Amhara Bank reported a sharp rise in profitability during the first eight months of the 2025/26 fiscal year, posting profit before tax of 1.82 billion Br—nearly triple the earnings recorded during the entire previous fiscal year.
In a statement released on Thursday, the Bank disclosed that profit surged by 178pc compared to the 655 million Br it registered in the preceding fiscal year, attributing the performance to steady operational expansion and a broader market presence in the increasingly competitive banking industry.
The Bank’s balance sheet also expanded during the reporting period. Total assets rose to 53 billion Br, an increase of almost 10 billion Br from the 43.4 billion Br reported at the close of the last fiscal year on June 30, 2025. Customer deposits followed a similar upward trajectory, climbing to 37.9 billion Br as of February 28, 2026, up from 31.5 billion Br eight months earlier.
Loan portfolio performance improved modestly. The Bank’s non-performing loan (NPL) ratio declined to 4.9pc, a level broadly consistent with regulatory thresholds and the industry average. According to the statement, strengthened credit monitoring and recovery measures enabled the Bank to collect more than 9.9 billion Br in outstanding loans during the period.
Digital financial services also registered notable growth. The Bank disclosed that it disbursed over 5.1 billion Br in microloans through its digital lending platforms, reaching more than 240,000 customers. Women accounted for nearly 90pc of the borrowers, reflecting a focus on expanding access to finance for underserved groups.
The Bank has also upgraded its mobile banking system, allowing customers to transfer up to one million birr per transaction.
The latest performance highlights the rapid growth trajectory of Amhara Bank, one of the younger entrants in Ethiopia’s banking industry, as it continues to scale its balance sheet, strengthen loan quality, and deepen digital financial services.
