April 3, 2025 — The Commercial Bank of Ethiopia (CBE), the nation’s largest state-owned bank, has reported a staggering 32.6 billion birr profit in just the past eight months, marking a 170.5% surge compared to the same period last year, according to the bank’s president, Abe Sano.
The announcement came during the presentation of CBE’s eight-month performance report to the House of Representatives’ Standing Committee on Government Enterprises Affairs.
“This exceptional profit growth reflects our strong performance in revenue expansion and effective cost control,” said Abe. “We’ve seen encouraging results across all income-generating segments of the bank.”
CBE’s total income for the period reached 109.32 billion birr, representing a 26% increase year-on-year. The strong financials are being attributed not only to higher revenues but also to improved credit quality. Abe noted that the bank’s non-performing loan (NPL) ratio has declined, and provisions for bad loans have significantly decreased—further boosting the bottom line.
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