The Commercial Bank of Ethiopia (CBE) introduced an upgraded version of its digital wallet, CBE Birr Plus, aiming to serve the increasing digital platform user base. The move comes as digital transactions continue to dominate the banking landscape, accounting for a substantial 72 percent of the bank’s total transactions in the past fiscal year, according to Deputy and Acting President Ephrem Mekuria.
Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering signed an agreement with the Commercial Bank of Ethiopia (CBE) to implement and support Enterprise Resource Planning, Business Intelligence and Enterprise Performance Management (Hyperion) systems.
Commercial Bank of Ethiopia (CBO)’s total asset has reached 242.7 Billion Birr by the end of the previous fiscal year. This figure is just eight Billion Birr short of quarter of a trillion.
Commercial Bank of Ethiopia (CBE), the government owned giant, disclosed its total deposit has reached 347.1 billion Birr. There is a huge increase when compared to last year’s deposit which stood at 288.5 billion Birr.
The Commercial Bank of Ethiopia (CBE) announced that its digital financial transaction volume had exceeded Birr 1.3 trillion in the first quarter of the current fiscal year.
