ZamZam Bank reports record net profit exceeding 1 billion Birr

ZamZam Bank has announced that its net profit exceeded 1 billion Birr for the first time, reaching 1.56 billion Birr after tax and provisions for the 2026 fiscal year. The results were shared at the bank's 6th Regular General Assembly, noting that this is a milestone for interest-free banking in Ethiopia. Total assets reached 29.24 billion Birr, with deposits hitting 144 percent of the bank's set targets. The customer base grew by 144 percent to over 973,000, while digital banking users saw a surge of over 150 percent. The bank also confirmed that it has already met the National Bank of Ethiopia's 5 billion Birr minimum paid-up capital requirement, well ahead of the June 2026 deadline. Looking forward, the institution aims to expand its branch network and customer reach further.