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.
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.
