Dashen Bank has reported a pre-tax profit of Birr 15.2 billion for the 2025/26 fiscal year, with its total assets reaching Birr 350 billion.

The bank disclosed its financial performance during a shareholders' meeting held on Thursday at the Adwa Memorial Conference Hall in Addis Ababa.

Presenting the bank's annual performance, Board Chairman Dula Mekonnen announced that total deposits reached Birr 280 billion, while the bank mobilized USD 1.4 billion in foreign currency during the reporting period.

The bank's outstanding loan portfolio, including interest-free financing, grew by 24.9 percent year-on-year to Birr 165.4 billion. Its total paid up capital also reached Birr 17.36 billion by the end of the fiscal year.

Meanwhile, Dashen Bank CEO Asfaw Alemu reported a 1.3 percent increase in new customer acquisitions during the year.

The bank continued to expand its service network, operating more than 900 branches and over 1,200 automated teller machines (ATMs) nationwide.

As part of its financial obligations, Dashen Bank paid Birr 3.4 billion in taxes to the government during the fiscal year. The bank also allocated Birr 200 million to community development initiatives and environmental protection programs.

Source: Sheger FM 102.1