Commercial Bank of Ethiopia awarded Computer Business Machines (CBM), a Lebanese IT vendor, a contract for the supply and installation of 200 Automatic Teller Machines (ATM). The ATMs are said to be worth 51 Million Birr.
The Commercial Bank of Ethiopia (CBE) earned US$ 1.1 billion from export trade in the 2012/13 fiscal year, according to The Reporter.
The state owned Commercial Bank of Ethiopia (CBE) disclosed it has advanced, in the past three months, over 14.2 Billion Birr as loan for mega government projects and also the private sector.
The Commercial Bank of Ethiopia (CBE) launched an international remittance service phone application called CashGo in collaboration with Golden Coffee Roastery PLC. The app will allow customers of CBE to remit money from countries such as Canada, Israel, America, Italy, South Africa, Sweden, UAE, England, and Saudi Arabia using their mobile phones via MasterCard and Visa Card.
The Commercial Bank of Ethiopia secured a Birr 13 billion profit during the past six months while it collected Birr 58.7 billion in revenue. The bank’s total assets also reached Birr 1.2 trillion and the bank opened 55 new branches increasing the number of its branches in the country to 1,879.
