Appraisal of Commercial Bank of Ethiopia’s Strategic Success

3080 Words Mar 20th, 2012 13 Pages
UNIVERSITY OF GREENWICH
COURSEWORK COVERSHEET
Student Name: Student ID number: Course Code: Title of Course: Title of Assessment: Type of Assessment
Zelealem Mammo J. 000710039 BUSI 1271 Global Strategy Analysis and Practice Appraisal of Commercial Bank of Ethiopia’s Strategic Success Essay Reflective Report Group work report Other (Please specify __________________)

Tutor’s Name: Date Assessment Due: Turnitin report

Dr. Woubeshet _3_ %

Appraisal of Commercial Bank of Ethiopia’s Strategic Success

Table of Contents Abstract ............................................................................................................................... 3
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In conclusion, critical issues and significant challenges are summarized and suggestion is put in place for the bank to address.

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Appraisal of Commercial Bank of Ethiopia’s Strategic Success

Introduction
General Background “The commercial Bank of Ethiopia (CBE) was legally established as a Share Company in 1963. The Commercial Bank of Ethiopia (CBE), established in 1942, has been playing a conspicuous role in economic development of the country for 70 years now…” (Commercial Bank of Ethiopia 2010).

CBE operates with vast number of local (453) and a couple of overseas branches.

Major types of Services

CBE services can be categorised into three broad classifications. Customer accounts, Trade services and Credit. CBE renders customers accounts services on deposit mobilisation through savings, Certified Payment Orders (CPOs) and foreign currency accounts. Services on import export sector include, Letter of Credit (LC), Franco Valuta, Cash Against Document (CAD), Consignment Basis Payment, to list a few. The credit products are tailored to fit existing and /or future demands of the economy and its customers.

Vision, Mission and Objectives

The Vision of the Bank is to become ‘World-Class commercial bank’ by the year 2025. The Bank’ mission is geared to realize stakeholders’ needs by aggressive financial intermediation on the global scale and support domestic development priorities. This objective is realized through deployment of
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