The Bank of Abyssinia presented shareholders with a profit before tax of 15.85 billion Br for the year ending June 2026, representing a 56.9 percent increase on the previous year. Net profit climbed 58.1 percent to 11.54 billion Br, while earnings per share reached 767 Br, up from 50 percent of the par value previously. The bank's board chairperson told shareholders the results demonstrate the institution can maintain growth despite difficult regional and global conditions.
Interest income accounted for 79 percent of total revenue, which grew by 41.38 percent to 55.24 billion Br. The bank's loan book expanded by 28.7 percent to 256.49 billion Br, while customer deposits increased by 31.1 percent to 318.79 billion Br. Total assets reached 381.5 billion Br, up by 33.28 percent.
The bank's digital platforms processed 82 percent of all transactions, while its 981 branches employed more than 10,500 staff. Foreign-currency earnings rose by 45.79 percent to 966.64 million dollars. Shareholders are expected to receive dividends of 4.97 billion Br, with the option to reinvest over half of this amount in a rights issue priced at 1,600 Br per share.