Amhara Bank has reported a pre-tax profit of Birr 377.2 million for the recently concluded fiscal year. Acting CEO, Chanyalew Demse, announced that the bank’s total deposits have reached Birr 25.1 billion, with Birr 20.3 billion disbursed as loans to various sectors, prioritizing financial access and inclusion.
Amhara Bank has expanded its loan services to all regions where it operates, with robust loan performance reducing the need for reserves. The bank has also strengthened its international presence by partnering with globally recognized money transfer services, boosting its competitiveness in the international banking market.
With a focus on accessibility, Amhara Bank increased its branch network to 311 locations, offering both conventional and interest-free banking services. The bank’s workforce has grown to over 5,100 employees, and its customer base now exceeds 1.8 million.
The bank has also made strides in digital banking, with over 571,000 mobile banking users and more than 50,000 cardholders. Chanyalew emphasized Amhara Bank’s commitment to modern, technology-driven financial services and highlighted the bank’s efforts to strengthen its digital banking platform to meet the evolving needs of its customers.
Source: Addis Zemen
