ZamZam Bank reported a pre-tax profit of 1.23 billion birr for the 2024/25 fiscal year, an increase of 731 percent from the previous year, as it prepares to distribute a dividend to shareholders for the first time.

The bank’s fifth annual general meeting revealed total revenue of 2.2 billion birr, with expenses contained at 965 million birr. The performance follows early compliance with the National Bank of Ethiopia’s minimum paid-up capital requirement of five billion birr, achieved ahead of the regulatory deadline.

Customer deposits rose 69 percent year on year to 11.6 billion birr, exceeding internal targets, and have since climbed to 13.5 billion birr. Total assets reached 16.6 billion birr by the end of the fiscal year, up 839 percent, and have expanded further to 19.5 billion birr.

Chief executive officer Melika Bedri said the results reflect strategic investments in technology, which have strengthened operational efficiency and supported rapid growth.

The bank also confirmed that design work and consultant selection for its planned headquarters have been completed.