The Commercial Bank of Ethiopia (CBE) on Tuesday launched CBE Connect, a new digital platform designed to combine multiple financial services in a single application and enable direct transfers from global banks to Ethiopian fintech wallets.
Commercial Bank of Ethiopia (CBE) disclosed it has made 42.8 billion Birr of net profits in the GTP I period, 116 percent beyond its initial target, according to Capital.
Commercial Bank of Ethiopia posted a record 8.4 billion Ethiopian birr profit for the 2012/13 fiscal year, a sizable increase over the 7.9 billion birr reported in the same period last year.
The bank's general deposit has reached 154.4 billion birr and its general assets has totaled 198.3 billion birr, according to Yishak Mengesha, CBE's business development manager. The bank has opened 148 new branches across the country. The bank has also doubled the number of customers in reporting period to 6.9 million.
Commercial Bank of Ethiopia (CBE) has increased the prices of the 972 houses built under the 40/60 housing scheme and transferred to the lottery winners. The price to be increase reaches up to 124,000 Birr. The prices increase is said to be introduced following the interest rate adjustment.
The Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, has confirmed that it has released more than USD 1.3 billion in foreign exchange since July 1, 2025.
