Dashen Bank, CR2 Extend Digitalisation Partnership Deal

Feb 5 , 2022


Dashen Bank and CR2, an Irish-owned banking software provider, have extended a partnership deal that would see the Bank move to digitalise its branch network. Dubbed the 'Branch Transformation Programme,' the overhaul will include phasing out traditional teller services in favour of digital points of access such as ATMs and in-branch self-service terminals. The two firms have a history of working together, with Dashen having chosen CR2's BankWorld digital banking platform to provide services to its digital banking customers and the 3.5 million users on its Amole digital wallet. Dashen Bank mobilised 74.6 billion Br in deposits last year through a branch network of 454, 30 of which were newly-opened. The Bank netted 1.73 billion Br in profits last year, recording a 12pc growth.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email