Ethiopia: Commercial Bank Earned US$ 1.1 Billion from Export Trade in FY 2012/13
The Commercial Bank of Ethiopia (CBE) earned US$ 1.1 billion from export trade in the 2012/13 fiscal year, according to The Reporter.
Ethiopia: Commercial Bank Extended 14.2 Billion Birr Loan
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.
Ethiopia: Commercial Bank Launches a Remittance App in Collaboration with Golden Coffee
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.
Ethiopia: Commercial Bank of Ethiopia Registers a Birr 13 Billion Profit in Six Months
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.
Ethiopia: Commission Canceled 65 Investment Licenses in Three Months
During the first three months of the current fiscal year, Ethiopian Investment Commission (EIC) revoked over 65 investment licenses claiming they did not go operational in the time set for them.
