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COMMERCIAL BANK OF ETHIOPIA

The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around more than 35,000 employees as of June 2022, who staff its headquarters and its over 1000+ branches positioned in the main cities and regional towns.[2] The latter include 120 branches in the national capital Addis Ababa. With the opening of a branch in the Gechi in the Illubabor Zone, CBE's banking network has reached online 783 branches.[citation needed] The bank has reached more than 1950 branches as of 10 August 2022.[citation needed]

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COMMERCIAL BANK OF ETHIOPIA SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Ethiopia
ADDIS ABEBA
/
CBETETAA
2
Ethiopia
ADDIS ABEBA
/
CBETETAAARA
3
Ethiopia
ADDIS ABEBA
/
CBETETAADIR
4
Ethiopia
ADDIS ABEBA
/
CBETETAADOC
5
Ethiopia
ADDIS ABEBA
/
CBETETAAFIN
6
Ethiopia
ADDIS ABEBA
/
CBETETAAIBD
7
Ethiopia
ADDIS ABEBA
/
CBETETAAMEH
8
Ethiopia
ADDIS ABEBA
/
CBETETAATEM
9
Ethiopia
ADDIS ABEBA
/
CBETETAATRY
10
Ethiopia
ADDIS ABEBA
/
CBETETAAXXX
  • Total: 10
  • 1

About COMMERCIAL BANK OF ETHIOPIA

  • Company type
    State owned enterprise
  • Industry
    Finance
  • Founded
    26 August 1942 ; 82 years ago ( 1942-08-26 )
  • Headquarters
    Commercial Bank of Ethiopia Headquarters , Gambia St, Addis Ababa , Ethiopia
  • Key people
    Abe Sano (President)
  • Products
    Financial services
  • Revenue
    163.2 billion birr [ 1 ] (2023)
  • Number of employees
    34,879 permanent
  • Website
    www .combanketh .et

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does COMMERCIAL BANK OF ETHIOPIA have different SWIFT Codes?

COMMERCIAL BANK OF ETHIOPIA operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process COMMERCIAL BANK OF ETHIOPIA's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of COMMERCIAL BANK OF ETHIOPIA to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of COMMERCIAL BANK OF ETHIOPIA, you can log on to the official website of COMMERCIAL BANK OF ETHIOPIA, or search the current page of XTransfer, or call COMMERCIAL BANK OF ETHIOPIA to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like COMMERCIAL BANK OF ETHIOPIA?

Usually, SWIFT Code consists of 8 or 11 characters. For COMMERCIAL BANK OF ETHIOPIA, the first 4 digits represent the bank code, which is the same for COMMERCIAL BANK OF ETHIOPIA worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for COMMERCIAL BANK OF ETHIOPIA be updated or changed?

Yes. When COMMERCIAL BANK OF ETHIOPIA undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where COMMERCIAL BANK OF ETHIOPIA is located, its SWIFT Code may be updated and changed. COMMERCIAL BANK OF ETHIOPIA will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of COMMERCIAL BANK OF ETHIOPIA in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of COMMERCIAL BANK OF ETHIOPIA support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of COMMERCIAL BANK OF ETHIOPIA supports the corresponding business.