Hibret Bank Reports Profit Growth and Operational Expansion for FY 2026

Hibret Bank announced a pre-tax profit of 5.46 billion Birr for the fiscal year ending June 30, 2026, marking a significant increase from the previous year. Board Chairman Mesfin Tesema credited the performance to expanded revenue streams, operational efficiency, and strict cost management despite challenges from foreign exchange liberalization. Total deposits grew by 33.8 percent to 124 billion Birr, while total assets rose to 150.63 billion Birr.

The bank generated 433.3 million USD in foreign exchange during the period. To comply with the National Bank of Ethiopia's new capital adequacy directives, the Board has urged shareholders to settle unpaid shares. Additionally, Hibret Bank became the first in Ethiopia to achieve ISO 27001 certification for information security. The bank also reported 46.7 million Birr in charitable contributions.