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The Commercial Bank of Ethiopia (CBE) has earned 9.4 billion birr profit during its half-year Performance this Ethiopian fiscal year.
This was disclosed at the performance evaluation meeting held from  January 25 - 26, 2019 in Addis Ababa.
CBE President Bacha Gina said on the occasion, the bank has surpassed the planned target for six months.
He added that the bank has also mobilized a deposit of 29.8 billion birr in the stated period. As a result, the total deposit of the bank reached 481.7 billion birr.
The number of branches has reached 1346, following the opening of 59 branches in six months. According to the president, the number of account holders has now exceeded 20 million.
With respect to foreign currency earning, CBE has collected USD 3 billion from remittance, export and other sources, it was learned. President Bacha pointed out that the foreign currency earned has been allotted to national, private and government development projects.
The bank is strengthening its efforts to increase the number of customers who use technology-based banking services. This, in the long run, would help create cashless society.