Commercialbankofethiopia

18 Mar

Commercial Bank of Ethiopia Discloses 2.6 Billion Birr Transaction within Six Hours

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, BankinginEthiopia, CBE, Commercialbankofethiopia, Cyberattack, EthioNegari, Ethiopia

The Commercial Bank of Ethiopia discloses a transaction amounting to 2.6 billion Birr in a single night. It was disclosed by the bank that a staggering 25,000 illegal money transfers occurred during the night of Friday, March 16, 2024. In response to this alarming revelation, the bank promptly formed a task force with the objective of investigating the perpetrators behind these illicit transactions and recovering the lost funds. Experts speculate that the breach may have originated from within the bank's digital infrastructure, suggesting a potential insider attack. The task force, comprising experts from the National Bank, Commercial Bank, and security…

07 Apr

Ethiopia’s biggest bank signs an agreement with Chinese Textile Company

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, B2BEthiopia, BankinginEthiopia, CBE, China, Commercialbankofethiopia, EthioNegari, Ethiopia

Commercial Bank of Ethiopia has signed a contract with a Chinese textile company to provide uniforms for its employees. The Commercial Bank of Ethiopia has announced that it has signed a contract with China's Jiangsu Sunshine Group to provide uniforms for its employees. Commercial Bank President Mr. Abe Sano discussed and signed an agreement with representatives of Jiangsu Sunshine Group about providing quality uniforms to employees. Mr. Abe explained that the bank allocated a large amount of money for the supply of uniforms and covered the cost for most of the employees, while middle and high-ranking bank employees and executives…