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WEBMar 18, 2024 · Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch".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 · Ethiopia’s biggest bank is reportedly attempting to recover more than $40 million after a technical glitch allowed customers to withdraw more than they had in their accounts.
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 · An Ethiopian bank has put up posters shaming customers it says have not returned money they gained during a technical glitch. Notices bearing their names and photos could be seen outside...
Commercial Bank of Ethiopia 'glitch' sees customers withdraw …
WEBMar 19, 2024 · More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks before transactions were halted. The bank’s President Abie Sano...
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.
Ethiopian bank seeks to recover millions after glitch ... - Sky News
WEBMar 19, 2024 · The Commercial Bank of Ethiopia lost more than 2.4 billion Ethiopian birr (approximately £32m), local media reports suggested. The bank has not said how much was withdrawn but its CEO, Abe Sano, told reporters half a million transactions were made during the glitch.
Ethiopia's largest bank hit by glitch, customers withdraw millions
WEBMar 19, 2024 · Customers realized early on Saturday that they could withdraw more cash than their account balances at the Commercial Bank of Ethiopia (CBE), BBC reported. Reports from local media suggest that...
Commercial Bank of Ethiopia Recovers $11 Million Lost in ... - U.S. News
WEBMar 27, 2024 · ADDIS ABABA (Reuters) - The state-owned Commercial Bank of Ethiopia has recovered more than three-quarters of the $14 million it lost when a software glitch earlier this month allowed customers...
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...