banks – New Business Ethiopia

Ethiopia banks capital hikes 8%

January 10, 2019January 10, 2019 newbusinessethiopia

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at the prevailing exchange rate) at the end of last Ethiopian fiscal year ended June 2018.

Commercial Bank of Ethiopia struggles to make profit in Djibouti

December 7, 2018December 8, 2018 newbusinessethiopia

By Andualem Sisay Gessesse – Djibouti – Commercial Bank of Ethiopia (CBE), which reopened its branch in Djibouti 18 months ago, is still struggling to make profit.

Ethiopia’s banking industry grows double digit

March 17, 2017March 17, 2017 newbusin

A new report predicts double digit growth of Ethiopia’s banking industry. Ethiopia’s commercial banking sector will post a steady expansion over 2017, with both loan and deposit growth continuing on a strong upward trend, according to Business Monitor International (BMI) latest report on banking industry of Ethiopia.