Nib International Bank posted a pre-tax profit of 2.2 billion birr for the first half of the 2025/26 fiscal year, rebounding from a 2.9 billion birr loss in 2024/25 caused by foreign exchange adjustments linked to Ethiopia’s currency liberalisation.

Total assets reached 71.3 billion birr, total revenue rose to 6.7 billion birr, and total capital increased to 9.7 billion birr, up 23.7 percent or 1.9 billion birr from the previous fiscal year. The bank recorded a return on equity of 57.1 percent and a return on assets of 6.6 percent.

Customer deposits exceeded 4.6 million, while users of the NIBtera digital platform grew 35.7 percent to 1.3 million. Nib’s branch network expanded to 432 outlets alongside continued investment in digital channels.

The result follows a difficult prior year for the lender. Nib was among the banks hit by Ethiopia’s currency liberalisation, reporting a 2.9 billion birr pre-tax loss in the 2024/25 fiscal year, largely due to foreign exchange revaluation adjustments linked to the shift to a market-based exchange rate regime.

Management said the performance was supported by the bank’s strategic plan, which prioritises customer-focused services and digital expansion amid intensifying competition in Ethiopia’s banking sector.