The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently appointed president of EBE. He stated that in the last nine months CBE has mobilized 52 billion birr (around $1.8 billion) from depositors. According to June 2018 annual report of CBE its total asset was 565.50 billion birr with net income of 10.32 billion birr. About 35.3 percent of the total bank branches were located in Addis Ababa. “Aided by remarkable branch expansion, deposit liabilities of the banking system topped 730.3 billion birr, reflecting 28.4 percent annual growth rate.

Source: Ethiopian News April 23, 2019 16:07 UTC