Zemen Bank has secured a combined 85 million US dollars in trade finance facilities from the African Export–Import Bank and the Trade and Development Bank, strengthening its ability to support importers and exporters amid rising demand for foreign currency.

The bank said the new financing will enable it to process a larger volume of trade transactions and improve access to foreign exchange for priority sectors, complementing a period of robust financial performance. In its 2024/25 financial year, Zemen Bank reported a net profit of 5.87 billion birr, a 145 percent increase from the prior year, while total revenue rose 86 percent to 14.4 billion birr. Customer deposits climbed to 64.7 billion birr, and total assets expanded to 88.6 billion birr, reflecting the bank’s growing capacity to meet market demand. Foreign currency mobilisation reached 588 million US dollars.

Zemen Bank expressed appreciation to both Afreximbank and TDB, noting that the continued support of the two institutions reflects confidence in the bank and its role in facilitating Ethiopia’s trade and broader economic growth.