The Commercial Bank of Ethiopia (CBE) has announced that it will soon begin offering salary-based loans to employees of government-owned development institutions through the CBE Birr Plus app.

As part of Customer Service Month, CBE held a discussion with executives from various government-owned development institutions at its headquarters on January 28, 2025, in the afternoon. During the session, bank officials addressed questions raised by participants regarding CBE’s loan disbursement process.

In his closing remarks, Abe Sano, President of the Commercial Bank of Ethiopia, emphasized the bank’s commitment to responsibly investing public savings in national development. He also highlighted that CBE is actively preparing a range of loan options to improve public access to credit.

Abe further noted that CBE has finalized preparations to roll out the CBE Birr Plus application, which will enable employees of government development institutions to access small, salary-based loans directly via their mobile phones. These loans will require no additional collateral beyond the borrower’s salary.

Additionally, CBE is working to expand its loan accessibility beyond government development institutions, aiming to serve a broader segment of society in the near future.