2merkato

The recent invitation put out by the Commercial Bank of Ethiopia for the supply of Automated Teller Machines and Point of Sales Machines has attracted fierce competition from international and local suppliers.

Three international technology suppliers, Moroccan M2M, Indian Copy Cat and CBM, are competing for the contract to supply 420 ATM machines to the Ethiopian Bank estimated to be worth millions of US dollars.

Two companies, M2M and SSC, have reached the last stages of the competition to supply 4000 units of POS machines according to sources.

The largest bank in Ethiopia and East Africa, the Commercial Bank of Ethiopia (CBE) announced it has collected $3 billion forex in the first half of the fiscal year 2018/19.

The Commercial Bank of Ethiopia (CBE) said it collected a revenue of $994 million (31.8 billion birr) in the first half of this Ethiopian fiscal year (2019/20).

The Commercial Bank of Ethiopia (CBE) and Oromia Cooperative Unions Expansion Agency signed an agreement to work together. The agreement will enable farmers to pay for fertilizes and agricultural equipment which they buy from the Agency using mobile banking.

The 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.