Awash Bank reported gross profit of 38.3 billion Br for the year ended June 30, 2026, representing growth of 49.2 percent, the bank's board chairperson and president told shareholders at the annual meeting held on October 31. The result lifted earnings per share to 858 Br from 783 Br in the prior year. Revenue climbed by 31 percent to 84.06 billion Br, while assets expanded by 181.4 billion Br. The bank's board chairperson told shareholders that Awash Bank has "reaffirmed its lead among private banks despite international and domestic difficulties."
Deposits grew by 41 percent to 469.3 billion Br, which the bank described as "the largest annual increase in the private banking industry." Loans increased by 54.5 billion Br to more than 274.1 billion Br. Paid-up capital reached 38.5 billion Br, up from 27.9 billion Br, exceeding the target set in the bank's five-year strategic plan. Total capital, including legal reserves, exceeded 90.4 billion Br. Foreign-currency earnings passed 2.63 billion dollars, up by 620 million dollars, and the bank paid 15.77 billion Br in corporate income tax.
The expansion reflects the bank's scale. Thirty-two years after opening with five branches and 137 employees, Awash Bank now operates more than 1,010 branches with over 20,658 staff. However, deposits outpaced lending during the period, leaving loans at about 58 percent of deposits, indicating that customer savings growth exceeded the bank's ability or appetite to deploy those funds as credit.
For savers in Ethiopia, the bank's strong deposit growth and capital accumulation suggest financial stability, while borrowers face a lender with substantial capacity but deposits that are growing faster than loan expansion.