Shabelle Bank Reports Tenfold Profit Increase to 231 Million Birr

Shabelle Bank reported pre-tax profit of 231 million birr for the 2025/26 financial year, marking a sharp rise from the preceding year. Its unaudited results showed a 1,055 percent increase in that measure, alongside substantial growth in deposits and financing.

Deposits and financing drive expansion

Customer deposits reached approximately 4.7 billion birr, up 122 percent. The financing portfolio increased 101 percent to 3.5 billion birr, while total assets rose 55 percent to around 9.7 billion birr. Annual financing disbursements amounted to 2.5 billion birr.

Income and customer reach

Operating income grew 66 percent to 941 million birr. Expenses increased more slowly, by 35 percent, to 709 million birr. The difference in growth rates provides context for the improvement in earnings, alongside the expansion in the bank's financing business.