Oromia Bank reported a 49% increase in pre-tax profit to Birr 3.82 billion for the 2025/2026 fiscal year, despite liquidity constraints and broader economic challenges affecting Ethiopia’s banking sector.
The bank’s financial results were disclosed during its 17th Annual Regular and 6th Extraordinary General Meetings, where Board Chairman Asfa Semee highlighted the institution’s performance and resilience amid a challenging operating environment.
According to Asfa, the bank generated Birr 15.24 billion in total revenue, achieving 99.9% of its annual target and recording a 23.3% increase compared to the previous fiscal year. Operating expenses stood at Birr 11.42 billion.
The bank also registered growth in its balance sheet, with total assets increasing by 24% to exceed Birr 105.7 billion. Total deposits similarly rose by 24% to Birr 88.1 billion, while paid up capital increased by 14% to Birr 7.8 billion, bringing total equity capital to Birr 14 billion.
Oromia Bank maintained a non-performing loan (NPL) ratio of 2.43%, remaining below the National Bank of Ethiopia’s regulatory threshold of 5%. The figure reflects the bank’s continued focus on credit risk management and asset quality.
The bank also expanded its customer base and digital banking services during the reporting period. The number of deposit accounts increased by 9.7% to 7.54 million, while digital banking users reached 5.7 million.
The Bank introduced the “Abbaa Ferda” remittance application. It also partnered with Visa and Premier Switch Solutions (PSS) to launch international payment cards under the Oro Visa Classic, Gold and Platinum categories.
Source: Capital Ethiopia Newspaper
