Ethiopia’s banking sector grew fast in the 2024/25 financial year, the first full year after the birr began to float. Commercial banks’ combined assets reached about 4.74 trillion birr, according to Addis Fortune. This list ranks the 10 largest banks by total assets on 30 June 2025, the close of Ethiopia’s financial year, using each bank’s own audited figures.
One bank still towers over the rest. The Commercial Bank of Ethiopia holds about half of the sector’s assets on its own, and the next nine banks together hold less than it does.
For background on each lender, see our profiles of the major Ethiopian banks.
At a glance
| Rank | Bank | Total assets at 30 June 2025 (ETB billion) |
|---|---|---|
| 1 | Commercial Bank of Ethiopia | 2,314.3 |
| 2 | Awash Bank | 442.6 |
| 3 | Bank of Abyssinia | 286.2 |
| 4 | Dashen Bank | 254.5 |
| 5 | Cooperative Bank of Oromia | 197.3 |
| 6 | Development Bank of Ethiopia | 172.9 |
| 7 | Siinqee Bank | 120.8 |
| 8 | Hibret Bank | 113.9 |
| 9 | Abay Bank | 91.3 |
| 10 | Zemen Bank | 88.6 |
Source: each bank’s audited 2024/25 annual report or financial statements. Figures at 30 June 2025, rounded to one decimal place.
The ranking
1. Commercial Bank of Ethiopia: ETB 2,314.3 billion
The state owned CBE reported consolidated total assets of ETB 2.31 trillion at 30 June 2025 in its audited financial statements, up from ETB 1.55 trillion a year earlier. Customer deposits stood at ETB 1.69 trillion. The government added ETB 92.85 billion of capital during the year, lifting total equity to ETB 189 billion. The audited figure confirms the bank’s July 2025 announcement of about 2.3 trillion birr. See CBE’s listing.
2. Awash Bank: ETB 442.6 billion
Awash is the largest private bank in the country. Its total assets rose 57 percent in the year, from ETB 282.4 billion, and customer deposits reached ETB 332.9 billion. See Awash Bank’s listing.
3. Bank of Abyssinia: ETB 286.2 billion
Bank of Abyssinia closed the year with ETB 286.2 billion in assets, up from ETB 222.3 billion, and ETB 243.2 billion in customer deposits, including its interest free deposits. See Bank of Abyssinia’s listing.
4. Dashen Bank: ETB 254.5 billion
Dashen grew its assets by 39 percent, from ETB 183.7 billion, with customer deposits of ETB 202.2 billion. See Dashen Bank’s listing.
5. Cooperative Bank of Oromia: ETB 197.4 billion
Coopbank’s assets rose 41 percent, from ETB 139.7 billion. Customer deposits, including interest free deposits, reached ETB 174.0 billion. See Coopbank’s listing.
6. Development Bank of Ethiopia: ETB 172.9 billion
The state owned DBE is a development bank that funds large projects and takes very few deposits, so its balance sheet is built mainly on borrowing and bonds. It is the only bank in the top 10 whose total assets shrank in the year, from ETB 182.1 billion. See DBE’s listing.
7. Siinqee Bank: ETB 120.8 billion
Siinqee, which became a bank in 2021 after operating as a large microfinance institution, more than doubled its assets in the year, from ETB 59.6 billion. Its deposits grew 119 percent to ETB 102.5 billion. Siinqee is also first on our list of the fastest growing private banks.
8. Hibret Bank: ETB 113.9 billion
Hibret, formerly United Bank, grew its assets 18 percent, from ETB 96.6 billion, with customer deposits of ETB 82.9 billion. See Hibret Bank’s listing.
9. Abay Bank: ETB 91.3 billion
Abay’s assets rose 38 percent, from ETB 66.4 billion, and customer deposits reached ETB 71.9 billion.
10. Zemen Bank: ETB 88.6 billion
Zemen grew its assets 50 percent, from ETB 59.2 billion, with ETB 64.4 billion in customer deposits. It edged out Oromia Bank (ETB 85.5 billion) and Wegagen Bank (ETB 84.7 billion) for the last place on the list.
How we ranked
We ranked banks licensed by the National Bank of Ethiopia by total assets on 30 June 2025, the end of the 2024/25 financial year. This is the latest year for which audited statements are available for every bank. Some banks have released audited 2025/26 results, but others, including CBE, have not, so mixing years would not give a fair comparison. We will update the list once all banks have published their 2025/26 statements.
Figures come from each bank’s own audited annual report or financial statements. Where a bank publishes both group and bank only figures, we used the group (consolidated) figure that the bank presents first; for CBE and DBE this is the consolidated figure. Where a bank’s report was only available to us as a copy hosted on a disclosure data site, we say so in the sources below. We rounded figures to one decimal place in billions of birr. We did not use estimates or figures from third party data sites.
Totals in birr have been affected by the birr’s depreciation since July 2024, which raises the birr value of foreign currency assets. Growth figures are in nominal birr and are not adjusted for inflation.
Sources
- Commercial Bank of Ethiopia, audited financial report 2024/25: https://combanketh.et/uploads/CBE_Audited_Financial_Report_2024_25_9c4c022527.pdf
- CBE capital injection and equity: The Reporter, Oct 10, 2026: https://www.thereporterethiopia.com/53344/
- Awash Bank, 30th annual report 2024/25: https://awashbank.com/wp-content/uploads/2025/12/AB-30th-Annual-Report-202425.pdf
- Bank of Abyssinia, annual report 2024/25: https://www.bankofabyssinia.com/wp-content/uploads/2025/10/2024-25-BOA-Annual-report-final-print-ready-2.pdf
- Dashen Bank, historical financial information: https://dashenbanksc.com/wp-content/uploads/Dashen_Bank_S_C_Annex_1_Historical_Financial_Information_1_compressed.pdf
- Cooperative Bank of Oromia, annual report 2024/25: https://coopbankoromia.com.et/wp-content/uploads/2025/11/Cooperative-Bank-of-Oromia-Annual-Report-2024-2025-1.pdf
- Development Bank of Ethiopia, consolidated and separate financial statements, 30 June 2025: https://dbe.com.et/?wpdmpro=consolidated-and-separate-financial-statement-for-the-year-ended-30-june-2025
- Siinqee Bank, annual report 2024/25: https://data.360ground.com/documents/siinqee-bank/annual-report-2024-25.pdf (the bank does not post this report on its site; the same total appears in its company profile: https://siinqeebank.com/wp-content/uploads/2026/09/company-Profile-print.pdf)
- Hibret Bank, annual report 2024/25 (linked from the annual reports page of the bank’s website): https://drive.google.com/file/d/1rC4VYHPQsC3suCVVJFf1-ft7rHRA2YEE/view
- Abay Bank, annual report 2024/25: https://www.abaybanksc.com/wp-content/uploads/2025/11/English_AR_2025_outline.251125-compressed.pdf
- Zemen Bank, annual report 2024/25: https://zemenbank.com/wp-content/uploads/2026/04/2025.pdf
- Oromia Bank and Wegagen Bank (11th and 12th): https://oromiabank.com/wp-content/uploads/2025/12/OB-AnnualRep_2024-25.pdf ; https://esx.et/wp-content/uploads/2025/10/Wegagen-Bank-S.C-Financial-Statements-2024-2025.pdf
- Sector total: Addis Fortune: https://addisfortune.news/built-for-microfinance-tsedey-bank-finds-the-cost-of-becoming-big
Last updated: 18 October 2026.
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