Commercial Bank of Ethiopia Opens 3 Interest -Free Banking Branches

cbe-logoThe Commercial Bank of Ethiopia (CBE) opened three new branches that give full-fledged interest-free banking services.

The three branches are “FitAwrari Amede Lema” at Merkato Bus Station, “Tewak” at Bethel Square and “Musab” at Alem Bank areas.

Bacha Gina, CEO and president of the bank, during his remark at the inauguration of the branches, said works are underway to increase the number of branches that give interest free-banking services.

Mr. Bacha mentioned more such branches will be opened before the conclusion of the Ethiopian fiscal year that started in July 2019.


Source: FBC

Exchange Rates

USD 32.8764  32.2318 
GBP 40.5618  39.7665 
EUR 35.5032  34.8071 
CHF 31.9660  31.3392 
CAD 22.4332  21.9933 
AED 8.0994  7.9406