Gadaa Bank has listed 1.23 million of its shares on the Ethiopian Securities Exchange (ESX) to provide liquidity for existing shareholders through an “introduction” method. Each share is valued at a par value of ETB 1,000. The bank, which serves over 30,000 shareholders, is not raising new capital with this listing.
For modern investors, tracking GDAB and executing trades has been simplified through the ESX Neway App, the official digital gateway to Ethiopia’s burgeoning stock market.
The GDAB Investment Thesis: Rapid Growth & Resilience
Gadaa Bank’s entry into the public market is backed by a robust financial turnaround. Incorporated in late 2022, the bank quickly reversed its initial “start-up” losses to post significant profits by the 2024/25 fiscal year.
Key Financial Highlights (FY 2024/25):
- Net Profit: Surged to over 342 million ETB (as of June 30, 2025), a remarkable recovery from early operational deficits.
- Asset Growth: Total assets exceeded 10 billion ETB, reflecting aggressive expansion and deposit mobilization.
- Market Positioning: GDAB was the second-ever bank to list on the ESX, securing an “early-mover” advantage in the financial services sector.
- Capital Expansion: The bank recently established Gadaa Securities Dealer S.C., a dedicated investment arm that allows Gadaa to act as a broker-dealer within the exchange.
Understanding GDAB on the ESX Neway App
The Neway App is the primary tool for retail and institutional investors to monitor the Gadaa Bank share price in real-time.
How to Use Neway for GDAB Trading:
- Onboarding: Investors can remotely register and open a trading account directly through the app.
- Ticker Search: Search for “GDAB” to view current market data, including the bid/ask spread and last traded price.
- Real-Time Monitoring: The app provides live updates on market trends, allowing users to track GDAB’s performance against other listed entities like Wegagen Bank (WGBX) or Ethio Telecom (TELE).
- Portfolio Management: Users can monitor their holdings, view historical dividends, and execute buy/sell orders instantly.
Market Outlook: Why Watch Gadaa Bank?
Gadaa Bank’s strategy centers on youth inclusion and community banking. With over 90% of its shareholders being young investors, the bank is uniquely positioned to capture the digital-native demographic that is most likely to use the Neway App for wealth creation.
“The listing on ESX is not just about capital; it’s about providing liquidity to our founders and building a transparent, world-class institution.” — Wolde Bulto, CEO of Gadaa Bank.
While the Ethiopian capital market is still in its nascent stages, the integration of GDAB into a formal exchange provides a level of valuation clarity that was previously impossible in the over-the-counter (OTC) market.
Next Steps for Investors
Are you looking to diversify your portfolio with Ethiopian banking stocks?
- Monitor Trends: Keep an eye on the GDAB 6-month performance charts on the Neway App.
- Check Financials: Review the latest interim reports directly from the ESX website.
Investor Summary: Gadaa Bank (GDAB)
| Metric | Current Status (2025/2026) |
| Listing Date | June 13, 2025 |
| Exchange Board | ESX Main Market |
| Ticker Symbol | GDAB |
| Par Value | ETB 1,000 |
| Net Profit (FY 2024/25) | ETB 342.7 Million |
| Interim Net Profit (Dec 2025) | ETB 464.7 Million |
| Earnings Per Share (EPS) | 29% (ETB 290 per share) |
| Paid-up Capital | ETB 1.8 Billion |