Abe Sano News Today

The Commercial Bank of Ethiopia (CBE) experienced a technical glitch that saw customers over-withdrawing and transferring excess money.

The Commercial Bank of Ethiopia is trying to regain the full $14m withdrawn during a technical glitch.

Abe Sano, head of the Commercial Bank of Ethiopia (CBE) said on Tuesday about $10m has been recovered. Thousands of customers returned the cash voluntarily.

Ethiopia's largest bank says it has recovered almost three-quarters of the $14m (£12m) it lost in a glitch that allowed customers to...

In today’s edition: Bank of Ethiopia recovers 80% of money lost from glitch || Uganda downgrades GTB || Motsepe enters MultiChoice-Canal+ deal || ByteDance pulls the plug on WeChat || Telecom Egypt partners with Tejas Network

ADDIS ABABA, Ethiopia (AP) — Ethiopia's biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts. Abe...

Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts. Abe Sano, president of the Commercial Bank of Ethiopia, told reporters Tuesday that around $14 million was…

Many of the transactions were made by university students.

Commercial Bank of Ethiopia recovers 78% of 801.4 million birr lost in system glitch: President Abe Sano Addis Standard -

A technical problem at an Ethiopian bank allowed people to withdraw more money than they held.