Awash Bank announced significant financial achievements at its 29th Annual General Meeting held in Addis Ababa. The bank’s total assets reached Birr 282 billion during the 2023/24 fiscal year, reflecting its continued growth and resilience.
Awash Bank recorded an unadjusted profit of Birr 10.8 billion, a Birr 1.06 billion increase compared to the previous year. The bank also reported collecting an additional Birr 45.1 billion in deposits, bringing its total deposits to Birr 232.4 billion.
Total loans issued by the bank reached Birr 183.5 billion, while its overall income for the fiscal year stood at Birr 36.58 billion. Notably, Awash Bank secured USD 1.52 billion in foreign exchange.
The bank now serves over 12.41 million customers through 947 branches nationwide, with a paid-up capital exceeding Birr 20.3 billion. Its shareholder base has grown to more than 11,000 members.
Awash Bank also emphasized its broader social and environmental responsibilities, with investments in economic, social, and sustainability initiatives. In line with its expansion goals, the bank announced plans to construct a new modern headquarters on a 10,500-square-meter plot of land. A project office has been established to oversee the building’s design and development.
Source: Addis Zemen
