Dashen Bank Posts 6.7 Billion Birr Pre-Tax Profit. 

Addis Ababa — Dashen Bank reported a pre-tax profit of 6.7 billion birr for the fiscal year ended June 2025, a 5.05 percent increase from the previous year, despite recording a foreign exchange loss of 2.4 billion birr.

Net profit rose to 5.8 billion birr from 4.8 billion birr a year earlier, while total revenue climbed 34 percent to 31.4 billion birr, driven largely by interest income, which accounted for 69 percent of total earnings.

 

Presenting the results at the bank’s 32nd annual general meeting, President Asfaw Alemu said the year was marked by tighter compliance requirements and rising operating pressures. He noted that the bank adjusted its portfolio strategy, strengthened liquidity management, and reinforced risk and compliance frameworks in response to foreign exchange volatility.

Customer deposits grew sharply to just over 202 billion birr, up nearly 39 percent year-on-year, with savings accounts accounting for more than half of total deposits. Lending activity also expanded, with loans and interest-free financing rising nearly 18 percent to about 139 billion birr.

International banking operations generated over USD 1.1 billion and deployed approximately USD 915 million, resulting in a foreign currency generation-to-deployment ratio of 82%. Interest-free banking continued to expand rapidly, with deposits reaching nearly 16 billion birr and financing approaching 14 billion birr, supported by a growing customer base.

Dashen Bank’s total assets increased by 38.5 percent to 254.5 billion birr, while equity rose 20 percent to 28.7 billion birr. Earnings per share improved to 456 birr, though management acknowledged that growth remains below shareholder expectations amid ongoing foreign exchange pressures.