Awash Bank has posted the highest profit ever recorded by a private bank in Ethiopia, reporting a gross profit of 25.67 billion Birr for the 2024/25 fiscal year—a 137% surge compared to the previous year. Net profit stood at 18.712 billion Birr, solidifying Awash’s position as the most profitable private financial institution in the country.
The results were unveiled during the bank’s 30th Regular and 18th Extraordinary Annual General Meeting (AGM) held at the Skylight Hotel in Addis Ababa. Speaking at the event, Board Chairperson Gure Kumssa stated, “This profit recorded by the bank makes it the bank with the highest profit in the history of private banks,” underscoring the scale of the achievement.
Earnings Jump as Asset Quality Remains Strong
Awash Bank’s profitability translated into sharp growth in shareholder returns. Earnings per share (EPS) rose to 783 Birr per 1,000 Birr par value, up from 487 Birr the previous year—an increase reflecting the bank’s robust operational performance.
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