The Commercial Bank of Ethiopia announced an 80 billion Birr profit for the 2025/26 fiscal year. President Abe Sano stated in a press briefing that the bank disbursed 648 billion Birr in loans across various sectors.
The bank raised its total deposits to 2.4 trillion Birr. It obtained 2.1 billion dollars from export trade, bringing its overall foreign exchange earnings to 5.6 billion dollars over two years.
President Abe Sano noted that six years ago the bank directed 90 percent of its loans to government institutions. This year it channeled 588 billion Birr, or 90 percent, to the private sector.
The bank collected 546 billion Birr in loans, showing 91 percent growth compared with the previous year. It plans to gather 832 billion Birr in deposits and reach 360 billion Birr in revenue next year.
