Commercial Bank of Ethiopia

2 results about this entity

Period: 16 Oct 2018 - 19 Mar 2024

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Ethiopian bank glitch lets customers withdraw millions

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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 their accounts.

Commercial Bank of Ethiopia modernises payments infrastructure with ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, is utilizing ACI’s UP Retail Payments solution to modernize its payments infrastructure.

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