2merkato

The Commercial Bank of Ethiopia is to purchase more than 1,400 units of note counting machines at an estimated cost of 30 million birr.

The order has been placed with the Ethiopian Trade Contacts plc which won the bid to supply the machines for 19,085 birr a machine.

The machines will be supplied by ScanCoin, a Swedish manufacturer of cash processing solutions. The SC-1500 model of machine to be supplied to the Ethiopian bank will possess accuracy enhancing features such as chain fed notes and automatic detection of double bank notes.

The Commercial Bank of Ethiopia (CBE), the country’s largest state-owned bank, is set to receive its first major loan from the World Bank.

The total assets Commercial Bank of Ethiopia (CBE), Ethiopia's state-owned bank that is the largest in East Africa, now stand close to a trillion birr. The total deposits of the bank have reached 735 billion birr, with a collection of 140 billion birr during the 2020/21 fiscal year, and generating a gross profit of 20 billion birr.

The Commercial Bank of Ethiopia (CBE) revealed that its total assets reached Birr 1.9 trillion. The bank’s President, Abe Sano, attributed this achievement to the macroeconomic reforms implemented across the country, which have shifted CBE from a state of existential crisis to a trajectory of robust growth.

Commercial Bank of Ethiopia (CBE), in partnership with Solget Travel Agency, announced they have made a deal to jointly launch an electronic flight booking application. The app, dubbed GuzoGo (Guzo, Amharic for "travel"), will enable passengers reserve flights and pay via the CBE Birr platform.