Published 1 month ago

Customers return $10m taken during bank glitch

Summary by Ground News

Ethiopia's biggest bank says it has recouped nearly 80% of the cash it lost during a system glitch. Around $14 million was withdrawn or digitally transferred during the error. The value of the transactions ranged from 9 cents to $5,350. Nearly 15,000 people have voluntarily returned funds that were illegally taken.

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BBC News

Customers return $10m taken during bank glitch

A technical problem at an Ethiopian bank allowed people to withdraw more money than they held.

1 month ago·United Kingdom

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abc News

Ethiopia's biggest bank says it has recouped most of the cash lost during a system glitch

Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during a system glitch that allowed customers to take out more money than they had in their accounts

1 month ago·United States

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The Zambian Observer

Ethiopian bank recovers over $10m lost during glitch

Ethiopia’s largest commercial bank has said it recouped more than three-quarters of money it had lost after a technical glitch allowed clients to withdraw or transfer more money than they had in their accounts. In a press statement on Tuesday the head of Commercial Bank of Ethiopia Abe Sano said more than $14m (£11m) was […]

1 month ago·Zambia

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