Commercial Bank of Ethiopia (CBE), the fully state-owned enterprise, announced that it has recorded a net profit of 54.5 ...

NAIROBI, Kenya (AP) — 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.

More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks before transactions were halted.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 told a ...

ADDIS ABABA — Ethiopia’s state-owned Commercial Bank of Ethiopia has issued a deadline for anyone who illegally withdrew large amounts of money during a major technical glitch to return the funds or ...

The Commercial Bank of Ethiopia has taken steps outside its legal mandate as a financial institution, freezing accounts and publishing private data of its customers, in its latest name-and-shame ...

ADDIS ABABA, March 27 (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 ...

Rights groups Access Now and the Center for Advancement of Rights and Democracy (CARD) called for the Commercial Bank of Ethiopia (CBE) to halt its public shaming campaign in an open letter on ...

Ethiopian bank glitch lets customers withdraw millions Commercial Bank of Ethiopia has lost more than £31 million after a technical glitch let customers withdraw and transfer money that was not in ...