NEWS: NBE Removes Credit Cap, Reduces FX commission rate, Raises Policy Rate Amid Inflation Pressure
NEWS: Ethiopia Exports Hit Record USD 10.7bn, Beating Target by 14%
NEWS: OLA Energy Acquires Nearly 120 TotalEnergies Stations in Ethiopia
NEWS: CBE Reports Birr 80bn Profit as Deposits Top Birr 2.4tn
NEWS: Ethiopia Exceeds USD 3bn Coffee Export Target Within Fiscal Year
NEWS: IMF Approves USD 464m Ethiopia Disbursement as ECF Support Hits USD 2.65bn
NEWS: Awash Bank Posts Birr 40.7bn Profit After ESX Listing
NEWS: Ethiopia Flags 374,229 Non-Compliant Businesses After 2.89m Inspections
NEWS: Dangote Signs USD 400m XCMG Deal for Refinery Expansion
NEWS: Ethiopia’s 100,000 EVs Push Insurers Toward Risk-Based Pricing
News - Financial

FX Volatility Hits Some Banks as Sector Still Records ETB 91 Billion Profit

Feb 10, 2026
FX Volatility Hits Some Banks as Sector Still Records ETB 91 Billion Profit
  • Ethiopia’s banking sector posted a combined profit of 91.06 billion birr in the first half of the fiscal year. 

  • Profits followed currency liberalisation that lifted sector earnings. 

  • Some banks incurred foreign exchange losses due to high FX exposure. 

  • Results varied widely by risk profile and balance sheet position

Why it matters?
Bank profitability aggregates indicate overall sector performance mid-year 2026, while foreign exchange losses signal risk exposures tied to recent currency reforms, affecting banks’ balance sheets and financial stability.