Africa Links 24 with Addis Standard2
Published on 2024-07-16 07:00:35
Addis Abeba – The state-owned Commercial Bank of Ethiopia (CBE) successfully reversed the downward trend in its profit before tax during the recently concluded fiscal year.
The bank achieved a growth rate of 24%, reaching a profit of 25.6 billion birr.
This marks a significant improvement from the previous fiscal year, when the bank’s gross profit stood at 20.6 billion birr, reflecting a decrease of 4.7% compared to the year before.
During fiscal year 2023/24, CBE reported…
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