cbe

USD
56.3942
57.5221
,
GBP
67.8914
69.2492
,
EUR
60.8775
62.0951
,
CHF
61.138
62.3608
,
SEK
4.9131
5.0114
,
NOK
4.8627
4.96
,
DKK
7.3918
7.5396
,
DJF
0.3158
0.3221
,
JPY
0.3401
0.3469
,
CAD
37.7184
38.4728
,
SAR
13.6076
13.8798
,
AED
13.8932
14.1711
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4291
34.0977
,
SDR
,
ZAR
,
CNY
7.0975
7.2395
,
KWD
175.0012
178.5012

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3778
57.5054
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
CHF
63.9422
65.221
,
AUD
36.9556
37.6947
,
AED
15.3493
15.6563
,
CNY
7.8357
7.9924
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
JPY
0.3753
0.3828
,
KES
0.3861
0.3938
,
NOK
5.3799
5.4875
,
SAR
15.0321
15.3327
,
ZAR
2.9646
3.0239
,
SEK
5.4273
5.5358
,
SDR
74.6893
76.1831

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

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.