Abay Bank Rings the Bell: Fifth Company to Trade on Ethiopia's Stock Exchange

As reported by Addis Insight

Summary

• Abay Bank began trading on the Main Market of the Ethiopian Securities Exchange (ESX) on June 25, 2026, becoming the fifth company to join the exchange after registering its ordinary shares with the Ethiopian Capital Market Authority. The bank listed under the ticker ABAYB through a listing by introduction, which means existing shareholders can trade their shares but the bank is not issuing new stock or raising fresh capital. The shares debuted at 1,800 birr each, making all 9,657,286 ordinary shares tradable.
• For the fiscal year ended June 30, 2025, Abay Bank reported strong growth, with a net profit of about three billion birr, total assets of more than 91 billion birr, and deposits of about 72 billion birr. The bank has shifted much of its transaction volume to digital channels and expanded to more than 540 branches. It joins Wegagen Bank, Gadaa Bank, and Awash Bank on the exchange, while Ethio Telecom became the first non-financial company to list after a public share offer in May 2026. The ESX is aiming for at least nine listings before the fiscal year closes in July 2026.
• For BirrValue users, a deeper capital market supports the long-term health of Ethiopia's banks and financial system, which underpins FX services and remittance handling. Day-to-day exchange rates still come down to what each bank offers. Compare CBE, Awash, Dashen, Abyssinia, and other banks on [BirrValue](/banks) before you send or convert.