cbe

USD
57.2653
58.4106
,
GBP
69.4105
70.7987
,
EUR
61.4457
62.6746
,
CHF
61.4753
63.7048
,
SEK
4.9682
5.0676
,
NOK
4.923
5.0215
,
DKK
7.4564
7.6055
,
DJF
,
JPY
0.3272
0.3337
,
CAD
37.7982
38.5542
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.5933
35.2852
,
SDR
,
ZAR
,
CNY
7.1379
7.2807
,
KWD
178.3661
181.9334

awash

USD
57.2653
58.4106
,
EUR
61.4457
62.6746
,
GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
CAD
37.7982
38.5542

abyssinia

GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
EUR
61.4457
62.6746
,
USD
57.2653
58.4106
,
CAD
37.7982
38.5542
,
AED
14.109
14.3912
,
SAR
13.8141
14.0904
,
SEK
4.9682
5.0676
,
NOK
4.923
5.0215

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.6356
42.4683
,
EUR
61.3505
62.5775
,
GBP
72.5868
74.0385
,
SEK
5.426
5.5345
,
USD
57.2406
58.3854

buna

nib

GBP
69.4105
70.7987
,
EUR
61.4457
62.6746
,
CHF
61.4753
62.7048
,
USD
57.2653
58.4106
,
CAD
37.7982
38.5542
,
AED
14.109
14.3912
,
SAR
13.8141
14.0904

berhan

wegagen

dgb

USD
57.1651
58.3084
,
GBP
73.1806
74.6442
,
EUR
61.3553
62.5824
,
CHF
63.7221
64.9965
,
CAD
41.5052
42.3353

enat

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
CHF
64.4819
65.7715
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.5162
15.8261
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

USD
57.2653
57.838
,
GBP
72.6811
72.7098
,
CHF
64.372
64.4009
,
SEK
5.4897
5.4913
,
NOK
5.4398
5.4407
,
DKK
8.2391
8.2396
,
DJF
0.3207
0.3225
,
INR
0.6848
0.6849
,
KES
0.4439
0.4474
,
JPY
0.3616
0.3616
,
CAD
41.766
41.7873
,
AUD
38.2246
38.2475
,
SAR
15.2642
15.265
,
AED
15.59
15.5909
,
EUR
61.4457
61.4686
,
XDR
75.447
75.447
,
ZAR
3.1652
3.1657
,
CNY
7.8872
7.8873
,
KWD
186.7708
186.828

dashen

USD
57.2653
58.4106
,
GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
SEK
4.9682
5.0676
,
NOK
4.923
5.02146
,
DKK
7.4564
7.6055
,
JPY
0.3272
0.3337
,
CAD
37.7982
38.5542
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
EUR
61.4457
62.6746
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
34.5933
35.2852
,
ZAR
0
0
,
CNY
7.1379
7.2807
,
KWD
178.3661
181.9334
,
AED

oromia

USD
57.2653
58.4106
,
GBP
72.6811
74.1347
,
EUR
61.4457
62.6746
,
CHF
64.372
65.6594
,
SAR
15.2642
15.5695
,
AED
15.59
15.9018

lion

coop

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
EUR
61.3505
62.5775
,
AED
15.5825
15.8942
,
SAR
15.2556
15.5607

gadaa

USD
57.0384
58.1792
,
GBP
69.4569
70.846
,
EUR
91.9494
63.1884
,
AED
14.0523
14.3333
,
SAR
13.7631
14.0384
,
CHF
59.61
60.8022

hijra

amhara

tsehay

USD
57.2406
58.3854
,
GBP
69.3204
70.7068
,
EUR
61.3505
62.5775
,
CAD
37.6802
38.4338
,
SAR
13.8063
14.0824
,
AED
14.1022
14.3842

tsedey

USD
57.2653
58.4106
,
EUR
61.4457
62.6746
,
GBP
69.4105
70.7987
,
AED
14.109
14.3912

Commercial Bank of Ethiopia's gain and loss of the Year 2015

commercial Bank of Ethiopia

 

The Commercial Bank of Ethiopia made an unadjusted profit of 20.6 billion birr in its 2015 E.C. financial year.

The total income of Commercial Bank in the budget year is 119.2 billion birr, and the total expenditure is 98.6 billion birr, according to the data obtained the total annual profit of the bank is 20.6 billion birr.
The bank’s total profit for the financial year was lower than the plan and compared to the same period of the previous year. the bank in 2014 E.C. The net profit for the fiscal year was 27.5 billion birr. In the completed year 2015
Compared to the 20.6 billion birr unadjusted profit of the financial year, it decreased by seven billion birr or 25 percent. Meanwhile, the public relations officer of the bank refuses to provide information about the reason for the profit decline and additional information,

On the other hand, the bank’s recorded data implies that the increase in the total cost of the bank is one of the possible responses for the profit depreciation.
The total cost of the bank in the previous working year was 98.6 billion birr, which was a three percent increase from the same period last year.

Following the rise of the bank’s expenses, its income has not increased.
The bank’s total income was 119.2 billion birrs which was eight percent less than the plan, and this income is only 1.5 percent higher than the same period last year.

In 2015, the Commercial Bank of Ethiopia demonstrated a remarkable financial performance, solidifying its position as a leading player in the country’s banking industry. Over the fiscal year, the bank’s total assets surged to an impressive 1.3 trillion birr, enabling it to command a substantial 51.7 percent share of the entire banking industry’s wealth.
The Bank had an initial plan to amass 205 billion birr in new deposits during the financial year. While it slightly fell short of this target, the bank still managed to attract a substantial 163.2 billion birr in fresh deposits. This successful effort resulted in the bank’s total deposit accounts reaching a noteworthy 1.1 trillion birr at the end of the fiscal year, making an 18.3 percent increase compared to the corresponding period of the previous year.

By achieving the milestone of 1.1 trillion birr in total deposits, the Commercial Bank of Ethiopia solidified its position with a significant 51.3 percent share of the industry, reaffirming its dominant leadership role in the banking sector.
The bank’s exceptional financial performance in 2015 showcased its robust growth and resilience, positioning it favorably to continue its role as a driving force in Ethiopia’s banking landscape. With such a strong performance, the Commercial Bank of Ethiopia remained an integral pillar of the country’s economy, poised to contribute significantly to the nation’s prosperity and development in the years to come.

Commercial Bank plan and output of the year

In the fiscal year, the Bank planned to give 169 billion birr in new loans and released 151.2 billion birr, and he planned to collect 103 billion birr from the previously given loan, the data indicated that he was able to collect 141 billion birr more than the plan.
He planned to earn 3.2 billion dollars in the foreign banking sector and managed to earn 3.5 billion dollars at the end of the fiscal year.

This is a performance of 109.7 percent in terms of the plan and a 32.1 percent increase compared to the same period last year. The bank provided 7.8 billion dollars of foreign currency in the fiscal year, and it is known that the foreign currency generated by itself and the difference is covered by the National Bank of Ethiopia.

49 percent of the 7.9 billion dollars of foreign exchange provided in the fiscal year was paid for fuel purchases, and 18 percent was spent for government purchases (Public Import and Service Payment).
In addition, eight percent of the foreign currency provided in the fiscal year was used for the purchase of fertilizers, while the foreign currency provided for the private sector’s foreign purchases is only seven percent, according to the data.

When the percentage of foreign exchange supply data is converted into figures, 3.8 billion dollars were spent on the purchase of fuel, 1.4 billion dollars were spent on the purchase of services and materials by the government, 624 million dollars were spent on the purchase of fertilizers, while the share of the private sector was only 546 million dollars.

In related information, it was learned that the Ethiopian Commercial Bank requested the government not to take its annual profit. It is known that the bank requested to increase its capital. The bank plans to increase its current capital to 250 billion birr in five years, and 500 billion birr in ten years.
“We have asked the government to stop taking the annual profit of the Commercial Bank of Ethiopia. Because we want to increase the bank’s capital by reinvesting our annual profits,” said the bank’s president Mr. Abe Sano

Mr. Sano said that the country’s banking law requires banks to maintain sufficient capital when their total debt is growing to protect the wealth of bank savers. In this regard, he said that the capital of the Ethiopian Commercial Bank is not sufficient. He added that the Commercial Bank of Ethiopia needs to strengthen its financial strength before opening the Ethiopian banking sector to competition. The current capital of the Commercial Bank of Ethiopia, including mandatory deposits, is 63 billion birr, and the total amount of assets and liabilities has reached 1.3 trillion birr, according to the bank’s data.