Zemen Bank Reports Strong Financial Performance Amid Regulatory Constraints

Zemen Bank S.C. reported a 31.9 per cent increase in total assets to 116.5 billion birr and a 15 per cent rise in net profit to 6.75 billion birr for the fiscal year ending June 30, 2026. The bank attributed these results to tight monetary conditions and regulatory reforms.

Despite the National Bank of Ethiopia’s 15 per cent policy interest rate and 24 per cent credit growth cap, Zemen Bank’s credit volume grew by 24.6 per cent to 51.7 billion birr during the same period.

The bank maintained a non-performing loan ratio of 2.48 per cent, which remained below both the regulatory limit of 5 per cent and its internal threshold of 4 per cent.