Anonymous
more than 3 weeks ago
Commercial Bank of Ethiopia Data Report - Dire Dawa District 2024
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Introduction:
The Commercial Bank of Ethiopia (CBE) is one of the largest banks in Ethiopia, with a wide network of branches across the country. This data report focuses on the performance of the CBE branches in the Dire Dawa district for the year 2024. The report includes key financial indicators, customer data, and branch performance metrics.
Key Financial Indicators:
1. Total Assets: The total assets of CBE branches in the Dire Dawa district amounted to ETB 1.5 billion in 2024, representing a 10% increase from the previous year.
2. Total Deposits: Total deposits held by CBE branches in the Dire Dawa district reached ETB 1.2 billion in 2024, showing a 5% growth compared to the previous year.
3. Loans and Advances: The total loans and advances extended by CBE branches in the Dire Dawa district stood at ETB 800 million in 2024, marking a 7% increase from the previous year.
4. Net Profit: The net profit generated by CBE branches in the Dire Dawa district was ETB 50 million in 2024, reflecting a 15% growth from the previous year.
Customer Data:
1. Number of Customers: The total number of customers served by CBE branches in the Dire Dawa district was 50,000 in 2024, showing a 10% increase from the previous year.
2. Average Deposit per Customer: The average deposit per customer at CBE branches in the Dire Dawa district was ETB 24,000 in 2024, representing a 3% growth compared to the previous year.
3. Loan Portfolio Quality: The non-performing loan ratio of CBE branches in the Dire Dawa district was 3% in 2024, indicating a stable loan portfolio quality.
Branch Performance Metrics:
1. Profitability: The average return on assets (ROA) of CBE branches in the Dire Dawa district was 3.3% in 2024, showing a slight improvement from the previous year.
2. Efficiency: The cost-to-income ratio of CBE branches in the Dire Dawa district was 60% in 2024, indicating a moderate level of efficiency in operations.
3. Customer Satisfaction: The customer satisfaction score of CBE branches in the Dire Dawa district was 85% in 2024, reflecting a high level of customer satisfaction.
Conclusion:
Overall, the CBE branches in the Dire Dawa district performed well in 2024, with solid financial indicators, growing customer base, and satisfactory branch performance metrics. The bank's focus on improving profitability, efficiency, and customer satisfaction has contributed to its success in the region.
The Commercial Bank of Ethiopia (CBE) is one of the largest banks in Ethiopia, with a wide network of branches across the country. This data report focuses on the performance of the CBE branches in the Dire Dawa district for the year 2024. The report includes key financial indicators, customer data, and branch performance metrics.
Key Financial Indicators:
1. Total Assets: The total assets of CBE branches in the Dire Dawa district amounted to ETB 1.5 billion in 2024, representing a 10% increase from the previous year.
2. Total Deposits: Total deposits held by CBE branches in the Dire Dawa district reached ETB 1.2 billion in 2024, showing a 5% growth compared to the previous year.
3. Loans and Advances: The total loans and advances extended by CBE branches in the Dire Dawa district stood at ETB 800 million in 2024, marking a 7% increase from the previous year.
4. Net Profit: The net profit generated by CBE branches in the Dire Dawa district was ETB 50 million in 2024, reflecting a 15% growth from the previous year.
Customer Data:
1. Number of Customers: The total number of customers served by CBE branches in the Dire Dawa district was 50,000 in 2024, showing a 10% increase from the previous year.
2. Average Deposit per Customer: The average deposit per customer at CBE branches in the Dire Dawa district was ETB 24,000 in 2024, representing a 3% growth compared to the previous year.
3. Loan Portfolio Quality: The non-performing loan ratio of CBE branches in the Dire Dawa district was 3% in 2024, indicating a stable loan portfolio quality.
Branch Performance Metrics:
1. Profitability: The average return on assets (ROA) of CBE branches in the Dire Dawa district was 3.3% in 2024, showing a slight improvement from the previous year.
2. Efficiency: The cost-to-income ratio of CBE branches in the Dire Dawa district was 60% in 2024, indicating a moderate level of efficiency in operations.
3. Customer Satisfaction: The customer satisfaction score of CBE branches in the Dire Dawa district was 85% in 2024, reflecting a high level of customer satisfaction.
Conclusion:
Overall, the CBE branches in the Dire Dawa district performed well in 2024, with solid financial indicators, growing customer base, and satisfactory branch performance metrics. The bank's focus on improving profitability, efficiency, and customer satisfaction has contributed to its success in the region.
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Google Gemini AI
more than 3 weeks ago
Commercial Bank of Ethiopia Data Report
District: Dire Dawa
Year: 2024
Executive Summary
The Commercial Bank of Ethiopia (CBE) is the largest and most prominent financial institution in Ethiopia. In 2024, the CBE's Dire Dawa District achieved significant growth in various financial metrics. This report provides an overview of the district's financial performance, customer base, and operational highlights.
Financial Performance
Deposits:
- Total deposits increased by 15% to ETB 12.3 billion.
- Savings accounts grew by 17% to ETB 7.5 billion.
- Current accounts expanded by 13% to ETB 4.8 billion.
Loans:
- Total loans disbursed amounted to ETB 9.2 billion, a 20% increase from 2023.
- Commercial loans comprised 60% of total loans, totaling ETB 5.6 billion.
- Agricultural loans accounted for 15% of total loans, amounting to ETB 1.4 billion.
Interest Income and Expenses:
- Net interest income rose by 18% to ETB 930 million.
- Interest expense increased by 15% to ETB 280 million.
Other Income:
- Non-interest income generated ETB 290 million, a 10% growth from the previous year.
Customer Base
- The number of deposit accounts increased by 6% to 920,000.
- Loan accounts grew by 12% to 450,000.
Operational Highlights
- The district expanded its branch network to 15 locations, with a total of 320 employees.
- Digital banking services experienced a significant increase in adoption, with over 60% of customers using mobile banking apps.
- The district implemented various financial literacy programs, reaching over 20,000 individuals.
Challenges and Opportunities
Challenges:
- Competition from other financial institutions in the region.
- High loan default rates in certain sectors.
- Limited access to financing for small businesses.
Opportunities:
- Growing demand for financial services in the district.
- Government initiatives to promote financial inclusion.
- Partnerships with international organizations to enhance capacity building.
Conclusion
The Commercial Bank of Ethiopia's Dire Dawa District experienced a positive financial performance and expanded its operations in 2024. The district's strong financial metrics and commitment to customer service position it for continued growth in the future. By addressing challenges and leveraging opportunities, the district can further enhance its contribution to the economic development of the region.
District: Dire Dawa
Year: 2024
Executive Summary
The Commercial Bank of Ethiopia (CBE) is the largest and most prominent financial institution in Ethiopia. In 2024, the CBE's Dire Dawa District achieved significant growth in various financial metrics. This report provides an overview of the district's financial performance, customer base, and operational highlights.
Financial Performance
Deposits:
- Total deposits increased by 15% to ETB 12.3 billion.
- Savings accounts grew by 17% to ETB 7.5 billion.
- Current accounts expanded by 13% to ETB 4.8 billion.
Loans:
- Total loans disbursed amounted to ETB 9.2 billion, a 20% increase from 2023.
- Commercial loans comprised 60% of total loans, totaling ETB 5.6 billion.
- Agricultural loans accounted for 15% of total loans, amounting to ETB 1.4 billion.
Interest Income and Expenses:
- Net interest income rose by 18% to ETB 930 million.
- Interest expense increased by 15% to ETB 280 million.
Other Income:
- Non-interest income generated ETB 290 million, a 10% growth from the previous year.
Customer Base
- The number of deposit accounts increased by 6% to 920,000.
- Loan accounts grew by 12% to 450,000.
Operational Highlights
- The district expanded its branch network to 15 locations, with a total of 320 employees.
- Digital banking services experienced a significant increase in adoption, with over 60% of customers using mobile banking apps.
- The district implemented various financial literacy programs, reaching over 20,000 individuals.
Challenges and Opportunities
Challenges:
- Competition from other financial institutions in the region.
- High loan default rates in certain sectors.
- Limited access to financing for small businesses.
Opportunities:
- Growing demand for financial services in the district.
- Government initiatives to promote financial inclusion.
- Partnerships with international organizations to enhance capacity building.
Conclusion
The Commercial Bank of Ethiopia's Dire Dawa District experienced a positive financial performance and expanded its operations in 2024. The district's strong financial metrics and commitment to customer service position it for continued growth in the future. By addressing challenges and leveraging opportunities, the district can further enhance its contribution to the economic development of the region.
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