CBE Generates 58b Br in Half-Year Revenues

Mar 5 , 2022

The Commercial Bank of Ethiopia (CBE) generated 58 billion Br in revenues over the first half of the financial year, according to the Ministry of Finance. The Ministry conducted a half-year assessment with the executives of the state-owned giant last week. The Bank managed to generate 1.2 billion dollars in revenues over the reporting period. Its deposits have surpassed 823 billion Br, a 21pc growth from last year. The figure represents over half of the 1.5 trillion Br in aggregate deposits mobilised by the banking industry. Last month, the CBE inaugurated its 48-storey headquarters in Addis Abeba, built at a cost of 303 million dollars.