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Listing Details |
Construction and Business Bank (CBB)
Construction and Business Bank (CBB) is the successcer of Housing and Saving Bank which was established by the merger of two financial institutions, the Savings and Mortgage Corporation of Ethiopia S.C (SMC) and the Imperial Savings and Home ownerships Public association (ISHOPA), which were nationalized in 1975 at the onset of the socialist era of Ethiopia.
The savings and Mortgage Corporation of Ethiopia S.C was established in July 1965 with a capital of birr 3,000,000. Share holders were the Commercial Bank of Ethiopia, Ethiopian Airlines, Cement Corporation, Ethiopian Electric light and power authority and Agricultural and Industrial Development Bank.
And the Imperial Savings and Home ownership public association was founded on April 30, 1962 with a capital of Birr 1,000,000 out of the total 50% of the capital was emanated by the Ethiopian Government in the form of capital donation and remaining 50% by the US government in cash.
Addis Ababa P.O.Box 3480
Ethiopia
251 - 11 -5512300
251 - 11 -5 515103
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Finance & Professional » Banks & Credit Unions
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