The Commercial Bank of Ethiopia (CBE) achieved a record 303 billion Br in deposits in the first seven months of the budget year—the largest deposit amount in the Bank's history. Total deposits now sit at over 1.4 trillion Br. The CBE attained 147.6pc of forecasts and now accounts for 58.3pc of the sector’s total. The total amount of loans provided by the Bank has reached over 1.3 trillion Br, with 88pc of the 153.32 billion Br in loans disbursed by the mid-budget year going to the private sector. Also, 58.5 billion Br of the total loans were provided through CBE’s Sharia-compliant service. Total non-performing loans decreased to reach 2.7pc. In the first half, over 5.4 trillion Br in transactions were carried out through the Bank's digital payment options, totalling over 910 million transactions. This accounts for approximately 80pc of the Bank's total transactions. The digital transaction volume increased by 80pc and the value of transactions increased by 90pc compared to the same period last year.
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