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[Oct 2017] Western Union Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Commercial bank of Ethiopia (CBE) earns 1.1 million USD from Exports

CBE Award dollar[2013]

Ephrem Mekuria, communication manager with CBE, told The Reporter that the bank earned a total of USD 5.8 billion from international banking department (IBD) in the budget year. Ephrem said exporters brought USD 1.1 billion from the export and the remaining was earned from remittance and other transactions.

The bank made a gross profit of 8.4 billion birr.

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Commercial Bank of Ethiopia (CBE) Awards Ethiopia's Top Dollar Earning Companies

The Commercial Bank of Ethiopia (CBE) honoured exporters and money transfer agents who promoted the bank’s portfolio in terms of earning huge foreign exchange here Thursday at Sheraton Addis. The award is aimed at recognizing them and strengthening the export sector. The Bank has been giving its services for the last 70 years uninterruptedly regardless of changes of government.

The exporters are those engaged in money transfer, coffee, leather, textile and mineral sectors. MIDROC Ethiopia, Western Union and Dehabshiil Money

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