Amhara Bank reported strong financial performance during the first eight months of the 2025/26 fiscal year, posting a profit before tax of 1.82 billion birr—a 178 percent increase compared with the 655 million birr it recorded during the entire previous fiscal year.
In a press statement issued Thursday, the Bank attributed the performance to steady operational growth and expanding market presence in Ethiopia’s increasingly competitive banking sector.
Total assets climbed to 53 billion birr, rising by nearly 10 billion birr from the 43.4 billion birr reported on June 30, 2025. Customer deposits also expanded significantly, reaching 37.9 billion birr as of February 28, 2026, up from 31.5 billion birr eight months earlier.
The Bank also reported improvements in the quality of its loan portfolio. Its non-performing loan (NPL) ratio declined to 4.9 percent, aligning with regulatory requirements and broadly reflecting industry averages. Over the same period, strengthened credit monitoring and recovery measures enabled the Bank to collect more than 9.9 billion birr in outstanding loans.
Digital financial services have also expanded. According to the statement, the Bank has disbursed over 5.1 billion birr in microloans through its digital platforms, benefiting more than 240,000 customers. Nearly 90 percent of the borrowers are women, highlighting the Bank’s efforts to promote financial inclusion.
In addition, customers can now transfer up to one million birr through the Bank’s mobile banking platform, reflecting ongoing upgrades to its digital service capabilities.
The latest figures underline Amhara Bank’s rapid growth as one of the newer entrants in Ethiopia’s banking industry, as it continues to expand its balance sheet, improve loan quality, and broaden access to digital financial services.
