Keyword Analysis & Research: commercial bank of ethiopia ssp

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Frequently Asked Questions

What is the commerical Bank of Ethiopia?

One of the predominant banks operating in Ethiopia is the Commerical Bank of Ethiopia, AKA CBE. Way before its establishment, the bank was under the State Bank of Ethiopia, which was founded in 1942. That led the way for CBE to be founded separately in 1963, before its unification with the, back then, Addis Ababa Bank in 1974.

How many people use CBE internet banking in Ethiopia?

With money digitization in mind, the bank has now more than two and a half million internet banking users as of last year. CBE is the first bank to introduce modern banking to Ethiopia. It was once the leading African banks with assets of 485.7 billion Birr as of June 30th, 2017.

Which is the largest bank in Ethiopia?

The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. It has more than 1,200 branches across the country and more than 120 branches in the capital of Addis Ababa alone.

What is the name of the sole bank in Ethiopia?

The merger of Addis Ababa Bank with CBE made CBE the sole commercial bank in Ethiopia, with 128 branches and 3,633 employees. In 1991, when Eritrea achieved its independence, the Eritrean government nationalized the branches there. In 1994 these branches formed the basis for what became the Commercial Bank of Eritrea.

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