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Ethiopia's Commercial Bank reports assets of $15.75B, with strong digital banking growth and exports over $4.5B.
Ethiopia's state-owned Commercial Bank of Ethiopia (CBE) reported a significant boost in assets, reaching about $15.75 billion, with total deposits at 1.541 trillion birr and loans at 1.393 trillion birr.
The bank disbursed over 88% of its loans to the private sector and has seen a surge in digital banking usage, with 717,000 customers using its tech platforms.
Meanwhile, the country's export revenue has surpassed $4.5 billion, driven by key commodities like coffee and gold.
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El Banco Comercial de Etiopía reporta activos de $15,75B, con fuerte crecimiento de la banca digital y exportaciones de más de $4,5B.