333:
398:
418:
465:
406:
184:
142:
452:
journalist stated on social media that he got witnesses who knew the crime. CBE also stated that it affected the branch level as well as the mobile banking system, particularly the CBE online service. The bank also dismissed the social media claims that ATM system was restored to provide "digital
297:
issued a proclamation on 26 August 1942 that established the State Bank of
Ethiopia (SBE). SBE commenced full operations on 15 April 1943 with two branches and 43 staff. It served both as Ethiopia's central bank, with the power to issue banknotes and coins as the agent of the
347:
The
Ethiopian government merged Addis Bank into the Commercial Bank of Ethiopia in 1980 to make CBE the sole commercial bank in the country. The government had created Addis Bank from the merger of the newly nationalized Addis Ababa Bank, and the Ethiopian operations of the
447:
On 15 March 2024, reports were circulated on social media that the bank was compromised for night between 12 a.m. and 3 a.m. Users can transfer large amount of money that their account don't have and access ATM machines without actual deposit. Elias
Meseret, an
360:
Bank had established in 1963 and of which it owned 40%. At the time of nationalization, Addis Ababa Bank had 26 branches. The merger of Addis Ababa Bank with CBE made CBE the sole commercial bank in
Ethiopia, with 128 branches and 3,633 employees.
344:(the central bank), and the Commercial Bank of Ethiopia (CBE). Seven years later, the Sudanese government nationalized the Commercial Bank of Ethiopia's branch in Khartoum that had originally been the Sudan branch of SBD.
29:
242:
in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around more than 35,000 employees as of June 2022, who staff its headquarters and its over 1000+
302:, and as the principal commercial bank in the country. In 1945 the Ethiopian government granted the bank the sole right of issuing currency. The first governor of the bank was an American,
310:. The United States provided the silver for 50-cent coins, whose intrinsic value ensured popular acceptance of the new paper money to a population used to the circulation of the silver
299:
273:
and credited for playing a catalytic role in the economic progress and development of the country. It is also the first bank in
Ethiopia to introduce ATM service for local users.
429:
for management consultancy services. After the death of its former
President Gezahegn Yilma, the Board of Management appointed Abie Sano as a new President of the Bank. The
892:
442:
607:
907:
912:
332:
902:
410:
89:
897:
266:. It is contemplating re-opening a branch in Djibouti, and opening branches in Dubai and Washington, DC, all to serve the Ethiopian diaspora.
523:
497:
670:
887:
294:
838:
722:
746:
549:
433:
recently increased the bank's capital to 4 billion
Ethiopian birr. The bank has reached 1284 branches as of 10 August 2018.
329:. At some point after the creation of the State Bank of Ethiopia it reopened the transit office, which in time became a branch.
421:
Completed CBE building (on the left side) on 26 February 2022, becoming the tallest skyscraper in
Ethiopia and in East Africa.
286:
259:, CBE's banking network has reached online 783 branches. The bank has reached more than 1950 branches as of 10 August 2022.
882:
373:
478:
341:
397:
426:
247:
positioned in the main cities and regional towns. The latter include 120 branches in the national capital
53:
865:
578:
430:
311:
747:",[http://addisfortune.net/articles/commercial-bank-targets-diaspora-with-foreign-market-expansion/
369:
648:
127:
620:
718:
640:
322:
116:
372:
nationalized the branches there. In 1994 these branches formed the basis for what became the
768:
681:
632:
449:
394:, but ongoing conflict in the country has forced CBE to close all but two branches in Juba.
282:
244:
417:
353:
306:. He inaugurated the new national currency, which owed its successful introduction to the
235:
621:"The re-establishment of the national monetary and banking system in Ethiopia 1941â1963"
772:
553:
357:
340:
In 1963, the
Ethiopian government split the State Bank of Ethiopia into two banks, the
303:
256:
252:
239:
188:
164:
146:
876:
652:
349:
307:
470:
290:
787:
712:
387:
383:
263:
248:
93:
405:
636:
524:"News: CBE stands tall with its deposit surpassing the one trillion birr mark"
498:"News: CBE stands tall with its deposit surpassing the one trillion birr mark"
460:
158:
644:
425:
In
February 2022, the government restructured CBE and signed a contract with
379:
In 2004, CBE closed its branch in Djibouti due to problems with loan losses.
839:"Ethiopia's state bank system compromised for hours ; loss undisclosed"
376:. Also in 1994, the Ethiopian government reorganized and reestablished CBE.
326:
315:
270:
812:
390:. CBE expanded its presence in South Sudan to five branches in Juba and
608:
Electronic-Banking in Ethiopia- Practices, Opportunities and Challenges
391:
365:
382:
In January 2009, CBE received regulatory approval to open a branch in
813:"PM Abiy Inaugurates East Africa's Tallest CBE Headquarters Building"
671:"The Re-Establishment of the Ethiopia's Monetary and Banking Systems"
318:, Sudan. Over time SBD's branch network grew to number 21 branches.
416:
404:
396:
331:
173:
28:
321:
In the 1950s, SBE established a branch in Djibouti. In 1920 the
759:
BRIMMER, Andrew F. (1960). "Banking and Finance in the Sudan".
314:. In 1958, the State Bank of Ethiopia established a branch in
573:
571:
586:
213:
238:
in Ethiopia. As of June 2021, it had about 1.1 trillion
711:
Shinn, David H.; Ofcansky, Thomas P. (1 April 2013).
788:"Ethiopia: CBE Poised for Venture into South Sudan"
269:The bank is pioneer to introduce modern banking to
208:
198:
171:
156:
133:
123:
110:
100:
85:
67:
59:
49:
35:
443:2024 Commercial Bank of Ethiopia glitch incident
550:"Commercial Bank of Ethiopia Profile 2014/15"
41:
8:
21:
27:
20:
625:South African Journal of Economic History
356:. Addis Ababa Bank was an affiliate that
411:Commercial Bank of Ethiopia Headquarters
90:Commercial Bank of Ethiopia Headquarters
893:Buildings and structures in Addis Ababa
489:
262:The bank also operates two branches in
908:Government-owned companies of Ethiopia
251:. With the opening of a branch in the
913:20th-century architecture in Ethiopia
7:
738:
736:
734:
706:
704:
702:
664:
662:
401:Former headquarter of CBE until 2022
717:. Scarecrow Press. pp. 67â69.
773:10.1111/j.1813-6982.1960.tb01848.x
761:South African Journal of Economics
14:
786:ALEMU, HILINA (18 January 2009).
714:Historical Dictionary of Ethiopia
619:Mauri, Arnaldo (September 2009).
463:
183:
182:
141:
140:
903:1963 establishments in Ethiopia
368:achieved its independence, the
325:had opened a transit office in
898:Companies based in Addis Ababa
669:Mauri, Arnaldo (16 May 2008).
167:10.32 billion (June 2018)
1:
579:"Commercial Bank of Ethiopia"
680:. n. 2008â11. Archived from
678:Departmental Working Papers
583:Commercial Bank of Ethiopia
228:Commercial Bank of Ethiopia
22:Commercial Bank of Ethiopia
929:
440:
413:under construction in 2020
374:Commercial Bank of Eritrea
888:Banks established in 1963
837:Account (17 March 2024).
749:â accessed 27 March 2015.
637:10.1080/10113430909511220
479:List of banks in Ethiopia
342:National Bank of Ethiopia
42:
26:
16:Largest bank in Ethiopia
843:Borkena Ethiopian News
427:Royal Bank of Scotland
422:
414:
402:
358:National and Grindlays
337:
73:; 82 years ago
54:State owned enterprise
420:
408:
400:
335:
437:2024 glitch incident
312:Maria Theresa thaler
556:on 31 December 2014
370:Eritrean government
300:Ministry of Finance
200:Number of employees
102:Number of locations
71:26 August 1942
23:
423:
415:
403:
338:
128:Financial services
883:Banks of Ethiopia
589:on 22 August 2018
528:addisstandard.com
502:addisstandard.com
323:Bank of Abyssinia
234:) is the largest
224:
223:
106:1,948 (2023)
920:
866:Official Website
854:
853:
851:
849:
834:
828:
827:
825:
823:
809:
803:
802:
800:
798:
783:
777:
776:
756:
750:
740:
729:
728:
708:
697:
696:
694:
692:
686:
675:
666:
657:
656:
616:
610:
605:
599:
598:
596:
594:
585:. Archived from
575:
566:
565:
563:
561:
552:. Archived from
546:
540:
539:
537:
535:
530:. Addis Standard
520:
514:
513:
511:
509:
504:. Addis Standard
494:
473:
468:
467:
466:
220:
217:
215:
204:34,879 permanent
186:
185:
176:
144:
143:
81:
79:
74:
45:
44:
31:
24:
928:
927:
923:
922:
921:
919:
918:
917:
873:
872:
862:
857:
847:
845:
836:
835:
831:
821:
819:
811:
810:
806:
796:
794:
785:
784:
780:
758:
757:
753:
741:
732:
725:
710:
709:
700:
690:
688:
687:on 5 March 2022
684:
673:
668:
667:
660:
618:
617:
613:
606:
602:
592:
590:
577:
576:
569:
559:
557:
548:
547:
543:
533:
531:
522:
521:
517:
507:
505:
496:
495:
491:
487:
469:
464:
462:
459:
445:
439:
354:Banco di Napoli
279:
236:commercial bank
212:
201:
194:
172:
161:
152:
113:
103:
77:
75:
72:
38:
17:
12:
11:
5:
926:
924:
916:
915:
910:
905:
900:
895:
890:
885:
875:
874:
869:
868:
861:
860:External links
858:
856:
855:
829:
804:
778:
751:
730:
723:
698:
658:
611:
600:
567:
541:
515:
488:
486:
483:
482:
481:
475:
474:
458:
455:
441:Main article:
438:
435:
388:Southern Sudan
364:In 1991, when
304:George Blowers
295:new government
278:
275:
257:Illubabor Zone
222:
221:
210:
206:
205:
202:
199:
196:
195:
193:
192:
179:
177:
169:
168:
162:
157:
154:
153:
151:
150:
145:163.2 billion
137:
135:
131:
130:
125:
121:
120:
114:
111:
108:
107:
104:
101:
98:
97:
87:
83:
82:
69:
65:
64:
61:
57:
56:
51:
47:
46:
43:á¨á˘áľáŽáľáŤ áááľ áŁáá
39:
36:
33:
32:
15:
13:
10:
9:
6:
4:
3:
2:
925:
914:
911:
909:
906:
904:
901:
899:
896:
894:
891:
889:
886:
884:
881:
880:
878:
871:
867:
864:
863:
859:
844:
840:
833:
830:
818:
814:
808:
805:
793:
792:allAfrica.com
789:
782:
779:
774:
770:
767:(28): 23â34.
766:
762:
755:
752:
748:
744:
743:Addis Fortune
739:
737:
735:
731:
726:
724:9780810874572
720:
716:
715:
707:
705:
703:
699:
683:
679:
672:
665:
663:
659:
654:
650:
646:
642:
638:
634:
631:(2): 82â130.
630:
626:
622:
615:
612:
609:
604:
601:
588:
584:
580:
574:
572:
568:
555:
551:
545:
542:
529:
525:
519:
516:
503:
499:
493:
490:
484:
480:
477:
476:
472:
461:
456:
454:
451:
444:
436:
434:
432:
428:
419:
412:
407:
399:
395:
393:
389:
385:
380:
377:
375:
371:
367:
362:
359:
355:
351:
350:Banco di Roma
345:
343:
334:
330:
328:
324:
319:
317:
313:
309:
308:United States
305:
301:
296:
292:
288:
285:victory over
284:
276:
274:
272:
267:
265:
260:
258:
254:
250:
246:
241:
237:
233:
229:
219:
211:
207:
203:
197:
190:
187:1.3 trillion
181:
180:
178:
175:
170:
166:
163:
160:
155:
148:
139:
138:
136:
132:
129:
126:
122:
118:
115:
109:
105:
99:
95:
92:, Gambia St,
91:
88:
84:
70:
66:
62:
58:
55:
52:
48:
40:
34:
30:
25:
19:
870:
846:. Retrieved
842:
832:
820:. Retrieved
816:
807:
795:. Retrieved
791:
781:
764:
760:
754:
742:
713:
689:. Retrieved
682:the original
677:
628:
624:
614:
603:
591:. Retrieved
587:the original
582:
558:. Retrieved
554:the original
544:
532:. Retrieved
527:
518:
506:. Retrieved
501:
492:
471:Banks portal
446:
424:
381:
378:
363:
346:
339:
320:
291:World War II
280:
268:
261:
231:
227:
225:
174:Total assets
86:Headquarters
50:Company type
18:
817:ENA English
336:CBE in 1969
264:South Sudan
249:Addis Ababa
216:.combanketh
119:(President)
94:Addis Ababa
37:Native name
877:Categories
797:21 January
485:References
453:banking".
431:Parliament
281:After the
159:Net income
112:Key people
96:, Ethiopia
78:1942-08-26
653:154009798
645:1011-3436
593:22 August
560:8 October
534:17 August
508:17 August
283:Ethiopian
848:17 March
822:17 March
691:28 March
457:See also
327:Djibouti
316:Khartoum
271:Ethiopia
245:branches
124:Products
117:Abe Sano
60:Industry
392:Malakal
366:Eritrea
289:during
277:History
255:in the
209:Website
134:Revenue
76: (
68:Founded
63:Finance
721:
651:
643:
293:, the
191:(2023)
149:(2023)
685:(PDF)
674:(PDF)
649:S2CID
287:Italy
253:Gechi
850:2024
824:2024
799:2013
719:ISBN
693:2017
641:ISSN
595:2018
562:2016
536:2023
510:2023
409:The
384:Juba
352:and
240:birr
226:The
189:birr
165:Birr
147:birr
769:doi
633:doi
232:CBE
218:.et
214:www
879::
841:.
815:.
790:.
765:28
763:.
733:^
701:^
676:.
661:^
647:.
639:.
629:24
627:.
623:.
581:.
570:^
526:.
500:.
450:AP
386:,
852:.
826:.
801:.
775:.
771::
745:,
727:.
695:.
655:.
635::
597:.
564:.
538:.
512:.
230:(
80:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
