National Bank of Ethiopia for its reform agenda aimed at stabilizing and strengthening the financial sector.

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Abay Bank Records Historic 4.2 Billion Birr Profit in 2024/25 Fiscal Year

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