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January 23, 2020
  • The history of the Commercial Bank of Ethiopia (CBE) dates back to the establishment of the State Bank of Ethiopia in 1942.
  • CBE was legally established as a share company in 1963.
  • In 1974, CBE merged with the privately owned Addis Ababa Bank. Since then, it has been playing significant roles in the development of the country.
  • Pioneer to introduce modern banking to the country.
  • It has more than 1456 branches stretched across the country.
  • The leading African bank with assets of 711.96 billion Birr as on June 30,  2019.
  • Plays a catalytic role in the economic progress & development of the country.
  • The first bank in Ethiopia to introduce ATM service for local users.
  • Currently CBE has more than 22 million account holders and the number of Mobile and Internet Banking users also reached more than 2.5 million as of June 30th 2019 . Active ATM card holders reached  more than 8 million.
  • As of June 30, 2019, 2,513 ATM machine and 9,539 POS machines were available. 
  • It has strong correspondent relationship  with more than 50 renowned foreign banks like Commerz Bank A.G., Royal Bank of Canada, City Bank, HSBC Bank,...
  • CBE has a SWIFT bilateral arrangement with more than 700 others banks across the world.
  • CBE combines a wide capital base with more than 37,894 talented and committed permanent employees and more than 22,000 outsourced jobs as of June 30, 2019.
  • Pioneer to introduce Western Union Money Transfer Services in Ethiopia early 1990s and currently working with other 20 money transfer agents like Money Gram, Atlantic International (Bole), Xpress Money,...
  • CBE has opened four branches in South Sudan and has been in the business since June 2009.
  • CBE has reliable and long-standing relationships with many internationally acclaimed banks throughout the world


To become a world-class commercial bank by the year 2025.



We are committed to realize stakeholder's  values  through enhanced financial intermediation by deploying the best professionals and technology.



Our core values detailed below are the operating principles that guide our internal conduct as well as our relationship with our customers, partners, and shareholders.


1. Integrity

2. Service Excellence

3. Professionalism

4. Empowerment

5. Learning Organization

6. Team Work

7. Respect for Diversity

8. Corporate Citizenship

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