Ethiopia: CBE Celebrates 10 Years of Interest-Free Banking with CBE Noor

The Commercial Bank of Ethiopia (CBE) celebrated the 10th anniversary of its CBE Noor service, which offers interest-free banking according to Sharia laws.

The Commercial Bank of Ethiopia (CBE) celebrated the 10th anniversary of its CBE Noor service, which offers interest-free banking according to Sharia laws.

The Commercial Bank of Ethiopia (CBE) has disbursed over Birr 264 billion in loans over the past eight months, with the majority directed toward the private sector, according to its president, Abe Sano.
The Commercial Bank of Ethiopia (CBE) has earned a gross profit of 4.6 billion birr in the first half of the 2013/14 fiscal year, Fortune reported.
The state owned Commercial Bank of Ethiopia (CBE) extended over 31.8 billion Birr loan to mega projects and the private sector in the first half of the current fiscal year.
Commercial Bank of Ethiopia (CBE) disclosed in the first 6 months of the current fiscal year, it extended more than 40 billion Birr loan for different development projects.