Ethiopia: CBE Became the First Bank to Adopt IFRS
Commercial Bank of Ethiopia (CBE) adopted International Financial Reporting Standards (IFRS). The bank managed to do this a year ahead of the time period National Bank of Ethiopia set for the banks.
Ethiopia: CBE Birr Allows Fuel Payment
The Commercial Bank of Ethiopia (CBE), the Ministry of Transport and Logistics, and National Oil Ethiopia jointly announced the launch of two digital applications, CBE Birr and Fuel Up, that facilitate the payment of fuel transactions with the aim of modernizing the fuel payment system.
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.
Ethiopia: CBE Disburses Over Birr 264 Billion in Loans
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.
Ethiopia: CBE earned Gross Profit of 4.6B Birr in the first half of FY 2013/14
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.
