Awash Bank has announced a record-breaking gross profit before provision and tax of 40.7 billion Birr for the fiscal year ending June 30, 2026. This performance marks an increase of 11.8 billion Birr compared to the previous year. Chief Executive Officer Ato Tsehay Shiferaw revealed the historic growth during a press conference today, attributing the financial surge to strategic operations and recent national macroeconomic shifts.
The bank’s total deposits escalated to 467.8 billion Birr, reflecting a 41 percent increase of 135 billion Birr from the same period last year. Financial analysts note this represents the highest single-year deposit growth recorded within Ethiopia’s private banking sector. Additionally, total assets climbed to 622 billion Birr, while total annual revenue reached 85.37 billion Birr against 44.62 billion Birr in expenditures.
Foreign currency generation also saw substantial growth, influenced heavily by the government’s recent foreign exchange policy reforms. The bank registered a 635 million USD increase, bringing its total foreign currency inflows to 2.65 billion USD by the end of June 2026. Furthermore, paid-up capital expanded by 38 percent to reach 38.5 billion Birr, surpassing the National Bank of Ethiopia’s minimum requirement by over sevenfold.
Operating through 1,010 regular branches, 10 digital e-branches, and extensive digital networks including Awash Birr Pro, the bank now serves over 17 million customers. This sustained growth has earned Awash Bank the “Best Bank in Ethiopia” title by Global Finance for five consecutive years. Representatives confirmed the official award ceremony will take place during the upcoming World Bank and IMF meetings.
In tandem with its financial operations, the bank highlighted its ongoing corporate social responsibility initiatives. According to the executive statement, Awash Bank allocated 500 million Birr during the fiscal year to support various community and environmental development projects across the country.