Company league tables · FY2023
Ethiopian banks, microfinance institutions, insurers and enterprises, listed on ESX or not, ranked by net profit for the fiscal year ending in 2023 (most end 30 June or 7 July). Return on equity is net profit over year-end equity; growth compares with the year before.
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Banks
| # | Company | Net profit | Profit growth | Total assets | Deposits | Equity | Return on equity |
|---|---|---|---|---|---|---|---|
| 1 | Commercial Bank of Ethiopia* | ETB 17.4B | +5.7% | ETB 1.3T | ETB 1.1T | ETB 74.6B | 23.4% |
| 2 | Awash Bank S.C. ESX* | ETB 7B | +30.9% | ETB 224B | ETB 182.5B | ETB 28B | 25% |
| 3 | Development Bank of Ethiopia* | ETB 5.7B | +68.2% | ETB 160.2B | ETB 1.6B | ETB 37.1B | 15.5% |
| 4 | Bank of Abyssinia S.C. ESX* | ETB 3.9B | +19.7% | ETB 189.5B | ETB 158.5B | ETB 19.5B | 19.9% |
| 5 | Cooperative Bank of Oromia* | ETB 3.4B | +19.4% | ETB 140.3B | ETB 116.3B | ETB 14.8B | 22.9% |
| 6 | Hibret Bank* | ETB 2.3B | +110.6% | ETB 96.6B | ETB 74.7B | ETB 9.4B | 24.5% |
| 7 | Oromia International Bank* | ETB 1.6B | +31.7% | ETB 65.4B | ETB 54.3B | ETB 8.7B | 18.2% |
| 8 | Abay Bank S.C. ESX* | ETB 1.6B | +66.2% | ETB 55.1B | ETB 41.8B | ETB 7.7B | 20.2% |
| 9 | Tsedey Bank* | ETB 1.1B | -25.1% | ETB 56.6B | ETB 34.2B | ETB 12.3B | 8.6% |
| 10 | Wegagen Bank S.C. ESX* | ETB 823.8M | +49.4% | ETB 53.5B | ETB 39.9B | ETB 6.9B | 11.9% |
| 11 | Bunna International Bank* | ETB 786.7M | — | ETB 46.4B | ETB 32.7B | ETB 1.9B | 41.6% |
| 12 | Enat Bank* | ETB 543.6M | +73% | ETB 22.8B | ETB 17.9B | ETB 3.6B | 15.2% |
| 13 | Global Bank Ethiopia* | ETB 523.1M | +88.7% | ETB 18.9B | ETB 14.2B | ETB 3B | 17.7% |
| 14 | Berhan International Bank* | ETB 508.6M | +6.3% | ETB 40.2B | ETB 33.8B | ETB 4.8B | 10.5% |
| 15 | Lion International Bank* | ETB 489.5M | +82.1% | ETB 35.6B | ETB 27.3B | ETB 4.4B | 11.2% |
| 16 | Siinqee Bank* | ETB 284.8M | -23.4% | ETB 34.7B | ETB 23.7B | ETB 8.5B | 3.4% |
| 17 | Addis International Bank* | ETB 223.5M | -35.2% | ETB 10.7B | ETB 9B | ETB 2.4B | 9.3% |
| 18 | Sidama Bank S.C. ESX* | ETB 53.5M | -35.7% | ETB 1.3B | ETB 229.2M | — | — |
| 19 | Nib International Bank* | ETB 41.4M | — | — | — | — | — |
| 20 | ZamZam Bank* | ETB 24.1M | -116.5% | ETB 7.5B | ETB 5B | ETB 1.6B | 1.5% |
| 21 | Hijra Bank* | ETB 23.3M | — | ETB 6.2B | ETB 4.8B | ETB 1.2B | 1.9% |
| 22 | Shabelle Bank* | ETB 19.8M | — | ETB 3.7B | ETB 801.6M | ETB 340.6M | 5.8% |
| 23 | Gadaa Bank S.C. ESX* | ETB -84.3M | -1,819.9% | ETB 2.7B | ETB 1.6B | ETB 807.8M | -10.4% |
| 24 | Amhara Bank* | ETB -170.1M | -186.3% | ETB 28.4B | ETB 19.8B | ETB 5.9B | -2.9% |
| 25 | Ahadu Bank* | ETB -193.7M | +885.2% | ETB 3.1B | ETB 2B | ETB 489.3M | -39.6% |
| 26 | Tsehay Bank* | ETB -333.6M | +5,131.8% | ETB 3.5B | ETB 2.3B | ETB 932M | -35.8% |
Insurers
| # | Company | Net profit | Profit growth | Total assets | Revenue | Equity | Return on equity |
|---|---|---|---|---|---|---|---|
| 1 | Ethiopian Insurance Corporation* | ETB 1.2B | +11.6% | ETB 13.1B | ETB 7B | ETB 3.2B | 36.4% |
State enterprises and other companies
| # | Company | Net profit | Profit growth | Total assets | Revenue | Equity | Return on equity |
|---|---|---|---|---|---|---|---|
| 1 | Ethiopian Airlines* | ETB 49.1B | +3.3% | ETB 670.2B | — | ETB 287.2B | 17.1% |
| 2 | Ethio Telecom S.C. ESX* | ETB 18B | +100.3% | ETB 215.1B | — | ETB 119.7B | 15.1% |
| 3 | Ethiopian Shipping and Logistics Services Enterprise* | ETB 6.7B | — | ETB 64B | — | — | — |
| 4 | Ethiopian Agricultural Business Corporation* | ETB 1.1B | +255% | ETB 16.5B | ETB 11.2B | ETB 2.6B | 40.7% |
| 5 | NATIONAL LOTTERY ADMINISTRATION* | ETB 564.2M | +70.3% | ETB 802.8M | — | ETB 2.6M | 21,558% |
| 6 | CHEMICAL INDUSTRY CORPORATION* | ETB 336.1M | +292.2% | ETB 16.3B | ETB 4.5B | ETB 10.8B | 3.1% |
| 7 | BERHANENA SELAM PRINTING ENTERPRISE* | ETB 250.5M | +42% | ETB 1.9B | — | ETB 1.3B | 18.6% |
| 8 | ETHIOPIAN PETROLEUM SUPPLY ENTERPRISE* | ETB 236.8M | -38.1% | ETB 225.8B | ETB 271.1B | ETB 3.9B | 6.1% |
| 9 | Ethiopian Construction Design & Supervision Works Corporation* | ETB 197.4M | +7% | ETB 1.2B | — | — | — |
| 10 | Ethiopian Engineering Corporation* | ETB 197.4M | — | ETB 3.2B | — | ETB 1.4B | 14.2% |
| 11 | Development and Hotel Company* | ETB 98.8M | +172.9% | ETB 1.6B | — | ETB 720.7M | 13.7% |
| 12 | National Alcohol and Liquor Factory* | ETB 94.8M | -55.2% | ETB 1.2B | ETB 1.1B | ETB 742.9M | 12.8% |
| 13 | ETHIOPIAN POSTAL SERVICE ENTERPRISE* | ETB 37M | -72.8% | ETB 1.8B | — | ETB 270.5M | 13.7% |
| 14 | SPA SERVICE ENTERPRISE* | ETB 22.3M | — | — | — | ETB 143.3M | 15.5% |
| 15 | Catering and Tourism Training Institute (Guenet)* | ETB -2.2M | -166.1% | ETB 1.5B | ETB 37.2M | ETB 1.4B | -0.2% |
| 16 | GUENET HOTEL* | ETB -3.3M | -200% | ETB 1.5B | — | ETB 1.5B | -0.2% |
| 17 | ETHIOPIAN PULP & PAPER SHARE COMPANY* | ETB -6.1M | +123% | ETB 495.5M | ETB 140.9M | ETB 234.1M | -2.6% |
| 18 | ETHIOPIAN ELECTRIC POWER* | ETB -24.8B | -17.5% | ETB 672.2B | — | ETB 305B | -8.1% |
* Figures were extracted from the companies' annual reports in an earlier project and have not been checked one by one against them. Each kind of company reports different line items, so compare banks with banks and enterprises with enterprises; definitions can also differ between years (for example company-only or group accounts). Years are the fiscal years the reports cover, which mostly end in June or early July. Figures without a * are checked against their annual reports and listing documents, linked on each company's page. ESX marks companies listed on the exchange. A company missing from a year has no figures for it here. A ranking is not a judgement of value.