During the first half of the 2018 Ethiopian Fiscal Year, Zemen Bank’s total assets have reached
ETB 106 billion, while customer deposit has climbed to ETB 80 billion, reflecting the Bank’s
sustained growth and the strong confidence of its customers, according to Ato Dereje Zebene,
Chief Executive Officer of Zemen Bank.
Ato Dereje stated that, Zemen Bank achieved profit exceeding ETB 5 billion, and increased its
paid-up capital to ETB 14 billion. He noted that, compared to the same period last year, the Bank
has experienced a significantly improved and successful six-month performance.
Speaking at the closing of a review discussion on the Bank’s six-month performance, W/ro Enye
Bemir, Chairperson of the Board of Directors, together with members of the Board of Directors,
expressed their appreciation for the achievements made. They emphasized the need to work
even harder in the second half of the fiscal year to attain better results.
Ato Dereje also highlighted that the Bank’s growth should be measured by its contribution to the
broader economy and explained, “Our Bank’s growth is the growth of our customers. When we
say the Bank has grown, it also means our customers have grown by the same measure.”
He further underlined that Zemen Bank’s expansion contributes to national economic
development by mobilizing savings to increase credit supply, supporting investment growth,
enhancing foreign currency earnings, and enabling the country to benefit from these gains.
Through this process, the community benefits from improved financial services, while customers,
by accessing foreign exchange and credit facilities, can operate more effectively, create
employment opportunities, and contribute meaningfully to the national economy.
Ato Dereje emphasized that sustainable performance is founded on collective effort and mutual
trust. “Across all areas of operation, we must work collaboratively and diligently to meet our
customers’ needs. If we succeed in doing so, I am confident that in the coming six months we will
achieve even better results than we have today. Safeguarding our customers’ trust remains our
greatest responsibility,” he stated.
The half-year performance review meeting, held on January 24, 2026 and attended by senior and
middle-level management, reaffirmed Zemen Bank’s strong customer-focused banking services,
prudent financial management, and firm commitment to supporting Ethiopia’s economic
transformation
