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Global Bank Races for Growth, But Rising Costs Cast a Long Shadow

Composite Performance Index Rating: 2 / 5

Private lenders expanded in the broader banking industry, where the state-owned Commercial Bank of Ethiopia (CBE) continues to dominate, posting a 48pc rise in assets and similar growth in deposits. Their total assets grew by 28pc and deposits by nearly 30pc to 18.2 billion Br.

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