Ethiopia's largest commercial bank reports rising revenue

ADDIS ABABA, Feb. 2 (Xinhua) -- Ethiopia's state-owned Commercial Bank of Ethiopia (CBE) on Thursday disclosed a 13 billion birrs (about 243 million U.S. dollars) revenue during the first six months of the current Ethiopian fiscal year that began on July 8, 2022.

The semiannual profit of CBE, the East African country's largest commercial bank, saw an increase of 13.9 percent compared to the profit earned in the same period of the previous fiscal year, state-affiliated Fana Broadcasting Corporate (FBC) quoted CBE President Abie Sano as saying.