Commercial Bank of Ethiopia Grosses 7 Billion Birr
The Commercial Bank of Ethiopia has earned more than 7 billion birr in the current Ethiopian fiscal year said a senior official with the bank.
The profits earned by the bank are higher then projected incomes for the financial year said the official.
The current gross of more than 7 billion birr is 67% higher than that of last year when the bank earned 4.2 billion birr.
The performance of the bank’s International Banking Department and the head office contributed a significant portion to the bank’s high profits.