CBB, Ethiopia to Receive 500 million Birr
The Construction and Business Bank of Ethiopia is to receive a 500 million birr capital injection from the Public Financial Institutions Supervising Agency.
The bank’s proposal for capital was approved at the end of the last financial year with preconditions attached. A primary condition of the agreement included expanding the number of CBB branches and the bank has plans to open 50 more branches in the current budget year to meet this criteria according to sources.
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