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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.