Commercial Bank of Ethiopia Registers Record Profit in 2023/24
The Commercial Bank of Ethiopia (CBE) announced record-high profits and substantial growth across key indicators for the 2023/24 fiscal year.
Commercial Bank of Ethiopia reviewed the 2014/15 Nine Months Report
The Commercial Bank of Ethiopia (CBE) reviewed the 2014/2015 budget year nine months performance during the three days meeting held at Bahir Dar from April 23 to 25, 2015.
Commercial Bank of Ethiopia Secures $2.64Bn Forex from Remittances in a Year
Commercial Bank of Ethiopia (CBE) announced that it has secured $2.64 billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on July 8, 2021.
Commercial Bank of Ethiopia Successful During the 2021/2022 Fiscal Year
The President of the Commercial Bank of Ethiopia, Abe Sano, announced that the bank’s profit reached Birr 27.5 billion during the 2021/2022 fiscal year. The news was heard during the bank’s general assembly on Thursday.
According to the President, the profit secured in the just ended Ethiopian fiscal year was 43.9% higher than the profit obtained during the 2020/2021 fiscal year. The bank’s total assets also reached Birr 1.2 billion and its total deposits gained an 11% increment totaling Birr 154.9 during the last fiscal year.
Commercial Bank of Ethiopia to Buy Gold from Artisan Miners
The Ministry of Mines said yesterday that regional branches of the Commercial Bank of Ethiopia in Hawassa,
Jimma, Mekelle ans Assossa would start buying gold from suppliers as of October 3.
It was reported in mid July that artisan miners produced and supplied about 7,000 kg of gold to the National Bank of Ethiopia in the fiscal year to 7 July 2011. The amount was up by 144 percent from their output of 2,866kg of gold the previous fiscal year according to Sinkinesh Ejigu.
