Commercial Bank of Ethiopia Recovers Over KSh 1.4b After System Glitch
Thursday, 28 March 2024, 14:42
Commercial Bank of Ethiopia Recovers 'Free Cash' Post-Glitch
The recent system glitch at the Commercial Bank of Ethiopia resulted in the loss of KSh 1.8 billion in customer deposits and savings. However, the bank was able to recover most of the amount, totaling over KSh 1.4 billion, from 15000 affected customers.
Key Points:
- Amount Recovered: Over KSh 1.4 billion in 'free cash' recouped
- Number of Customers: 15000 individuals impacted
- Resolution: Bank's successful recovery efforts post-system glitch
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.