Commercial bank of ethiopia annual report 2014 pdf

Annual reports in accordance with its legal requirements, the central bank of belize submits an annual report to the minister of finance by the end of april of each year. This is a clear, comprehensive, and detailed record of our operations, activities, and financial results over the past year. From 1948 the monobanking system of china was the peoples bank of china, providing both policy lending, and, operations to the commercial sector. The adoption of automatic teller machines in commercial bank of ethiopia.

Ethiopias economy experienced strong, broadbased growth. The annual report 2014 was prepared by the development research department of the chief economist complex under the guidance of the boards annual report anre committee, comprising h. On this page you can read or download commercial bank of ethiopia annual report 2011 pdf in pdf format. Having commenced reporting in line with the iirc framework in 20, this integrated report is consistent with our usual annual reporting cycle for financial and sustainability reporting and follows our most recent report for the year ended december 31, 2017, for which comparatives are given. With about 109 million people 2018, ethiopia is the second most populous nation in africa after nigeria, and the fastest growing economy in the region. In what follows, we present an overview of our overall results during the just completed fiscal year and outline briefly our plans for the period ahead. May 2020 ethiopian banks profit latest ethiopian news. Ethiopia aims to reach lowermiddleincome status by 2025. It is based on the information available at the time it was completed on september 5, 2014. Financial performance of the ethiopian banking sector. We produce this report to help our stakeholders and those who are interested in adb gain a deeper understanding of our organization and its operations. The national bank of ethiopia, the countrys central bank, controls the exchange rate and has officially devalued the birr by over 115% against the u. Dollar between november 2007 and march 2014, with the value of a birr declining from 11.

On this page you can read or download commercial bank of ethiopia exam pdf in pdf format. Zequala complex, jomo kenyatta avenue, addis ababa, ethiopia. During 1978 to 1979 banking reform was initiated by the government of china, with the express desire of bringing into existence a central bank accompanying four total central. Development bank of ethiopia has earned a net income of 491 million ethiopian birr during the 201112 fiscal year. Commercial international bank cib egypt annual report. Annual report commercial bank of ethiopia national.

The state owned financial giant, commercial bank of ethiopia cbe, total assets will soon climb to a half trillion birr. On this page you can read or download commercial bank of ethiopia exam result pdf in pdf format. This report has been prepared in accordance with the gri standards. Commercial international bank cib is the leading private sector bank in egypt, offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and highnet worth individuals. The national bank of ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in january 1964. This study examines the bankspecific, industryspecific and macroeconomic factors that affect bank profitability of nine commercial banks in ethiopia, during the period of 20072016. The document can used for noncommercial purpose if properly acknowledged. Report boundary the financial statements depict the. This was disclosed at the annual performance evaluation meeting of the bank held from august 1617, 2019 at africa union hall.

The bank disclosed in its annual performance for the 201617 financial that it has registered massive progresses in every aspect of the banking activity. Zemen banks board of directors is pleased to present the 201415 annual report to its esteemed shareholders, clients, and partners. Mobilefriendly national human development report 2014 ethiopia accelerating inclusive growth for sustainable human development in ethiopia addis ababa, ethiopia. At the same time a climate resilient green economy strategy crge was. Commercial bank of ceylon plc annual report 2017 5 the annual report 2017 follows our most recent report for the year ended december 31, 2016 for which you will find comparatives within this report. National report of ethiopia sustainable development. In its annual report, the internal displacement monitoring centre idmc says nearly 46 million people, almost twice the global number of refugees. Copies of this report are available to the public from.

Ethiopia market overviewethiopia market overview discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. Bank of abyssinia abyssinia bank announced in the annual shareholder meeting that it has made a gross profit of 1. Birr profit, the commercial bank of ethiopia cbe has earned a gross profit of 17. We are your partner in your sharia compliant banking. Commercial bank of ethiopia cbe awash international bank 1 list of licensed banks in ethiopia, national bank of ethiopia website, accessed october 20,2016 2 ethiopia. Aref is managed by berkeley energy llc and reached a. Enquiries may be sent to the address mentioned below. The banks annual report, which was approved by its board of directors in bahir dar last week, indicates, it has surpassed its target of approving 7. The world bank public disclosure authorized ethiopia. Headquartered in addis ababa, the bank is the biggest private bank in ethiopia. The annual report contains an overview of the bank, its operations and annual financial statements as at 31 december of each year.

Mobile money schemes, hellocash and mbirr launched the africa report, february 5, 2015 3 ethiopia launches mobile money to extend banking reach reuters, february 4, 2015. If you dont see any interesting for you, use our search form on bottom v. You may use the site and the contents for lawful purposes only. This figure showed an increase of 258 million birr compared to last years result. The adoption of automatic teller machines in commercial. Commercial bank of ethiopia annual report 2011 pdf. Dashen bank coined its name from the highest peak in the country, mount dashen, and aspires to be bestinclass bank in africa. Lbb00799 in accordance with the commercial code of ethiopia and the proclamation for licensing and supervision of banking business proclamation no. Contents 89 1016 2021 22 23 24 2535 statement of the board chairman the presidents message board of directors report. For credit ratings that are derived exclusively from an existing credit rating of a program, series, categoryclass of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, moodys publishes a rating announcement on that series, categoryclass of debt or program as a whole, on the support provider or primary. Pdf the determinants of ethiopian commercial banks. The banking law also allowed the formation of private domestic. Economist and cottl, mesfin girma economist and cottl, ruth hill sr. Prior to this proclamation, the bank used to carry out dual activities, i.

In addition, private and official transfers, one of the largest external resources to ethiopia. The world bank ethiopia growth and competitiveness p168566 document of the world bank for official use only report no. The net profit of the bank reached 777 million birr. Around gulele branch of commercial bank of ethiopia the old historic building of the late blaten geta hiruy wolde selassie phone.