{"id":2703,"date":"2021-02-12T17:14:19","date_gmt":"2021-02-12T17:14:19","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/?p=2703"},"modified":"2021-02-12T16:49:34","modified_gmt":"2021-02-12T16:49:34","slug":"commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment","title":{"rendered":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment"},"content":{"rendered":"

Africa-Press<\/a> – Ethiopia<\/a>. <\/strong><\/span>Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge rates adjustment from the previous 8.63 percent average rate to 9.8 percent.<\/p>\n

Briefing journalists today, Commercial Bank of Ethiopia President Abe Sano said the interest rates adjustment is aimed at balancing the unbalanced income and expense rates of the bank.<\/p>\n

The income of Commercial Bank of Ethiopia is growing with an average of 26 percent rate, while its expense is growing by 39 percent during the last five years, he added.<\/p>\n

The borrowing rate of Commercial bank of Ethiopia is much lower that the market borrowing rate, which is an average of 14.5 percent, the president claimed.<\/p>\n

Accordingly, the bank has made service charges adjustment to an average of 9.8 percent from the previous 8.63 percent rate, including for merchandise goods (maximum 16.5%), micro finance (maximum 12.5 %), condominium house (12% percent), public enterprises (maximum 12.5%), corporate bond (9%), and coupon bond (10.5 %), among others.<\/p>\n

The bank also improved the loan service charges on merchandise goods that earn foreign currency from 5.5 to 9.5 percent.<\/p>\n

In related news, CBE secured 7.4 billion Birr profit in its six month performance, and the total assets of the bank reached 903.6 billion Birr, it was learned.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge rates adjustment from the previous 8.63 percent average rate to 9.8 percent. Briefing journalists today, Commercial Bank of Ethiopia President Abe Sano said the interest rates adjustment is aimed at balancing the unbalanced […]<\/p>\n","protected":false},"author":84,"featured_media":2702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,277,235],"class_list":["post-2703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"\nCommercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment - Ethiopia<\/title>\n<meta name=\"description\" content=\"Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment\" \/>\n<meta property=\"og:description\" content=\"Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-12T17:14:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment\",\"datePublished\":\"2021-02-12T17:14:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\"},\"wordCount\":206,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\",\"name\":\"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment - Ethiopia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg\",\"datePublished\":\"2021-02-12T17:14:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ethiopia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/\",\"name\":\"Ethiopia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ethiopia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment - Ethiopia","description":"Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment","og_locale":"en_US","og_type":"article","og_title":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment","og_description":"Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge ...","og_url":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment","og_site_name":"Ethiopia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-02-12T17:14:19+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment","datePublished":"2021-02-12T17:14:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment"},"wordCount":206,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg","keywords":["Africa Press","Africa Press-Ethiopia","ethiopia"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment","url":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment","name":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment - Ethiopia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg","datePublished":"2021-02-12T17:14:19+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Addis Ababa February 12\/2013 (ENA) The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#primaryimage","url":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg","contentUrl":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/02\/img-6026b17ee5e87.jpg","width":1920,"height":1080,"caption":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/commercial-bank-of-ethiopia-makes-loan-service-charge-rates-adjustment#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ethiopia\/"},{"@type":"ListItem","position":2,"name":"Commercial Bank of Ethiopia Makes Loan Service Charge Rates Adjustment"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ethiopia\/#website","url":"https:\/\/www.africa-press.net\/ethiopia\/","name":"Ethiopia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ethiopia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/posts\/2703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/comments?post=2703"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/posts\/2703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/media\/2702"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/media?parent=2703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/categories?post=2703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/tags?post=2703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}