Commercial Bank of Ethiopia (CBE) disclosed it will hold a lottery draw on July 8, 2017 for houses built under the 40/60 housing scheme. The bank took delivery of the houses from the Addis Ababa Saving Houses Development Enterprise.
The state owned giant, Commercial Bank of Ethiopia (CBE), disclosed it is intending to open branch offices in countries that has a big number of Ethiopian communities.
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.
