and Business Bank S.C. (CBB) is a wholly government–owned public
enterprise and successor of the Housing and Savings Bank (HSB) which
was formed in 1975 through the merger of two financial institutions
namely, Imperial Savings and Home Ownership Association, and Savings
and Mortgage Corporation of Ethiopia which were nationalized at the
on-set of the socialist era of Ethiopia.
CBB’s total assets, loans and advances and deposits grew to Birr 5,168.5
million, Birr 2,131.5 million and Birr 3,269.0 million as at end of May 31, 2012
from Birr 689.8 million, Birr 510.0 million and Birr 356.9 million in 1994 respectively.
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