Ethiopia: State-Owned Financial Institutions Announce Six Months Profit Bonanza

[Addis Fortune]The four state-owned financial giants - the Commercial Bank of Ethiopia (CBE), Development Bank of Ethiopia (DBE), Construction & Business Bank (CBB), and the Ethiopian Insurance Corporation (EIC) - together amassed a profit of 5.6 billion Br during the first six months of the 2013/14 fiscal year.