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Shabelle Bank Concludes Its 4th Annual General Assembly and Endorses Strong Growth Performance and Strategic Priorities
30
Dec, 2025
2 months ago
1 Comment
Shabelle Bank has successfully concluded its 4th Annual General Assembly (AGA), held on Sunday, December 28, 2025, in Jigjiga City, with the participation of shareholders, members of the Board of Directors, senior management, and invited stakeholders.
During the Assembly, shareholders reviewed and approved the Annual Report and Audited Financial Statements for the 2024/2025 financial year, in accordance with applicable regulatory requirements and sound corporate governance practices.
The Assembly was informed that the Bank delivered strong and consistent growth across key performance indicators during the reporting period, reflecting improved operational efficiency and prudent financial management. Notable achievements include:
- Total assets: ETB 6.03 billion. Significant growth in total assets, demonstrating strengthened balance sheet capacity.
- Customer deposits: ETB 2.27 billion. Robust increase in customer deposits, indicating growing public trust and confidence.
- Loan portfolio: ETB 1.73 billion. Expanded financing and loan portfolio, supporting productive sectors of the economy.
- Total Income: ETB 570.3 million. Improved revenue performance, compared to the previous year.
- Net profit: Increased 65.6%.compared to the previous year.
- Nationwide branch network: 65 branches. Continued expansion of branch network nationwide, improving access to financial services.
- Paid-up Capital: ETB 2.26 Billion. Enhanced capital position, reinforcing the Bank’s resilience and regulatory compliance.
The Bank also reported solid progress in executing its strategic initiatives, with particular emphasis on digital banking transformation, product diversification, branch expansion, and institutional capacity building.
Commenting on the outcomes of the Assembly, Mr. Ibrahim Osman Farah, Chairman of the Board, stated:
“The General Assembly reaffirmed Shabelle Bank’s commitment to strong governance, regulatory compliance, and sustainable growth. The Bank’s performance reflects our strategic focus on strengthening financial fundamentals while creating long-term value for shareholders and customers.”
Similarly, Mr. Abduljuhad Hassen Mohamed, Acting Chief Executive Officer, noted:
“Our growth across core financial indicators underscores the Bank’s dedication to customer-centric services, innovative digital solutions, and responsible financing that supports economic development and financial inclusion.”
Shabelle Bank reaffirmed its commitment to prudential banking practices, effective risk management, transparency, and full compliance with National Bank of Ethiopia directives, while continuing to contribute to national economic development.
For Further Information
Public Relations
Phone: +251257756976/77
Email: info@shabellebank.net Website: shabellebank.net
One Reply to “Shabelle Bank Concludes Its 4th Annual General Assembly and Endorses Strong Growth Performance and Strategic Priorities”
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December 31, 2025waa sii fiiacn