The history of Commercial Bank of Ethiopia (CBE) dates back to the establishment of the State Bank of Ethiopia in 1942. CBE was legally established as a share company in 1963. Since then, it has been playing significant roles in the development of the country. Currently CBE has more than 38.9 million account holders in its more than 1879 branches and the number of Mobile and Internet Banking users also reached more than 6 million and 39K. Active ATM card holders reached more than 8.8 million and

The history of Commercial Bank of Ethiopia (CBE) dates back to the establishment of the State Bank of Ethiopia in 1942. CBE was legally established as a share company in 1963. Since then, it has been playing significant roles in the development of the country. Currently CBE has more than 39 million account holders in its more than 1950 branches and the number of Mobile and Internet Banking users also reached more than 6 million and 39K. Active ATM card holders reached more than 8.8 million and m

The history of Commercial Bank of Ethiopia (CBE) dates back to the establishment of the State Bank of Ethiopia in 1942. CBE was legally established as a share company in 1963. Since then, it has been playing significant roles in the development of the country. Currently CBE has more than 39 million account holders in its more than 1950 branches and the number of Mobile and Internet Banking users also reached more than 6 million and 39K. Active ATM card holders reached more than 8.8 million and m

#Ethiopia shifts to market-based exchange rate with immediate currency devaluation The National Bank of Ethiopia (#NBE) announced today a major revision of the country's foreign exchange regime, shifting to a market-based exchange rate effective immediately. Following the announcement, the Commercial Bank of Ethiopia released a new exchange rate, devaluing the birr by 30 percent against the dollar. In April, Reuters reported that Ethiopia might need to consider a significant currency devaluation