CBE opens interest free branch


The Commercial Bank of Ethiopia (CBE) has opened its first dedicated interest free banking branch around Bole Michael. The branch which is named “Bilal” was officially inaugurated by Bacha Gini, President of CBE and Sahria advisory board of CBE.
The opening of the branch is result in the recent directives of the National Bank to offer a dedicated interest free banking service in order to meet the demands of Muslim communities and broadening the base of non-banking societies.
CBE has been offering interest free banking in window based service in more than 1,330 branches throughout the country.