Siinqee Bank’s Balance Sheet Surpasses 216 Billion Birr as Profit Reaches 10.7 Billion Birr
Siinqee Bank posted a pre-tax profit of 10.7 billion birr in the 2025/26 financial year as the lender continued its rapid expansion following its transition from a microfinance institution into a full-fledged commercial bank.
The bank’s total assets reached 216.2 billion birr by the end of the fiscal year, while customer deposits rose to 178.1 billion birr, highlighting the scale of its growth as it competes for deposits and lending opportunities within Ethiopia’s increasingly competitive banking sector.
Siinqee’s total capital also increased to 23.1 billion birr, while the bank’s cumulative financing reached 127.1 billion birr. The lender said more than 855,000 people have benefited from its lending activities.
Siinqee’s Key FY2025/26 Figures
| Indicator | FY2025/26 |
| Pre-tax profit | ETB 10.7 billion |
| Total assets | ETB 216.2 billion |
| Customer deposits | ETB 178.1 billion |
| Total capital | ETB 23.1 billion |
| Cumulative financing | ETB 127.1 billion |
| People reached through lending | 855,000+ |
The figures illustrate the transformation of an institution that began as Oromia Credit and Saving Share Company, a microfinance institution, into a major commercial banking operation.
Siinqee received its commercial banking licence in 2021, allowing it to broaden its funding base and expand the range of financial services available to customers. Its growth has continued to be anchored in financial inclusion, particularly among customers and borrowers who have historically had limited access to formal financial services.
President Nway Megersa said the bank’s performance during the year had accelerated its broader expansion. He highlighted the scale of financing delivered and the number of customers reached through the bank’s lending activities.
The bank’s annual management performance review brought together senior management, more than 800 branch managers and district directors, to assess the year’s performance and establish priorities for the next financial year.
Oromia Regional State President Shimelis Abdisa also highlighted Siinqee’s role in expanding access to finance and supporting economic participation, while expressing government support for the bank’s continued growth.
From Microfinance to Commercial Banking
Siinqee’s trajectory illustrates how Ethiopia’s financial sector has evolved beyond traditional commercial banks. Its transition from microfinance allowed the institution to retain its focus on underserved borrowers while gaining access to the broader funding and product opportunities available to commercial banks.
The rapid expansion of its balance sheet, however, also increases the importance of credit quality, capital adequacy and risk management as the bank scales.
With ETB 178.1 billion in deposits supporting an asset base of ETB 216.2 billion, Siinqee has moved well beyond its microfinance origins. Its next challenge will be to maintain growth while ensuring that its lending expansion remains profitable and sustainable.
The results come as Ethiopian banks compete more aggressively for deposits, customers and quality borrowers amid ongoing financial-sector reforms and increasing competition.
For Siinqee, the 2025/26 results mark another step in its transformation from a specialised microfinance institution into a large commercial bank built around financial inclusion.
Source: Birrmetrics