CBE Posts Highest-Ever Growth, New Deposits

Jul 6 , 2025


[ssba-buttons]

The Commercial Bank of Ethiopia(CBE), has announced a record-breaking 515 billion Br in new deposits during the 2024/25 fiscal year, pushing its total deposits to 1.69 trillion Br. In a message shared with customers and staff, the bank’s leadership attributed the milestone to the trust of clients, the strategic direction of the board, and the commitment of employees at all levels. The achievement, hailed as historic, is seen as a testament to the institution’s resilience, customer-first approach, and cohesive teamwork. It also signals growing public confidence in the banking system despite persistent economic challenges. The bank plans to build on this momentum to further strengthen its service offerings and national footprint.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...