Zemen Bank has announced a record breaking financial performance for the 2024/25 fiscal year, which ended in 2025/26, with profits and assets showing substantial growth across key indicators.
According to the bank’s annual report presented during its shareholders’ meeting, total revenue reached Birr 14.4 billion, while net profit climbed to Birr 5.87 billion, a 145 percent increase compared to the previous fiscal year. Earnings per share rose by 68.3 percent.
Zemen Bank’s total assets grew by 49.7 percent, reaching Birr 88.6 billion as of May this year. The bank’s total capital was estimated at Birr 13.2 billion, with a paid-up capital of Birr 9.4 billion, underscoring its strong financial position.
The report also highlighted the bank’s risk management, with a non-performing loan ratio of only 2.81 percent, below the National Bank of Ethiopia’s 5 percent threshold. In the area of foreign trade, Zemen Bank facilitated foreign exchange transactions valued at USD 588 million.
Now in its 17th year of operation, Zemen Bank has expanded its network to 132 branches nationwide. During the fiscal year, it allocated Birr 61.86 million toward social responsibility initiatives.
The bank stated that it is laying the groundwork to enter capital markets, expand investment banking services, and pursue new strategic growth areas, building on its strong financial performance and customer-centered philosophy.
Source: Sheger FM 102.1
