Bunna Bank S.C. announced a landmark performance for the 2024/2025 financial year, posting a net profit after tax of Birr 1.9 billion, signaling robust growth and operational efficiency. The bank’s results solidify its key position in Ethiopia’s competitive banking sector, demonstrating notable improvements across multiple financial indicators.
The bank reported total assets of Birr 65.584 billion, a 20.3% increase compared to the previous year. Total revenue surged by 46.2% to Birr 11.739 billion, driven by successful strategic initiatives that expanded diversified income streams. Of this revenue, 67.4% originated from traditional interest-bearing activities, while the remaining 32.6% came from non-interest financial services.
Bunna Bank also managed operating costs effectively, with expenses totaling Birr 9.113 billion. Employee salaries and benefits accounted for 56.3% of these non-interest expenses, reflecting the bank’s investment in human capital.
Highlighting a major milestone, Bunna Bank surpassed the National Bank of Ethiopia’s minimum paid-up capital requirement by raising its capital to Birr 5.054 billion—a full year ahead of the 2026 regulatory deadline. Total capital grew 24.8% to Birr 8.8 billion, boosting market trust, credit capacity, and competitiveness.
The bank’s CEO credited investments in technology and digital services for much of this success. The number of ATMs climbed to 400, and mobile banking users soared to 727,553, facilitating transactions valued at approximately Birr 40.4 billion during the year. Additionally, the bank launched a digital finance service that disbursed Birr 2.64 billion in loans, showcasing strong market potential.
Bunna Bank also reported growth in Interest-Free Banking deposits, which rose by 24.4% to Birr 2.4 billion, reflecting increasing customer demand for Islamic finance products.
The audit report highlighted progress in financial transparency and adherence to International Financial Reporting Standards (IFRS), particularly IFRS 9, concerning the complex estimation of loan loss reserves. This reflects the bank’s commitment to international accounting practices.
Bunna Bank has prioritized workforce development as essential for navigating technological advances and market competition. The bank’s efforts to enhance employee capacity aim to improve long-term customer service quality and operational efficiency.
Looking ahead, the bank’s Board of Directors and senior management have outlined a strategic vision focused on becoming one of Ethiopia’s top three banks by 2030 through continued innovation, capital strengthening, and customer-centric services.
