Commercial Bank of Ethiopia (CBE) has surpassed a major financial milestone, with its total deposits exceeding 2 trillion birr, driven by strong deposit mobilization in the first half of the 2025/26 fiscal year.
The state-owned bank collected more than 325 billion birr in deposits during the first six months of the fiscal year alone, according to senior management.
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Speaking at a briefing, CBE Representative President and Senior Vice President for Corporate Services, Ato Ephrem Mekuria, said the bank has doubled its total deposits in less than three years, attributing the achievement to the successful implementation of CBE’s 2030 strategic plan.
Ato Ephrem described the milestone as a significant institutional success and extended appreciation to the bank’s regions, divisions, districts, employees, and customers for their collective contribution. He noted that the performance provides strong momentum for the remainder of the fiscal year, with the bank now targeting 750 billion birr in total deposit mobilization by year-end.
To achieve this goal, he urged management and staff to address existing weaknesses while reinforcing operational strengths.
Meanwhile, Business Vice President Ato Dereje Fufa highlighted that the bank has doubled its overall turnover within 34 months, despite facing multiple operational and economic challenges. He emphasized that the volume of deposits collected in just six months reflects the bank’s growing capacity and resilience.
Department heads also echoed calls for enhanced collaboration across the institution to sustain growth and achieve even greater milestones in the coming periods.
CBE remains Ethiopia’s largest bank by assets and deposits, playing a central role in the country’s financial system and economic development.
