Key Performance Highlights (FY 2024/25):
💰Profit (Pre-Tax): 9 billion birr, up from 3.32 billion birr in 2023/24 (an increase of ~170%)
💵Total Revenue: 14 billion birr, nearly double the 7.7 billion birr earned in the previous year
💸Paid-up Capital: >9 billion birr, increased from 7.45 billion birr in 2023/24
🏦Customer Deposits: Projected to surpass 50 billion birr, building on 43.61 billion birr in deposits a year earlier
#AKSION.ET
@PatternFin
💰Profit (Pre-Tax): 9 billion birr, up from 3.32 billion birr in 2023/24 (an increase of ~170%)
💵Total Revenue: 14 billion birr, nearly double the 7.7 billion birr earned in the previous year
💸Paid-up Capital: >9 billion birr, increased from 7.45 billion birr in 2023/24
🏦Customer Deposits: Projected to surpass 50 billion birr, building on 43.61 billion birr in deposits a year earlier
#AKSION.ET
@PatternFin
❤3
𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝘄𝗲𝗮𝗿𝘀 𝗡𝗲𝘁𝗲𝗹𝗮: 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮 𝘁𝗼 𝗕𝘂𝗶𝗹𝗱 𝗜𝘁𝘀 𝗢𝘄𝗻 𝗩𝗲𝗿𝘀𝗶𝗼𝗻𝘀 𝗼𝗳 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽, 𝗚𝗺𝗮𝗶𝗹, 𝗮𝗻𝗱 𝗭𝗼𝗼𝗺, 𝗖𝗶𝘁𝗶𝗻𝗴 𝗧𝗶𝗿𝗲𝗱 𝗼𝗳 𝗗𝗮𝘁𝗮 𝗟𝗲𝗮𝗸𝘀
The Information Network Security Administration (INSA) has unveiled that the country is actively phasing out international applications like Gmail, Telegram, and WhatsApp in favor of Ethiopian-developed alternatives. The move is part of a broader push to protect sensitive national data and reduce reliance on foreign-owned technologies that operate beyond Ethiopia’s legal and regulatory reach.
In an exclusive interview with Sheger FM, INSA’s sales expert, Eshetu, said the shift is not only about cybersecurity but also about national ownership of critical digital infrastructure. Among the flagship local platforms is “Ergamail”, a government email client currently deployed across federal institutions. For messaging and voice services, “Serkutni”, positioned as an Ethiopian alternative to WhatsApp and Telegram, is under implementation. For virtual meetings, “Debo”, another INSA-developed platform, is already being piloted.
Via #EBR
@PatternFin
The Information Network Security Administration (INSA) has unveiled that the country is actively phasing out international applications like Gmail, Telegram, and WhatsApp in favor of Ethiopian-developed alternatives. The move is part of a broader push to protect sensitive national data and reduce reliance on foreign-owned technologies that operate beyond Ethiopia’s legal and regulatory reach.
In an exclusive interview with Sheger FM, INSA’s sales expert, Eshetu, said the shift is not only about cybersecurity but also about national ownership of critical digital infrastructure. Among the flagship local platforms is “Ergamail”, a government email client currently deployed across federal institutions. For messaging and voice services, “Serkutni”, positioned as an Ethiopian alternative to WhatsApp and Telegram, is under implementation. For virtual meetings, “Debo”, another INSA-developed platform, is already being piloted.
Via #EBR
@PatternFin
The Central Bank of Russia plans to set the official exchange rates for 12 additional foreign currencies against the ruble, the regulator said.
The list of foreign currencies whose official exchange rates the Central Bank plans to set additionally against the ruble includes the taka, Bahraini dinar, boliviano, Cuban peso, Algerian dinar, Ethiopian birr, Iranian rial, kyat, tugrik, naira, Omani rial, and Saudi riyal.
The Central Bank will begin setting the official exchange rates of these foreign currencies against the ruble starting on July 10, 2025.
#Interfax
@PatternFin
The list of foreign currencies whose official exchange rates the Central Bank plans to set additionally against the ruble includes the taka, Bahraini dinar, boliviano, Cuban peso, Algerian dinar, Ethiopian birr, Iranian rial, kyat, tugrik, naira, Omani rial, and Saudi riyal.
The Central Bank will begin setting the official exchange rates of these foreign currencies against the ruble starting on July 10, 2025.
#Interfax
@PatternFin
Siinqee Bank S.C. to have an investment bank license, third of it's kind in Ethiopia
Siinqee Bank, a prominent player in Ethiopia’s banking sector over the past three years, has announced that it is awaiting regulatory approval to have the country’s third investment bank. If granted, this license will enable Siinqee Bank to expand its role in Ethiopia’s emerging capital market, marking a significant milestone in the nation’s financial sector development.
The bank’s president confirmed that all necessary documentation has been submitted to the Ethiopian Capital Market Authority (ECMA), and the institution is now awaiting a formal response.
#SiinqeeBank
@PatternFin
Siinqee Bank, a prominent player in Ethiopia’s banking sector over the past three years, has announced that it is awaiting regulatory approval to have the country’s third investment bank. If granted, this license will enable Siinqee Bank to expand its role in Ethiopia’s emerging capital market, marking a significant milestone in the nation’s financial sector development.
The bank’s president confirmed that all necessary documentation has been submitted to the Ethiopian Capital Market Authority (ECMA), and the institution is now awaiting a formal response.
#SiinqeeBank
@PatternFin
Safaricom CEO Peter Ndegwa took home KES 294.2 million ($2.2 million) in total pay for the year ending March 2025 — a record-breaking figure that underscores the telco's return to growth.
His earnings rose 17% from the previous year, thanks to a mix of salary, bonus, performance shares, and perks like housing or school fees. (#ቅምሻ)
@PatternFin
His earnings rose 17% from the previous year, thanks to a mix of salary, bonus, performance shares, and perks like housing or school fees. (#ቅምሻ)
@PatternFin
👍1
Awash Bank has announced the establishment of an investment banking subsidiary with an initial capital of 200 million Br, marking it as the third player in the budding capital markets sector.
Following record-breaking profits of 22 billion Br before tax in the 2024/25 fiscal year, the Bank wants to diversify income streams beyond the conventional interest-focused model.
#Fortune
@PatternFin
Following record-breaking profits of 22 billion Br before tax in the 2024/25 fiscal year, the Bank wants to diversify income streams beyond the conventional interest-focused model.
#Fortune
@PatternFin
👍2
𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮 𝗗𝗼𝘂𝗯𝗹𝗲𝘀 𝗗𝗼𝘄𝗻 𝗼𝗻 𝗔𝗜 𝗪𝗶𝘁𝗵 𝟰𝟮% 𝗕𝘂𝗱𝗴𝗲𝘁 𝗕𝗼𝗼𝘀𝘁 𝘁𝗼 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗲
Ethiopia’s latest federal budget allocates 1.13 billion Birr to the Ethiopian Artificial Intelligence Institute, a 42% increase from last year. The rise signals the state’s growing stake in a technology reshaping industry globally.
Founded during the pandemic, the Institute (EAII) now sits at the intersection of tech innovation, policy advising, and national security.
Despite a notable budget expansion and pilot success in health tech, the lack of open policy documents and an underdeveloped infrastructure may undermine momentum. Over-reliance on state institutions could also limit innovation and long-term scalability.
Via #Shega
@PatternFin
Ethiopia’s latest federal budget allocates 1.13 billion Birr to the Ethiopian Artificial Intelligence Institute, a 42% increase from last year. The rise signals the state’s growing stake in a technology reshaping industry globally.
Founded during the pandemic, the Institute (EAII) now sits at the intersection of tech innovation, policy advising, and national security.
Despite a notable budget expansion and pilot success in health tech, the lack of open policy documents and an underdeveloped infrastructure may undermine momentum. Over-reliance on state institutions could also limit innovation and long-term scalability.
Via #Shega
@PatternFin
Aliko Dangote announced a $3 billion strategic agreement with the Ethiopian government to build a world-class fertilizer plant in Gode, Somalia.
Mr. Dangote emphasized that the project represents more than just an investment; it's a firm commitment to Ethiopia's agricultural self-sufficiency and regional economic integration. He highlighted the urgent need for action, citing the country's supply challenges, particularly its heavy reliance on imports from Morocco and Russia.
@PatternFin
Mr. Dangote emphasized that the project represents more than just an investment; it's a firm commitment to Ethiopia's agricultural self-sufficiency and regional economic integration. He highlighted the urgent need for action, citing the country's supply challenges, particularly its heavy reliance on imports from Morocco and Russia.
@PatternFin
የኢትዮጵያ ንግድ ባንክ በሁሉም የሥራ አፈፃፀም መለኪያዎች የገበያ ድርሻውን ማሳደጉ ተገለፀ።
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የኢትዮጵያ ንግድ ባንክ ፕሬዚዳንት አቶ አቤ ሳኖ ዛሬ በተጀመረው የኢትዮጵያ ንግድ ባንክ የ2017 (2024/25) በጀት ዓመት ዓመታዊ ጉባኤ ላይ እንደተናገሩት ባንኩ ባለፈው በጀት ዓመት አመርቂ የሥራ አፈፃፀም ያስመዘገበ ሲሆን፣ በታሪኩ ለመጀመሪያ ጊዜም በሁሉም የሥራ አፈፃፀም መለኪያዎች የገበያ ድርሻውን ማሳደግ ችሏል።
የኢትዮጵያ ንግድ ባንክ በተጠናቀቀው የ2017 በጀት ዓመት ከ515 ቢሊየን ብር በላይ ተጨማሪ ተቀማጭ ገንዘብ በማሰባሰብ አጠቃላይ ተቀማጭ ገንዘቡን 1.69 ትሪሊዮን ብር ያደረሰ ሲሆን፣ የገበያ ድርሻው 49.6 በመቶ ሆኗል።
የባንኩ ጠቅላላ ሀብት 2.3 ትሪሊዮን ብር የደረሰ ሲሆን፣ ይህም የገበያውን 50.1 በመቶ የገበያ ድርሻ እንዲይዝ አስችሎታል።
ባለፈው በጀት ዓመት በባንኩ ከተከናወኑ የገንዘብ ዝውውሮች 92 በመቶ የሚጠጋው በባንኩ ዲጂታል የክፍያ አማራጮች የተከናወነ ሲሆን፣ ይህም በገንዘብ ደረጃ ከ13 ትሪሊዮን ብር በላይ ነው።
የኢትዮጵያ ንግድ ባንክ በአሁኑ ጊዜ ከ43.1 ሚሊዮን በላይ ደንበኞች አሉት።
@PatternFin
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የኢትዮጵያ ንግድ ባንክ ፕሬዚዳንት አቶ አቤ ሳኖ ዛሬ በተጀመረው የኢትዮጵያ ንግድ ባንክ የ2017 (2024/25) በጀት ዓመት ዓመታዊ ጉባኤ ላይ እንደተናገሩት ባንኩ ባለፈው በጀት ዓመት አመርቂ የሥራ አፈፃፀም ያስመዘገበ ሲሆን፣ በታሪኩ ለመጀመሪያ ጊዜም በሁሉም የሥራ አፈፃፀም መለኪያዎች የገበያ ድርሻውን ማሳደግ ችሏል።
የኢትዮጵያ ንግድ ባንክ በተጠናቀቀው የ2017 በጀት ዓመት ከ515 ቢሊየን ብር በላይ ተጨማሪ ተቀማጭ ገንዘብ በማሰባሰብ አጠቃላይ ተቀማጭ ገንዘቡን 1.69 ትሪሊዮን ብር ያደረሰ ሲሆን፣ የገበያ ድርሻው 49.6 በመቶ ሆኗል።
የባንኩ ጠቅላላ ሀብት 2.3 ትሪሊዮን ብር የደረሰ ሲሆን፣ ይህም የገበያውን 50.1 በመቶ የገበያ ድርሻ እንዲይዝ አስችሎታል።
ባለፈው በጀት ዓመት በባንኩ ከተከናወኑ የገንዘብ ዝውውሮች 92 በመቶ የሚጠጋው በባንኩ ዲጂታል የክፍያ አማራጮች የተከናወነ ሲሆን፣ ይህም በገንዘብ ደረጃ ከ13 ትሪሊዮን ብር በላይ ነው።
የኢትዮጵያ ንግድ ባንክ በአሁኑ ጊዜ ከ43.1 ሚሊዮን በላይ ደንበኞች አሉት።
@PatternFin
❤1
#Breaking
Ethiopia officially launched its first securities trading platform today, marking a moment in the country’s financial history.
The Ethiopian Securities Exchange (ESX) began operations with the public registration and trading of government treasury bills (T-bills) on its secondary market. #Fortune
@PatternFin
Ethiopia officially launched its first securities trading platform today, marking a moment in the country’s financial history.
The Ethiopian Securities Exchange (ESX) began operations with the public registration and trading of government treasury bills (T-bills) on its secondary market. #Fortune
@PatternFin
በኢትዮጵያ ፈር ቀዳጅ በመሆን ከ11 ዓመታት በፊት የተሟላ ከወለድ ነፃ የባንክ አገልግሎት መስጠት የጀመረው የኢትዮጵያ ንግድ ባንክ፣ በአሁኑ ጊዜ ከ7.3 ሚሊዮን በላይ አስቀማጭ ደንበኞችን በማፍራት የተቀማጭ ገንዘቡን ከ200 ቢሊዮን ብር በላይ ማድረስ ችሏል።
የኢትዮጵያ ንግድ ባንክ በወለድ ነፃ የባንክ አገልግሎት ተቀማጭ ገንዘብ ከኢንዱስትሪው የ51.3 በመቶ ድርሻ መያዝ ችሏል።
ባንኩ በሲቢሲ ኑር ከወለደ ነፃ የባንክ አገልግሎት ባለፉት 11 ዓመታት ከ150 ቢሊዮን ብር በላይ በተለያዩ የሥራ ዘርፎች ለተሠማሩ ደንበኞች የፋይናስ አቅርቦት ያደረገ ሲሆን፣ በአሁኑ ጊዜ በዚሁ ዘርፍ ተሰጥቶ የሚገኘው ጠቅላላ የብድር መጠን ከ79.2 ቢሊዮን ብር በላይ ነው።
ባንኩ ከወለድ ነፃ ፋይናንሲንግ ዘርፉም የኢንዱስትሪውን 48 በመቶ ድርሻ በመያዝ በመምራት ላይ ይገኛል።
(ከኢ.ን.ባ ገፅ የተወሰደ)
የኢትዮጵያ ንግድ ባንክ በወለድ ነፃ የባንክ አገልግሎት ተቀማጭ ገንዘብ ከኢንዱስትሪው የ51.3 በመቶ ድርሻ መያዝ ችሏል።
ባንኩ በሲቢሲ ኑር ከወለደ ነፃ የባንክ አገልግሎት ባለፉት 11 ዓመታት ከ150 ቢሊዮን ብር በላይ በተለያዩ የሥራ ዘርፎች ለተሠማሩ ደንበኞች የፋይናስ አቅርቦት ያደረገ ሲሆን፣ በአሁኑ ጊዜ በዚሁ ዘርፍ ተሰጥቶ የሚገኘው ጠቅላላ የብድር መጠን ከ79.2 ቢሊዮን ብር በላይ ነው።
ባንኩ ከወለድ ነፃ ፋይናንሲንግ ዘርፉም የኢንዱስትሪውን 48 በመቶ ድርሻ በመያዝ በመምራት ላይ ይገኛል።
(ከኢ.ን.ባ ገፅ የተወሰደ)
𝐃𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐓𝐚𝐱 𝐨𝐧 𝐑𝐞𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐁𝐞 𝐑𝐞𝐦𝐨𝐯𝐞𝐝 𝐮𝐧𝐝𝐞𝐫 𝐏𝐫𝐨𝐩𝐨𝐬𝐞𝐝 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭
The Ministry of Finance has introduced a draft amendment to the Income Tax Proclamation that would treat reinvested dividends including those used to settle unpaid subscribed shares as tax-exempt.
This proposal directly contradicts the Supreme Court’s prior interpretation, which led to billions in retroactive tax claims across the financial sector. If passed, the amendment will offer legal clarity and resolve ongoing disputes involving banks, insurers, and other share companies.
𝐓𝐡𝐞 𝐝𝐫𝐚𝐟𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐥𝐚𝐰 𝐚𝐧𝐝 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐮𝐧𝐝𝐞𝐫 𝐩𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐫𝐞𝐯𝐢𝐞𝐰.
#Aksion.et
@PatternFin
The Ministry of Finance has introduced a draft amendment to the Income Tax Proclamation that would treat reinvested dividends including those used to settle unpaid subscribed shares as tax-exempt.
This proposal directly contradicts the Supreme Court’s prior interpretation, which led to billions in retroactive tax claims across the financial sector. If passed, the amendment will offer legal clarity and resolve ongoing disputes involving banks, insurers, and other share companies.
𝐓𝐡𝐞 𝐝𝐫𝐚𝐟𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐥𝐚𝐰 𝐚𝐧𝐝 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐮𝐧𝐝𝐞𝐫 𝐩𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐫𝐞𝐯𝐢𝐞𝐰.
#Aksion.et
@PatternFin
𝗡𝗶𝗯 𝗕𝗮𝗻𝗸 𝗕𝗲𝘁𝘀 𝗼𝗻 𝗜𝗻-𝗛𝗼𝘂𝘀𝗲 𝗦𝘂𝗽𝗲𝗿 𝗔𝗽𝗽 𝘁𝗼 𝗟𝗲𝗮𝗱 𝗙𝗶𝘃𝗲-𝗬𝗲𝗮𝗿 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗥𝗲𝗯𝗼𝘂𝗻𝗱
Nib Bank has launched its in-house developed super app, Nibtera, consolidating mobile banking, internet banking, and merchant services.
The bank’s new super app aims to attract and retain users with multi-channel payments, budget tools, and full-service banking, from a single platform.
The launch aligns with a broader roadmap to reposition Nib as a fintech-forward institution amid growing competition in Ethiopia’s digital finance space.
Via #Shega
@PatternFin
Nib Bank has launched its in-house developed super app, Nibtera, consolidating mobile banking, internet banking, and merchant services.
The bank’s new super app aims to attract and retain users with multi-channel payments, budget tools, and full-service banking, from a single platform.
The launch aligns with a broader roadmap to reposition Nib as a fintech-forward institution amid growing competition in Ethiopia’s digital finance space.
Via #Shega
@PatternFin
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