The Commercial Bank of Ethiopia (CBE) this weekend reported a record annual profit of $25.6 million (25.6 billion birr) before taxes in the last Ethiopian fiscal year, which ended on July 7.

Le bénéfice record a été attribué aux stratégies de réduction des coûts et de réforme mises en œuvre au cours de l' exercice selon le président de la Bank Ethiopian commercial (CBE), Abie Sano. The CBE reported that these strategies helped the bank reduce its non-performing loans to 2.3% at the end of the fiscal year. The bank also estimated its annual turnover at 135.4 billion birr ($2.1 billion), an increase of 13% over the previous year. During the same period, the bank disbursed new loans and advances worth $3.78 billion, of which 91 percent, or 198 billion birr, went to