2021 marks the historic 80-year anniversary and the official inauguration of the Commercial Bank of Ethiopia. We are pleased to have you here to witness this monumental day as Ethiopia begins its next chapter toward our prosperous future. Today, we celebrate the collective drive, resilience and spirit of all Ethiopians as we all come together to Reach New Heights.
The Commercial Bank of Ethiopia is one of the largest financial industry leaders in the continent. Over the past 80 years the CBE has become the beaming example of what’s possible when relentless dedication, unity and perseverance are held to the highest of standards Building Facts
A LANDMARK OF PROMISE
After the completion of the CBE New Headquarters Building, it will become the tallest building in East Africa and the third tallest building in Africa. The total building height will be 209.15 meters and 53 floors. The height of the structure is 201.75 meters and the height of the shape top is 209.15 meters.
Located on an 18,000-meter plot on Ras Desta Damtew Road at the heart of the nation’s capital, Addis Ababa, the magnificent Commercial Bank of Ethiopia stands as the tallest building in all of East Africa. It was designed to contain eight conference halls, a sightseeing tower, and two restaurants on the two uppermost floors. At the upper tier of structure is the office for Board of Directors of the Bank. It also has an emergency waiting room, an inclusive two 5-storey podiums and 20-meter-deep underground parking.
The new headquarters provide flexibility of programmed components for both everyday use and individual use with an attention to products, customers, geographical distribution, and the high function of all its resources. This structural feature truly showcases the ingenuity, authenticity and pride of Ethiopia.
BUILDING FACTS OUR FUTURE STARTS TODAY
- Final height: 209.15 meters
- Final number of floors of the Tower Building: 53 Floors, Commercial Building is 8 Floors and Conference Center 6 Floors
- Built-up area: 165,476.4m2
- Weight of empty building: 500,000 tons
- Total concrete used: 200,000 cubic meters
- Total reinforced steel used: 30,000 tons
- Total glass used for façade: 80,000 m2
- Total stainless steel used for cladding: 5,000 m2
- Total man hours: 2139 days
- Employer: Commercial Bank of Ethiopia
- Contractor :China State
Construction Engineering Corporation
- Employer Representative: Addis Ababa
Institute of Technology The public have access to:
- The 47-48F sightseeing and Sky Cafe.
- The CBE bank lobby and the auditorium
for 2000 people at the conference center.
- The commercial center shopping mall, movie theater, children’s entertainment, game areas and outdoor fountain plaza.
- The HQ remains the third tallest building in Africa while stands 1st in East Africa
Most importantly, CBE’s contribution to various national projects that aim to boost the country’s infrastructural and energy development is of paramount important; hence, it has so far supplied a total of 352 billion birr, out of which 103.4 billion birr has been allocated to the construction of the Grand Ethiopian Renaissance Dam (GERD) until today.
Since its establishment 80 years ago CBE has been dealing with a lot of social corporate responsibilities, supporting community and national development at grass root, town,and city, regional and national levels. The Bank has shown its commitment to making the country’s future as of today.
Ethiopia is the country of dreamers, doers and makers. Today, the Commercial Bank of Ethiopia shows that our collective ambitions and ideas can register great achievements. Together, we will continue our pursuit of promise to facilitate the growth and promise of Ethiopia’s future.
The inauguration of the Headquarters Building is just the beginning. The Central Bank of Ethiopia knows that dreams are fuel to the future. Today we are introducing something entirely new into the world, the epicenter where dreams become realities. The Commercial Bank of Ethiopia stands as an inspiration for what we all know to be true, that when we stand together, we will always be able to Reach New Heights.