Gadda Bank Profit Climbs 113% Amid Strategic Expansion
Gadda Bank reported a pretax profit exceeding 1 billion birr for the 2025/26 fiscal year, a 113 percent increase over the previous year, the lender announced at a press briefing. The performance reflects a period of accelerated growth across the bank’s balance sheet and physical infrastructure.
Financial Performance Indicators:
- Customer Deposits: 12.6 billion birr, a 64 percent year-on-year increase.
- Total Assets: 16.5 billion birr, representing 64 percent growth compared to the previous period.
- Network Expansion: The bank operated 110 branches at fiscal year-end, following the addition of 10 new outlets.
Strategic developments during the fiscal year were defined by diversification into capital markets. Gadda Bank established a dedicated securities arm, Gadaa Capital Investment Bank S.C., following the introduction of investment banking licenses in Ethiopia. Additionally, the bank completed its listing on the Ethiopian Securities Exchange (ESX) as part of the country’s transition to a regulated stock market.
The lender also reached a milestone in its infrastructure development, finalizing the feasibility study and architectural design for its new headquarters. The project has now advanced to the tender stage, moving toward the commencement of construction.
President Welde Bulto attributed the results to the bank’s expanded operational footprint and successful integration into the evolving national financial ecosystem.
