The study deals with assessment of financial performance analysis in Ethiopian commercial banking sector for a period of five years (2007-2011). It was found that state owned bank, Commercial Bank of Ethiopia stands first in assets management where as Awash International Bank took the first rank in terms of profitability performance. The third finding explains that Construction and Business Bank pertains to stand last in terms of liquidity management. Lastly, Private owned bank, United Bank stood at the first rank in terms of solvency and risk management among all sample banks under study.