How many branches and ATMs does CBE operate nationwide as of 2024?

For international remittance businesses targeting Ethiopia, understanding the reach of the Commercial Bank of Ethiopia (CBE) is essential. As Ethiopia’s largest state-owned financial institution, CBE serves as a critical payout network for cross-border money transfers—enabling fast, reliable disbursements to beneficiaries across urban and rural areas.

As of 2024, CBE operates over 2,400 branches nationwide—a strategic footprint that spans all regional states and major towns. This extensive branch network ensures broad accessibility, especially in underserved communities where digital banking infrastructure remains limited. Remittance providers partnering with CBE gain unparalleled ground-level coverage, significantly improving recipient convenience and trust.

In addition to its branches, CBE maintains more than 1,800 automated teller machines (ATMs) across Ethiopia. These ATMs support cash withdrawals in local currency (ETB), offering recipients immediate access without visiting a physical branch. For remittance operators, integrating with CBE’s ATM network enhances speed, reduces operational friction, and supports financial inclusion goals.

Leveraging CBE’s scale—2,400+ branches and 1,800+ ATMs—positions remittance services for higher payout volume, lower last-mile costs, and stronger compliance alignment with Ethiopia’s National Payment System framework. It’s no wonder leading global remittance platforms prioritize CBE integration to serve Ethiopia’s 120+ million population effectively.

 

 

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