Employee Engagement (EE) is the key focus of any organization in gaining competitivernadvantage; hence, employee engagement is the best tool for achieving it. In fact, employeernengagement is considered to be the most powerful factor to measure an organizationâ€™s strengthrnand orientation towards superior performance for goal achievement. Commercial Bank ofrnEthiopia is one of the business organizations where Employee Engagement is an important issuernthat determines towards such a superior performance. In spite of its appreciating benefit of EErnfor enhanced performance, it didnâ€™t get any considerable attention from the side of management .rnThus, the objective of the study is to examine factors that affect EE for the case of CommercialrnBank of Ethiopia. To achieve this objective, the study adopts a quantitative research approach,rnthrough the use of questionnaire provided predominantly descriptive data. A total of 410rnquestionnaires are distributed and 386 of them are returned and correctly filled by thernrespondents. For the study the researcher used a Multi-stage sampling technique, since thernpopulation is dispersed over a wide geographic area. To examine these factors the study usedrnOrdinary Least Square (OLS) and Tobit Model of estimation technique. The result of the analysisrnrevealed that, except for internal locus of control, all variable used in the regression such as:rnJob Characteristics, Reward and Recognition, Working Environment, Organization Support andrnSupervisory Support were positively affect employee engagement. More importantly it is foundrnout that perceived supervisory support is the strongest factor that determines employeernengagement where as the least is working environment. A major policy recommendation arisingrnfrom the results could be CBE should implement the significant factors that determine EmployeernEngagement for the realization of superior performance.