Commercial Bank of Ethiopia (CBE) announced that it has secured $2.64 billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on July 8, 2021. The bank made the announcement during a ceremony it held to draw winners of a lottery scheme to encourage customers to receive remittances from its branches. Winning numbers of the lottery, which is on its 23rd round, have been announced. The winners get a car, tri-wheelers and motorbikes, as well as twenty laptops. Commercial Bank of Ethiopia is the largest bank in East Africa, with total assets close to a trillion birr.

Source: Ethiopian News December 21, 2021 17:55 UTC