Tuesday, October 4, 2022

    Tag: CBE

    CBE faces USD half a billion slump in Forex earnings

    Commercial Bank of Ethiopia (CBE) faces almost half a billion dollar drop in foreign currencies secured from remittance and export, a new report revealed.

    Amhara Bank in dispute with commercial banks over unpaid interest

    Amhara Bank is at loggerheads with 10 banks over repayment of interest on the paid-up capital it has collected.

    CBE to raise interest rates, service charge

    The Commercial Bank of Ethiopia (CBE) announced it is working to make interest rate adjustments on borrowing. Officials of the state-owned bank told The Reporter that the final document stipulating up to two percent interest rate increments has been sent to the Board for approval. 

    Financial institutions amass 3.8 bln birr profit

    Three state owned financial institutions under the supervision of the Public Enterprises Holding and Administration Agency (PEHAA) have bagged a combined 3.8 billion birr profit before tax in the first quarter of the fiscal year, the agency said.

    SoE revenue falls short of target 

    The State owned Enterprises (SoEs) have generated some 300 billion birr in revenues, 38 billion birr short from the targeted revenues while securing 55.66 billion birr in profits which as well short of the 70 billion birr in profit before taxes, set for the concluded Fiscal Year.


    Authority permits confined testing for GMO potatoes

    First genome editing guideline tabled for ratification The Ethiopian Environmental...

    Independent regulatory body to set free insurers from central bank’s shadow

    The Insurance Supervision Directorate at the National Bank of...

    Ethiopia, Somalia agree to military training, intelligence exchange

    Leaders ask for the UNSC to lift the arms...

    Ensuring accountability, justice for civilians in war-torn areas

    There seems no end in sight to the third...