CBE Posts Record Profit Despite Substantial Loss on Foreign Exchange

The state-owned Commercial Bank of Ethiopia (CBE) recorded strong profit growth and capital expansion for the fiscal year ending June 30, 2025, according to its audited financial statement released this week. The audit report—conducted by the Audit Service Corporation under International Financial Reporting Standards (IFRS)—was approved on August 10, 2026, and signed by Board Chairperson […]