Abyssinia Bank has officially listed on the Ethiopian Securities Exchange (ESX) Main Market, becoming the latest financial institution to join the nation's nascent capital market. The listing follows the completion of regulatory requirements mandated by the Ethiopian Capital Market Authority.
The move marks a shift for Abyssinia Bank, which has operated in Ethiopia for over two decades. By entering the public market under the ticker symbol BOAX, the institution commits to higher standards of corporate governance, transparency, and accountability to its shareholders. Since its debut, the stock has shown strong momentum; having launched at a listing price of 1,600 ETB, the shares are now trading around 2,000 ETB. Investors can track real-time performance through our Live Stock Price portal.
During the ceremonial bell-ringing event held on July 28, 2026, Tilahun Esmael Kassahun, CEO of the Ethiopian Securities Exchange, noted that the listing demonstrates growing confidence in the country's market institutions. The addition of Abyssinia Bank is expected to contribute to the liquidity and diversity of the exchange, providing investors with broader access to established financial sector assets.
Context for Investors
Abyssinia Bank remains one of the largest players in the Ethiopian banking sector. According to Aksion.ET verified data for the 2025 fiscal year, the bank reported total assets of 286.23 billion ETB and deposits totaling 243.18 billion ETB, with a net profit of 7.30 billion ETB and a paid-up capital of 15.00 billion ETB. For a deeper analysis of the institution's historical performance, visit the Abyssinia Bank profile page.
The inclusion of major banks on the ESX is viewed by market observers as a necessary step in mobilizing long-term capital for the private sector. As more companies list, the exchange aims to build a more robust platform for wealth creation and formal investment, moving beyond traditional bank-based financing models. Those looking to explore further investment opportunities in the country can utilize our Data Intelligence tools to monitor market trends.
