The skyscraper which is one of the tallest in Africa and the first in East Africa, coasting more than $303 million is to be inaugurated on Sunday February 13th, on the 80th anniversary of the bank. Designed by the German Henn GmbH & constructed by China State Construction Overseas Development Co., Ltd, the 209.15 meters long skyscraper took almost six years to complete.

The new headquarters building has achieved its long-term goal of upgrading the bank’s modern services to the international level and building a headquarters building that is in line with Addis Ababa’s diplomatic status.

The Bank has announced it’s reached a total asset of 1.1 trillion. It has a total capital of 54 billion birr. CBE has 34 million customers and is working with 18 money transfer companies, said Abe Sano, President of the Bank. The bank has 6.2 million mobile banking subscribers, 6.8 million cardholders and 5 million CBE subscribers.


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