Commercial Bank of Ethiopia Earned Over $612 Mn Profit in 2018/19

cbe-logoThe Commercial Bank of Ethiopia (CBE), the largest commercial bank in East Africa, announced it has earned over $612.46 million (17.9 billion birr) in profit during the Ethiopian fiscal year that ended on July 7, 2019.

CBE made the announcement after reviewing its overall performance of the ended fiscal year. As per the review, the bank raised its deposit from last year's $15.45 billion (451.8 billion birr), to $18.5 billion (541 billion birr) this year. It also opened 157 new branches during the year.


Source: Fana BC

 

Exchange Rates

Selling
Buying
USD 32.8656  32.2212 
GBP 40.3570  39.5657 
EUR 35.4521  34.7570 
CHF 31.9067  31.2811 
CAD 22.4276  21.9878 
AED 8.0976  7.9388