CBE Earns 13.4bln Birr Profit in Nine-Month

ADDIS ABABA – Commercial Bank of Ethiopia (CBE) says on Wednesday it has made a profit of 13.4 billion birr in the past nine months.

The amount has increased by 5bln birr from the profit registered in the first half of the current 2020/21 fiscal year.

Officials of the state-run Bank are reviewing the performance of the 9-month plan.

President of the Bank, Abe Sano, on the occasion, said the bank has earned over 55.8 billion birr in during the period.

The Bank as done a great job in expanding access, increasing deposits and generating customers, the president said.

He also claimed  that the bank is strengthening its participation in international competitions as well as developing its technology capacity and branches.

Featured Image: A client uses an automated teller machine (ATM) at the Commercial Bank of Ethiopia in Addis Ababa, Ethiopia, July 31, 2019. [Photo File/Maheder Haileselassie]

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