• Bank of Abyssinia’s total deposits exceeded 300 billion birr in early 2025/26. 

• At end of 2024/25, deposits were 243.2 billion birr. 

• Total assets stood at 286.2 billion birr as of June 30, 2025. 

• Net profit was 7.3 billion birr in FY 2024/25. 

• Customers numbered over 11.6 million as of 2025. 

Why it matters:

• Interbank FX market opened: Ethiopia’s central bank has launched a competitive interbank foreign exchange market with real-time pricing. 

• Market pricing: Banks conduct FX trades through competitive bids, enhancing price discovery and transparency. 

• Regulated oversight: The National Bank of Ethiopia (NBE) keeps strict supervision and guidelines over the new trading platform. 

• Platform tech: The market uses an automated trading system (ESX) for efficient transaction execution. 

• Policy change: This move aligns with Ethiopia’s broader market-based FX reforms since 2024. 

Why it matters:
Opening an interbank FX market marks a significant step in Ethiopia’s transition toward market-based foreign exchange pricing, helping align official pricing with market dynamics. This can improve liquidity allocation among banks and provide more reliable benchmark rates for the broader financial and business community.

• Total assets: Zemen Bank’s assets reached 106 billion birr in the first half of fiscal 2025/26. 

• Profit: Gross profit for the same period exceeded 5 billion birr. 

• Deposits: Customer deposits climbed to 80 billion birr. 

• Capital: Paid-up capital risen to 14 billion birr, strengthening equity base. 

• Mid-year comparison: Figures build on prior fiscal growth trends in profitability and balance sheet size. 

Why it matters:
Zemen Bank’s midpoint financials demonstrate solid balance sheet expansion and earnings performance within Ethiopia’s banking sector. These metrics are key indicators for investors and analysts tracking sector growth and institutional resilience.