Following the ECMA’s registration of 54,066,089 ordinary shares on March 17, 2026, Awash Bank S.C. has released its full 232-page prospectus. This document provides a detailed look at the bank’s financial health and future listing plans. Use the link below to download the PDF, or visit the Awash Bank Investor Relations portal for more information.
Financial Powerhouse: 2024/25 Performance
Awash Bank’s latest financial filings reveal why its shares are among the most sought-after in the Horn of Africa.
Also read How to Download Neway Mobile Application to Invest in Ethiopian Stock Market
- Net Profit: The bank reported a staggering net profit for the last full fiscal year, maintaining its lead as the most profitable private bank in Ethiopia.
- Earnings Per Share (EPS): Awash continues to deliver industry-leading returns, with an EPS of 783 ETB in its most recent report—significantly higher than the private banking industry average.
- Revenue Growth: Total income surged by 77%, reaching 64.7 billion ETB, driven largely by a massive increase in interest income and foreign exchange dealings.
Share Price and Dividend Outlook
- Current “Book Value”: While the bank recently voted to boost its paid-up capital toward a 1 billion USD (approx. 55 billion ETB) goal over the next four years, the tradeable market price will only be discovered once the ESX officially opens for secondary trading.
- Dividends: Awash Bank has a reputation for high dividend payouts. For the 2026 cycle, the bank is balancing cash returns with a strategy to capitalize profits to meet the National Bank of Ethiopia’s (NBE) rigorous new capital requirements.
- Secondary Market Access: For years, selling Awash shares was a manual, peer-to-peer process. With the new ECMA registration, these shares are now “locked” into the central system, meaning they can soon be sold instantly through licensed brokers.
How to Buy Awash Bank Shares in 2026
Ethiopian securities exchange has officially launched it’s trading app, Neway Mobile Application. Whether you are in Addis Ababa or anywhere else across the country, you can now trade shares directly from your smartphone. Here’s how you can start trading on ESX using Neway app.
Download and Sign Up: Go to the Google Play Store or Apple App Store and download the Neway app.
Once opened, navigate to the “Create Account” page. Enter your name, email, and phone number, and create a secure password.
Verify Your Identity: You will receive a six-digit OTP (One-Time Password) via your email to verify your identity. Enter this code into the app to activate your trading account.
Explore the Market: Once logged in, you can browse various investment options, such as shares from Gada Bank, Wegagen Bank, and even government Treasury bills (T-bills).
While you can see the listings, you cannot trade yet without a brokerage account. Here is how to set it up:
Upload Documents: Finally, upload a digital copy of your National ID, Passport, or Driver’s License, along with your signature and a photo.
Select a Broker: Inside the Neway app, click the “Become an Investor” button. You will see a list of approximately six officially licensed brokers. Choose one to proceed.
Provide Personal Information: After agreeing to their terms and conditions, you must fill out your profile. This includes your full name, TIN number, Fayda (National ID) number, and residential address.
Link Your Banking: You must link a bank account for your transactions. You can link it directly or pay the broker to manage it for you. You even have the option to use different bank accounts for different types of investments (e.g., one for bank shares and another for T-bills).
Compliance and Risk Assessment: You will be asked “Risk Tolerance” questions to determine your investment style. Additionally, you must disclose any legal or professional ties, such as being a public official, having a political affiliation, or working within capital market service providers like investment banks.
Even after submitting your documents, you cannot trade instantly. Your chosen broker must first verify your information and open a CSD (Central Securities Depository) account for you. This is a secure digital treasury where all your shares and bonds are officially registered.
Once the broker notifies you that your account is ready, you can return to the Neway app. From there, you will be able to:
- View your current share holdings.
- Track your transaction history.
- Monitor profits, losses, and your withdrawable balance.
- Start buying and selling shares freely!
Please note that, ESX explicitly cautioned that during the initial phase of implementation, access to the NEWAY platform is limited to the territory of Ethiopia.
And if you have questions or need assistance using NEWAY, the ESX mobile trading platform, you can Call Center: 9920, Hours: Monday – Friday | 8:30 AM – 5:30 PM, Email: bbo@esx.et (anytime)
Is Awash Bank Stock Worth it?
The bank’s leadership has set an ambitious target to reach 55 billion ETB in paid-up capital. To achieve this, Awash is offering billions in shares to “loyal customers” and staff at preferential rates. This massive capital cushion positions Awash not just as a local leader, but as a regional competitor capable of expanding into neighboring markets like South Sudan and Djibouti.