Wegagen Bank S.C held its 32nd Ordinary Shareholders’ General Assembly on October 7, 2025, at the Hilton Hotel in Addis Ababa, where the Bank presented its financial results for the 2024/25 fiscal year.
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Wegagen Capital Investment Bank (WCIB), Ethiopia’s first licensed private investment bank, has announced plans to broaden its operations to include wealth and portfolio management services, as well as environmental, social, and governance (ESG) aligned and Shariah-compliant financial products.
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Abyssinia Bank has announced that it earned Birr 10.1 billion in unaudited profit during the 2024/25 fiscal year. This represents a 91.4 percent increase compared to the previous fiscal year. The announcement was made during the Bank’s 29th Annual General Meeting of Shareholders.
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The National Bank of Ethiopia (NBE) has announced it will keep its benchmark interest rate steady at 15 percent while easing the ceiling on credit growth to 24 percent for the 2025/26 fiscal year. The decision was made during the fourth meeting of the NBE’s Monetary Policy Committee (MPC) on September 25, 2025.
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Siinqee Bank, in collaboration with Premier Switch Solution (PSS), has launched MasterCard prepaid card services in Ethiopia, marking a major milestone for the country’s financial sector and expanding access to secure digital payments.
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