Bank of Abyssinia Launches 5 Billion Birr Rights Offer Ahead of ESX Listing

As reported by Capital Newspaper

Summary

• Bank of Abyssinia launched a 5-billion-birr rights offer in early 2026 to raise capital in preparation for its planned listing on the Ethiopian Securities Exchange Main Market. The bank has completed securities registration and published a prospectus, placing it among the most advanced candidates for an ESX debut.
• At the same time, the bank is navigating a dispute with the Ethiopian Revenue and Customs Authority over dividend tax obligations. Abyssinia's net profit grew approximately 19% year-on-year in the most recent fiscal year, to around 3.87 billion birr. The bank has expanded its ATM and POS network significantly and is positioning itself as a digital financial services platform.
• For BirrValue users, Abyssinia is one of Ethiopia's larger private banks. Its capital strengthening may improve its FX capacity and service. Compare Abyssinia's buying and selling rates against CBE, Awash, and Dashen on [BirrValue](/banks) before converting or receiving remittances.