Ethiopia’s Commercial bank deposit reaches US$ 4 billion

APA-Addis Ababa (Ethiopia) The Commercial Bank of Ethiopia (CBE) announced on Thursday in Addis Ababa that its deposit has reached around US$4 billion, which shows over US$ 70 million... Read more »

How Much Ethiopian Bank Presidents Make?

(Addis Fortune/All Africa Global Media via COMTEX) The banking sector, comprising a total of 15 banks, is the highest performing in the country, showing a record performance every year,... Read more »

Islamic Banks to enter financial sector

Finally responding to a strong public demand, the National Bank of Ethiopia (NBE) is about to approve a directive that paves the way for the establishment of Islamic banks.... Read more »

Ethiopian Telecom Failure Forced Bank Branches Opening Delay

Ethiopia Telecommunications Corporation’s (ETC) failure to offer efficient services, especially broadband Internet, is limiting banking services in Addis Ababa to the point where banks are postponing opening new branches... Read more »