Zemen Bank has announced that it successfully mobilized over USD 500 million in foreign currency during the last fiscal year. This accomplishment marks a significant milestone for the bank, which has been serving the Ethiopian market for 16 years.
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.
Zemen Bank has secured a USD 30 million trade finance facility from the International Finance Corporation (IFC), a move aimed at bolstering the country's import and export activities.
Zemen Insurance announced at its 6th regular general meeting of shareholders that it achieved a substantial growth in premium income over the past fiscal year.
Zemen Bank disclosed it made a gross profit of 165 Million Birr and a net profit of 128 Million Birr during the last fiscal year. This figure is 36 percent higher than the Bank’s 2012/2013 fiscal year performance which saw 123.8 Million Birr before tax profit.
