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Bunna Bank Achieves 20% Deposit Growth and 930.1 Million Birr Profit Despite Challenges 

Bunna Bank S.C. held its 15th Annual General Meeting, announcing significant achievements despite challenges in the Ethiopian banking sector. Ambassador Alemayehu Sewagen revealed a profit before tax of 930.1 million birr for the fiscal year, with deposits reaching 43.87 billion birr—a 20% increase from the previous year.

The bank disbursed 4.1 billion birr in loans, bringing total loans to 38.87 billion birr, and achieved foreign exchange earnings of 167.6 million USD. Total assets rose to 54.53 billion birr, while paid-up capital grew to 4.83 billion birr.

Amid inflation, foreign exchange shortages, and regulatory hurdles, Bunna Bank expanded its customer base by nearly one million, reaching 4 million account holders. Its digital transformation efforts saw mobile and internet banking users transact over 21.1 billion birr, with 1.39 billion birr processed via card payment machines.

The bank also advanced its “KHADIM” interest-free banking services, mobilizing deposits of 1.93 billion birr, and adopted a five-year strategic plan focused on resource mobilization and digital banking expansion.

Founded 15 years ago, Bunna Bank serves over 14,000 shareholders through 474 branches and a workforce exceeding 4,100.

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