Business

Awash Bank posts 38.3 billion birr pre-tax profit, up 49%

Ethio FM · 31 October 2026

Awash Bank reported a pre-tax profit of 38.3 billion birr for the 2018 Ethiopian fiscal year, up 12.6 billion birr or 49%. Total assets reached 624 billion birr, deposits 469.3 billion birr and gross income 84.6 billion birr, up 31%. The bank earned more than $2.6 billion in foreign currency and paid 15.77 billion birr in income tax.

Summary translated from Amharic

Coverage

• Ethio FM: አዋሽ ባንክ ከ38.3 ቢሊየን በላይ ብር ከታክስ በፊት ትርፍ ማስመዝገቡ ተገለፀ
• Ethiopian Business Review: Awash Bank's Total Assets Climb 41 Percent to Over 624 Billion Birr