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Ethipion bank CBE loses millions due to glitch

Rufaro Siwela
Rufaro Siwela - Content writer
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On Saturday, customers of Ethiopia’s state-owned bank CBE discovered that they could withdraw more money than they had in their accounts.

University students then spread the word on WhatsApp and started queueing at ATMs to withdraw the cash.

The bank lost over US$40 million because of the glitch.

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Ethipion bank CBE loses millions due to glitch

On Saturday, customers of Ethiopia’s state-owned bank CBE discovered that they could withdraw more money than they had in their accounts.

University students then spread the word on WhatsApp and started queueing at ATMs to withdraw the cash.

The bank lost over US$40 million because of the glitch.

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Leave a comment

Contact Us

(+263) 77 380 2386

contact@dandaro.online

© 2024 – Dandaro Online. All rights reserved.

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