Berhan Bank S.A. held its 16th Annual General Meeting of Shareholders on October 18, 2018, at Millennium Hall in Addis Ababa. During the meeting, the Chairman of the Board of Directors, Ato Iligo Legesse, presented the Bank’s annual performance report for the fiscal year ending June 30, 2025. He highlighted the bank’s strong financial performance despite challenging conditions both nationally and internationally.
Ato Iligo reported that Berhan Bank achieved a pre-tax profit of Birr 2.5 billion for the 2024/25 fiscal year, marking a 66.5% increase (Birr 1 billion) compared to the previous year. Total assets reached Birr 58.9 billion, up 28.1% from the prior fiscal year, while total capital increased by 20% to Birr 8.5 billion. Paid-up capital surpassed Birr 5 billion, meeting the minimum capital requirement set by the National Bank of Ethiopia. The bank concluded the fiscal year with an impressive earnings per share of 54.7%.
Ato Iligo also highlighted that Berhan Bank has completed and begun implementing its three-year strategic plan. Key initiatives include digital transformation and upgrades to the core banking system, aimed at improving customer service and operational efficiency.
Looking ahead, the Board of Directors outlined key priorities for the next fiscal year: increasing the bank’s capital base, enhancing customer service delivery, completing the construction of the transitional headquarters building, and expanding digital banking innovations and technologies.
