The Commercial Bank of Ethiopia (CBE), the state financial institution, has become the top tax payer in Ethiopia paying 3.51 billion birr (about $121 million) during budget year of the country concluded July 7, 2019.
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently appointed president of EBE.
BY ANDUALEM SISAY GESSESSE – Following the recent restoration of ties between Ethiopia and Eritrea, many speculated that Djibouti’s economy would suffer. This is because the tiny East African country’s economy has been benefiting hugely after Ethiopia stopped using Asab Port in Eritrea two decades ago.
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.
Ethiopian government today announces sacking of two big state bank presidents. The Finance Institutions Enterprises Agency of Ethiopia has appointed new presidents for the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE).
The highly indebted government of Ethiopia announces the appointment of a new governor for the National Bank of Ethiopia (NBE), financial sector regulatory body of the country.