KEYIR NEWS - In a promising sign of resilience and ambition, SIKET Bank has concluded the 2024/25 fiscal year with remarkable achievements, cementing its position as a growing force in Ethiopia’s banking industry.
A performance review forum held over two days in July shed light on the bank’s upward trajectory, underlined by a capital base that now stands at 9.3 billion birr and total assets of 19.2 billion birr.
With deposits reaching 7.6 billion birr, the bank recorded an income of 2.7 billion birr and netted a profit exceeding 1.4 billion birr. The strong financial showing reflects robust internal governance and customer confidence amidst an evolving macroeconomic environment.
SIKET Bank CEO, Damtew Alemayehu, addressed attendees at the forum with a tone of cautious optimism. He noted that the institution not only met, but in many areas exceeded, its performance indicators.
Looking ahead, the CEO unveiled a new five-year strategic roadmap designed to sustain growth and keep the bank competitive, with partnerships underway involving both domestic and international stakeholders.
Beyond balance sheets and bottom lines, the bank also reinforced its commitment to corporate citizenship. Over 56 million birr was allocated to social development initiatives during the year, signalling the institution’s belief in shared prosperity.
The event concluded on a celebratory note, honouring high-performing districts, branches, and individual staff members with awards, certificates, and cash prizes, testament to the bank’s culture of recognition and performance-driven ethos.
As Ethiopia’s financial landscape shifts in the face of economic reforms and digital transitions, SIKET Bank’s fiscal prudence and social conscience offer a compelling case for homegrown banking leadership.