July 14, 2024

My Views on News

Impartial and Unflinching

CBE Ethiopian Commercial Bank

CBE Ethiopian Commercial Bank Warns Its Account Holders

Spread the love

CBE Ethiopian Commercial Bank, which suffered an unprecedented service shut down and huge revenue loss on Saturday, warned its customers today. Ethiopia is facing both financial and security challenges.

According to a statement by CBE, some fraudsters are trying to rob bank customers by offering them services to open closed accounts.

When CBE services were disrupted on Saturday, several account holders received messages that their accounts had been blocked. The bank today announced that it is conducting inquiries into these complaints.

Meanwhile fraudsters are contacting bank account holders, asking personal information including log in information from the customers. The scammers are demanding money for opening blocked accounts.

CBE Ethiopian Commercial Bank is warning account holders against sharing personal information and paying to anyone to get accounts unblocked.

On Saturday, CBE lost billions of Birrs after its systems were hit by a glitch which let customers make thousands of illegal money transfers. Yesterday the bank announced the formation of a task force to recover its losses.

More Stories

Access Bank Acquires National Bank of Kenya for $100 Million

Tensions Escalate in Wolkait & Other Disputed Areas of Ethiopia

Ethiopian Commercial Bank launches campaign to recover loss of billions of Birrs

Commercial Bank of Ethiopia (CBE) Denies Security Breach