Abay Bank marks 15 years with remarkable financial growth, loans reach 47.4 billion birr - Capital Newspaper

Abay Bank Posts 16.3 Billion Birr Annual Revenue – Ethiopian Monitor

Abay Bank S.C. saw its annual revenue grow 92 percent to 16.3 billion birr in the just concluded 2024/25 Ethiopian fiscal year. CEO Yehuala Gessesse reported on Monday the financial performance at a press briefing that kicked off the commemorating the bank’s 15th Anniversary. Abay Bank S.C. was granted an operational license by the National Bank of Ethiopia (NBE) on July 14, 2010, and commenced operations four months later. The bank has since ex…

Abay Bank marks 15 years with remarkable financial growth, loans reach 47.4 billion birr - Capital Newspaper

Abay Bank S.C., celebrating its 15th anniversary since its establishment in Ethiopia’s private banking sector, has announced strong growth in its financial performance, highlighted by a total loan portfolio of 47.4 billion birr extended to various economic sectors. At an event held at the Hyatt Regency Hotel to mark the milestone, the bank disclosed that its deposits surged by 37% over the past fiscal year to reach 72 billion birr. Meanwhile, to…