Sidama Bank’s Bold Start into Commercial Banking Meets a Tough Reality
[Addis Fortune - Ethiopia] - 27/04/2025
Key Takeaways: Sidama Bank’s assets surged to 2.62 billion Br by 2023/24, doubling from the prior year. Operational costs and branch expansion pressed profitability; net profit halved to 27.1 million Br. Substantial growth in deposits signals rising customer trust, posing both opportunities and (…)
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