Tag: bank

The Auditor General, Gemechu Dubisso, is reported to have declined his appointment as member of the board of directors of the state owned Commercial Bank of Ethiopia (CBE) this week, The Reporter has learnt.

Wegagen Bank has become the third private bank in the industry to gross a billion birr profit before tax following Awash and Dashen banks. Wegagen profited 1.05 billion birr before tax.

Standing at the tenth year of its establishment, Oromia International Bank registered a record 140 percent growth in its gross profit level bagging 938 million birr in the FY 2017/18.

With a growing Chinese presence within Ethiopia, China Communications Construction Company Ltd (CCCC) is set to make its regional head office at Addis Ababa. To be called CCC’s East Africa Head Office, Technology and Innovation Center for Construction Technologies, it will be situated on a 30,000 m2 plot of land.

The morale of the employees of the Commercial Bank of Ethiopia (CBE) has been dented for being left out of the benefits package and employees’ reassignment that came after the restructuring of the state-owned bank.