Global Bank Ethiopia said it has increased its paid-up capital to 5 billion birr, meeting the minimum threshold set by the National Bank of Ethiopia (NBE) for commercial banks ahead of the regulatory deadline.

Under an NBE directive issued in 2021, all banks are required to raise their paid-up capital to at least 5 billion birr by June 30, 2026, as part of efforts to strengthen the resilience and capital base of the banking sector. Global Bank Ethiopia said it has complied with the requirement ahead of schedule.

The lender reported a pre-tax profit of 1.17 billion birr for the 2024/25 fiscal year, before provisions, taxes, and other deductions. Total income rose 37 percent to more than 5.56 billion birr during the period.

As of June 30, 2025, total assets exceeded 34.4 billion birr, representing a 42 percent increase from the previous year. Deposits grew 41 percent to reach 25.75 billion birr.

Chief executive officer Tesfaye Boru (PhD) said the capital increase followed shareholder participation and reflected progress in deposit mobilisation and service delivery. He added that the bank continues to operate in line with regulatory requirements.

During the fiscal year, Global Bank Ethiopia expanded its branch network and continued to provide services through its core banking and digital platforms. The bank has previously received regional recognition related to savings mobilisation and digital banking services.