Prime Minister Abiy Ahmed has inaugurated the new state-of-the-art skyscraper headquarters of Commercial Bank of Ethiopia (CBE) built at a cost of $303.5 million.
The CBE headquarters, which is the tallest building in East Africa and the third tallest in Africa, took 5 years and 11 months to complete.
The building is over 209 meters tall and has 53 floors with a total built-up area of 165,476.4 square metres.
The Commercial Bank of Ethiopia, which was established with a capital of one million Maria Theresa in 1942 had two branches. It has risen to 1,795 branches.
Now, the total assets of the Commercial Bank of Ethiopia reached 1.1 trillion birr as its customer base passed 34 million.
The CBE is now one of the largest banks in East Africa and it is celebrating its 80 years anniversary.
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