Commercial Bank of Ethiopia (CBE) said it was increasing the use of technology in its financial services and able to facilitate more than Birr 1.9 trillion in digital transaction in 2022.
Commercial Bank of Ethiopia (CBE), the largest bank in East Africa, announced that its total deposit has now reached 504 billion birr. The bank made the announcement during its nine-month performance evaluation session held in the city of Adama, April 19 to 20, 2019.
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.
The Commercial Bank of Ethiopia installed CORE launching solutions introducing the upgraded, centralized, online, real time service as of last week.
In accordance with the mandate put out by the National Bank, 34 branches of CBE have managed to interface with the National Payment System with the effective migration of information on more than 1 million accounts.
The bank expects to finalize work on all of its 92 branches in Addis Ababa in the next two months and to integrate the main regional towns by the end of the current financial year according to an anonymous official at the Bank.
The Commercial Bank of Ethiopia (CBE) inaugurated its subsidiary branch in Djibouti.
