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Commercial Bank of Ethiopia earns close to 18bn birr profit

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Addis Ababa, August 16, 2019 (FBC) – The Commercial Bank of Ethiopia (CBE) earned a 17.9 billion birr profit last Ethiopian fiscal year, which ended July 7.

The bank reviewed its last year’s (2011 EC) performance today.

According to the performance review, the bank raised its total deposit to 541.2 billion birr from 451.8 billion birr the previous year.

It also opened 157 new branches.