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Auditor General declines Board appointment

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 profits a billion birr

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.

OIB grosses 938 min profit

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.

CCCC to establish regional office in Addis

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.

Business community to discuss with NBE

The business community that has raised concerns regarding access to finance and other related issues while discussing with Prime Minister Abiy Ahmed (PhD) a while back is set to discuss its concerns with officials from the National Bank of Ethiopia (NBE).

Bank of Abyssinia rebrands itself

Bank of Abyssinia (BoA) unveiled its new brand and logo yesterday with the aim of upgrading to a brand that can express well the bank. The Bank commenced with the rebranding following a recommendation by Deloitte Consulting.

The Bank has been using its old brand for the past 22 years since its establishment.