Commercial Bank of Ethiopia glitch lets customers withdraw millions - BBC
WEBMar 18, 2024 · Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch". The customers discovered early on Saturday that they could...
Ethiopian bank seeks to recover millions after a technical glitch ...
WEBMar 19, 2024 · Long lines formed at cash machines across Ethiopia after the problem was discovered at the Commercial Bank of Ethiopia, local media reported. News of the glitch Saturday was spread on social media by university students, who withdrew much of the money, said the bank’s CEO, Abe Sano.
Commercial Bank of Ethiopia head warns 'no escape' for clients …
WEBMar 20, 2024 · Commercial Bank of Ethiopia (CBE) customers rushed to take out money, or transfer it to other accounts. It took several hours for the state-owned bank to freeze transactions. Those who do...
Commercial Bank of Ethiopia names and shames customers over bank ... - BBC
WEBApr 5, 2024 · Last month, an hours-long glitch allowed customers at the CBE, Ethiopia's largest commercial bank, to withdraw or transfer more than they had in their accounts.
Ethiopia's biggest bank says it has recouped most of the cash lost ...
WEBMar 27, 2024 · The problem was caused by a “routine system update and inspection” rather than a cyberattack, according to Ethiopia’s central bank. Established in 1963, the Commercial Bank of Ethiopia is the country’s largest bank with 40 million customers.
CBE Reports Record High Annual Profit – Ethiopian Monitor
WEBJul 13, 2024 · Ethiopia's largest commercial bank, Commercial Bank of Ethiopia (CBE), announced a record 25.6 billion Birr profit before tax in the 2023/24 fiscal year. The bank also increased its revenue, loans, deposits and customers, and faced a system glitch that affected transactions.
CBE Glitch Transforms a Routine Weekend into a Jackpot
WEBA national switch operator, EthSwitch, was incorporated 13 years ago by commercial banks and the National Bank of Ethiopia (NBE) as shareholders to facilitate …
Ethiopian Bank's Technical Glitch Lets Customers Withdraw Millions
WEBMar 20, 2024 · Ethiopia's largest bank, the Commercial Bank of Ethiopia, is facing a major financial headache after a technical glitch allowed customers to withdraw more money than they had in their accounts. The...
Commercial Bank of Ethiopia glitch lets customers withdraw
WEBMar 18, 2024 · Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch". The customers discovered early on Saturday that they could...
Ethiopia’s biggest bank ‘resumes services’ in Tigray | Banks News …
WEBDec 20, 2022 · The Commercial Bank of Ethiopia said it has resumed financial services in some towns in the war-torn region of Tigray, enabling residents to access their funds after a shutdown lasting more...
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