Message of the President
The Commercial Bank of Ethiopia (CBE) is the oldest and the most successful financial service provider in Ethiopia. In the amount of deposit it mobilizes, the credit it avails and other modern and technology based bank products as well as services it provides, the Bank hold a leading position in the industry. CBE is celebrating its Diamond Jubilee (75th anniversary) with all these remarkable achievements.
Ethiopia, the second most populous country in Africa, is striving hard to transform itself into a middle income country by 2025. A well experienced Bank like the Commercial Bank of Ethiopia plays a crucial role as a catalyst in this development endeavor.
The expectations from our development partners on one hand and our vision to become a world class commercial bank by 2025 on the other are enough reasons to work very hard and continue with our pioneering role in the industry. To this end, CBE has designed a five years strategic plan that enables the Bank to support the country’s development in a meaningful and sustainable manner, to bring the unbanked section of the society to the service, to mobilize substantial amount of resource, and to closely follow and leverage state-of-the-art banking technology.
With 66.1 percent share of the total deposit, 31.5 percent capital, 52.6 percent credit and 36.3 percent branch network in the sector, CBE hold leadership position in all parameters in the domestic industry. The statistics is a clear indicator of the fact that CBE is the most reliable and accessible bank in the country. Its experienced workforce and technological capability add to its competitiveness. We are confident that this leadership position will solidly maintained for years to come. The strategic direction we have drawn and the subsequent medium and long term plans that emanate from them are indeed forces enough to propel our leadership position.
As part of its vision of becoming a world-class commercial bank by 2025, CBE is implementing overseas branch expansion projects to make its presence felt in different parts of the world. We have already opened subsidiaries in some neighboring countries where Ethiopia has close trade ties, and where Ethiopian Diaspora community is large.
We invite you to bank with us and make your banking experience enjoyable!
President, Commercial Bank of Ethiopia