KEYIR NEWS:- The Commercial Bank of Ethiopia (CBE) has emerged as the dominant force in the country’s digital finance landscape, capturing an impressive 72.2pc share of all digital transactions conducted across the banking industry.
According to figures disclosed at the Bank’s 2017 fiscal year (2024/25) annual meeting, digital transactions at CBE surpassed 13 trillion Br, accounting for 92pc of the Bank’s total transfers over the past year.
By May 31, 2025, industry-wide digital transactions had reached nearly 12 trillion Br, with CBE alone processing 8.6 trillion Br of that total via digital platforms, solidifying its leading position in the rapidly evolving financial ecosystem.
“This milestone underscores the Bank’s role in accelerating Ethiopia’s digital transformation agenda,” said officials at the annual gathering, referring to the government’s flagship Digital Ethiopia 2025 strategy.
CBE continues to expand its digital banking infrastructure, including mobile apps, internet banking, ATMs, and agent banking services, to increase financial inclusion and improve service delivery. The Bank has been investing heavily in fintech partnerships and backend infrastructure to accommodate growing demand and shifting customer preferences.
As Ethiopia undergoes a financial sector overhaul and pushes for broader digital adoption, CBE’s performance highlights the scale and pace at which public financial institutions are adapting to new technologies.
Industry observers say the Bank’s position offers it a crucial advantage in shaping the country’s digital economy while reinforcing public trust in digital banking channels.