Commercial Bank of Ethiopia (CBE) Nets 14 bln birr Profit for 2020 – 2019, missing it’s target by a considerable margin
The Commercial Bank of Ethiopia (CBE) registered a net profit of 14 billion birr, achieving only 64 percent of its plan for the fiscal year 2019/2020. In a lamentation letter addressed to the staff, the President of the Bank, Abie Sano, stated that he has never reported such a result in his career as a banker and he lacks words to describe it.
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