by AllureAdmin | Feb 14, 2022 | News
The Commercial Bank of Ethiopia, formed in 1942, started with only two branches. It was established with a one million Maria Theresa capital in 1942 and currently has a 1.1 trillion ETB in assets, 3.4 million customers, and 1,795 branches. It is the largest commercial...
by AllureAdmin | Dec 14, 2021 | Business
The Commercial Bank of Ethiopia has been among the top 100 African banks for over a decade. According to the Statista November data, the Commercial Bank of Ethiopia was the largest bank in East Africa in terms of assets as of 2021. It has nearly 24 billion USD in...
by AllureAdmin | Dec 12, 2021 | Business
In August 2021, the NBE suspended all commercial banks from providing loaded backed by collateral. It also ordered the freeze of disbursement of loans already approved. This restriction has impacted the economy as loan demand has risen in recent months. The 3-month...
by AllureAdmin | Nov 30, 2021 | Business
The African Export-Import Bank (Afreximbank) has pledged US$500 million to support Ethiopian commercial banks through the Afreximbank Trade Facilitation (AfTRAF) Program, which includes a variety of products aimed at increasing intra-extra African trade volumes,...
by AllureAdmin | Jul 9, 2021 | Business
Ethiopia’s biggest mall located in the affluent area bole within the capital Addis Ababa was reportedly in foreclosure for under a month before being auctioned and sold to Chinese East Steel The Ethiopian Reporter, a local news source, on Saturday, June 05 reported...
