Tuesday, May 17, 2016

CBE Bagged 10.9 Billion Birr Profit

Commercial Bank of Ethiopia (CBE) bagged gross profit of 10.9 Billion Birr in the first 9 months of the current fiscal year.
During these 9 months the bank raised its total asset to 359.3 billion Birr while disbursing loan close to 64.9 billion Birr.
In the said period, CBE’s total deposit reached 272 billion Birr collecting 30.4 billion Birr in the 9 months. As to foreign exchange, the bank collected 3.4 billion USD from different sources.
According to Fana Broadcasting Corporate (FBC) 740 automated teller machines (ATM) and 4,458 point-of-sale (POS) terminals were deployed during the period.
Source: Fana Broadcasting Corporate

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