Company league tables · FY2021
Ethiopian banks, microfinance institutions, insurers and enterprises, listed on ESX or not, ranked by net profit for the fiscal year ending in 2021 (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 13.3B | +39.4% | ETB 991.4B | ETB 735.3B | ETB 53.8B | 24.7% |
| 2 | Development Bank of Ethiopia* | ETB 3.9B | +112.9% | ETB 123B | ETB 746.5M | ETB 32B | 12.1% |
| 3 | Awash Bank S.C. ESX* | ETB 3.4B | +31.1% | ETB 128.7B | ETB 102.3B | ETB 15.9B | 21.4% |
| 4 | Dashen Bank* | ETB 1.7B | — | ETB 94.7B | ETB 74.6B | ETB 10.1B | 16.8% |
| 5 | Tsedey Bank* | ETB 1.4B | +17.8% | ETB 38.9B | ETB 21.8B | ETB 9.5B | 14.4% |
| 6 | Bank of Abyssinia S.C. ESX* | ETB 1.3B | +57.2% | ETB 103.9B | ETB 88.9B | ETB 8.6B | 15.5% |
| 7 | Cooperative Bank of Oromia* | ETB 1.3B | +12.2% | ETB 81.3B | ETB 70.4B | ETB 7.1B | 18.7% |
| 8 | Hibret Bank* | ETB 1B | +15.9% | ETB 54.1B | ETB 40B | ETB 6.5B | 16% |
| 9 | Zemen Bank* | ETB 952.7M | +28.9% | ETB 25.2B | ETB 19B | ETB 4.3B | 22.2% |
| 10 | Oromia International Bank* | ETB 872M | +1.3% | ETB 41.7B | ETB 29.5B | ETB 5.5B | 15.9% |
| 11 | Abay Bank S.C. ESX* | ETB 847.1M | +69% | ETB 30B | ETB 23.9B | ETB 4.2B | 20% |
| 12 | Bunna International Bank* | ETB 670.6M | +52.3% | ETB 25.9B | ETB 20.5B | ETB 3.8B | 17.6% |
| 13 | Lion International Bank* | ETB 334.5M | -48% | ETB 32.2B | ETB 25.9B | ETB 3.6B | 9.3% |
| 14 | Addis International Bank* | ETB 271.2M | +27.3% | ETB 8.9B | ETB 6.3B | ETB 1.6B | 16.7% |
| 15 | Debub Global Bank* | ETB 194.9M | -33.3% | ETB 11.6B | ETB 8.7B | ETB 1.8B | 11.1% |
| 16 | Berhan International Bank* | ETB 194.9M | -64.8% | ETB 26.9B | ETB 21.7B | ETB 3.7B | 5.2% |
| 17 | Wegagen Bank S.C. ESX* | ETB 126.7M | -84.8% | ETB 39.7B | ETB 29.6B | ETB 5B | 2.5% |
| 18 | Ahadu Bank* | ETB 9.1M | — | ETB 539.1M | — | ETB 504M | 1.8% |
| 19 | ZamZam Bank* | ETB -20.5M | — | ETB 885.3M | — | ETB 851.3M | -2.4% |
Microfinance institutions
| # | Company | Net profit | Profit growth | Total assets | Deposits | Equity | Return on equity |
|---|---|---|---|---|---|---|---|
| 1 | Amhara Credit and Saving Institution (ACSI)* | ETB 1.4B | +17.8% | ETB 34.5B | ETB 22B | ETB 8.3B | 16.5% |
| 2 | Sidama Microfinance Institution* | ETB 44.3M | — | ETB 524.8M | ETB 174.6M | ETB 210.9M | 21% |
State enterprises and other companies
| # | Company | Net profit | Profit growth | Total assets | Revenue | Equity | Return on equity |
|---|---|---|---|---|---|---|---|
| 1 | Ethiopian Airlines* | ETB 19.9B | +174.4% | ETB 470.1B | ETB 139.4B | ETB 158.8B | 12.5% |
| 2 | Ethio Telecom S.C. ESX* | ETB 5.6B | -40.9% | ETB 77.2B | — | — | — |
| 3 | ETHIOPIAN PETROLEUM SUPPLY ENTERPRISE* | ETB 616.4M | +126.6% | ETB 90.6B | ETB 109B | ETB 3.9B | 15.8% |
| 4 | NATIONAL LOTTERY ADMINISTRATION* | ETB 302.6M | — | ETB 493.4M | — | ETB 2.6M | 11,561.7% |
| 5 | Ethiopian Construction Design & Supervision Works Corporation* | ETB 170.6M | +337.9% | ETB 1.7B | — | ETB 1.2B | 14.7% |
| 6 | National Alcohol and Liquor Factory* | ETB 167.9M | -37.6% | ETB 1.2B | — | ETB 340.1M | 49.4% |
| 7 | BERHANENA SELAM PRINTING ENTERPRISE* | ETB 121.9M | +22.9% | — | ETB 541.4M | — | — |
| 8 | Ethiopian Agricultural Business Corporation* | ETB 91.3M | -8.4% | ETB 7.9B | ETB 4B | ETB 2.1B | 4.4% |
| 9 | ETHIOPIAN TOURIST TRADING ENTERPRISE* | ETB 84.5M | — | ETB 707.1M | — | — | — |
| 10 | ETHIOPIAN POSTAL SERVICE ENTERPRISE* | ETB 63.8M | -268.1% | ETB 1.7B | ETB 595.8M | ETB 503.1M | 12.7% |
| 11 | SPA SERVICE ENTERPRISE* | ETB 22M | — | — | — | — | — |
| 12 | Development and Hotel Company* | ETB 18.7M | — | — | — | — | — |
| 13 | Catering and Tourism Training Institute (Guenet)* | ETB 2.8M | — | — | — | — | — |
| 14 | ETHIOPIAN PULP & PAPER SHARE COMPANY* | ETB 156.3K | -109.4% | ETB 500.7M | — | ETB 248.2M | 0.1% |
| 15 | ETHIOPIAN ELECTRIC POWER* | ETB -22.8B | -23.1% | ETB 621.7B | — | ETB 355.1B | -6.4% |
* 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.