Ethiopian Commercial Bank

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name: Ethiopian Commercial Bank

hot: 2908



The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2015, its assets were approximately 303.6 billion birr, accounting for approximately 67% of national bank deposits and approximately 53% of all bank loans.

The Ethiopian Commercial Bank has approximately 22,908 employees and more than 1,000 branches are located in major cities and regional towns in Ethiopia, including 120 branches in the capital Addis Ababa. As of February 12, 2016, it had 1,014 branches.

The Ethiopian Commercial Bank has opened two branches in South Sudan, and is considering opening branches in Djibouti, and opening branches in Dubai and Washington, D.C., to provide services to Ethiopian nationals.

The Commercial Bank of Ethiopia took the lead in introducing modern banking services into Ethiopia and played a huge role in the country’s economic development and development. It is also the first bank in Ethiopia to introduce ATM services for local users.

The Ethiopian Commercial Bank is headquartered in Addis Ababa, Ethiopia. Its president is Bekalu Zeleke, and its vice president of finance is Belay Gorfu.

In June 2014, the Ethiopian Commercial Bank had revenue of 9.9 billion birr, profit of 192.3 billion birr, total assets of 242.7 billion birr, and total equity of 10.7 billion birr.

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