Wegagen Bank is a prominent private commercial bank in Ethiopia, recognized for its resilience and recent aggressive growth in the digital and corporate banking sectors.
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Bank Overview
- Founded: 1997
- Total Assets: 84.7 billion ETB (as of June 2025)
- Branch Network: 458 branches across Ethiopia
- Revenue Growth: 46% surge in net operating income (2024/25 fiscal year)
- Profitability: Record gross profit of 3.85 billion ETB; 25.3% Return on Equity (ROE)
Earnings Per Share (EPS)
- 2021: 7.50%
- 2022: 15.10%
- 2023: 20.40%
- 2024: 36.90%
- 2025: 46.10%