CBE reaps over 13.4 Billion Birr in profit

Addis Ababa, April 28, 2021 (FBC) – The Commercial Bank of Ethiopia (CBE) said it has earned 13.4 Billion Birr gross profit during the past nine months.

President of CBE, Abe Sano said the bank earned more than 55.8 Billion Birr income in the last three quarters of the current Ethiopian fiscal year.

He added that the bank has attained commendable achievement during the budget year and managed to increase number of customers and mobilize a huge amount of deposit in the time mentioned.

The bank is rapidly expanding its branches and working aggressively with support of up-to-date technologies to attain global competence.

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