CBE claims top spot with $22bln total asset among East African banks
Addis Ababa, October 4, 2022 (FBC) – The Commercial Bank of Ethiopia (CBE) ranks first among all East African banks with a total asset of 22 billion USD, and it has almost double the assets of Kenyas’s Equity Bank Group, according to the data published by African Business.
CBE also became one of the top 3 best achieving banks from East Africa with a capital of 929 million USD in 2022, stated African Business report.
CBE announced that it landed the 3rd spot following Kenya’s Equity Bank Group ($1,558 million capital) and KCB Bank ($1,233 million capital) which occupy the first and second positions, respectively.