Dashen Bank Prospectus: New Share Issuance to Existing Shareholders

Metric	FY 2025	FY 2024	FY 2023	3-Year Growth
Net Interest Income (ETB ‘000)	14,033	12,164	9,347	50%
Net Operating Income (ETB ‘000)	20,737	17,197	12,710	63%
Profit Before Tax (ETB ‘000)	6,685	6,363	5,017	33%
Total Assets (ETB ‘000)	254,487	183,721	144,764	76%
Total Deposits (ETB ‘000)	202,238	145,860	114,968	76%
Outstanding Loans & Advances (ETB ‘000)	127,297	108,067	95,046	34%

The prospectus indicates that as capital increases, lending capacity and deposit mobilization, particularly low-cost deposits, will be critical for funding future growth.

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🔹 Listing Status

Dashen Bank shares are not currently listed on the Ethiopian Securities Exchange (ESX) as of December 25, 2025. Approval of the prospectus and share registration does not equate to a listing, though the bank is in the works to list. No official timeline has been provided.

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🌍 Domestic Strength and Future Competition

While Dashen Bank remains one of Ethiopia’s largest private banks, the prospectus notes medium- to long-term competitive risks from potential entry of foreign banks. International entrants may bring:

• Cheaper funding
• Advanced technology
• Enhanced trade finance capabilities

This highlights the importance of efficiency and innovation for the bank to maintain competitiveness.

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💻 Digital Strategy as a Key Factor

Dashen Bank is investing in digital channels, mobile banking, and service efficiency improvements. With Ethiopia moving toward a cash-lite and digital economy, execution speed and digital capability are becoming major differentiators. Strong performance in this area could boost competitiveness, while delays or underperformance may increase vulnerability to both local and foreign competitors.

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This new share issuance, combined with ongoing digital and operational investments, positions Dashen Bank to expand its capital base and strengthen its market presence ahead of eventual ESX listing opportunities.

DOWNLOAD THE PROSPECTUS