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.

The Bank of Ethiopia and the Ethiopian National ID Program officially launched the integration of National ID with bank accounts today. National Bank of Ethiopia Deputy Governor Solomon Desta ...

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 ...

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 ...

Tsedey Bank has selected the Nutanix Cloud Platform to modernise its banking infrastructure as part of its transformation from a microfinance institution to a fully licensed commercial bank. After 25 ...

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 ...

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 ...

Melknat Wudu and Yismaw Dilu emerged victorious at the 2025 Great Ethiopian Run, marking the event's 25th anniversary in grand style. Melknat Wudu, representing the Commercial Bank of Ethiopia, ...

Facepalm: Customers of Ethiopia's largest bank had a nice surprise this week when a glitch allowed them to withdraw unlimited funds. More than $40 million was withdrawn from the state-owned Commercial ...