NAIROBI, Kenya (AP) — Ethiopia’s biggest bank is reportedly attempting to recover more than $40 million after a technical glitch allowed customers to withdraw more than they had in their accounts.
Long lines formed at cash machines across Ethiopia after the problem was discovered at the Commercial Bank of Ethiopia, local media reported.
The bank has not said how much was withdrawn, but Abe told reporters that half a million transactions were made during the glitch.
Photos You Should See View All 60 ImagesEstablished in 1963, the Commercial Bank of Ethiopia is the country’s largest bank with 40 million customers.
The bank will not press charges against students who took out cash that did not belong to them, Abe said.
Persons:
—, Abe Sano, Abe
Organizations:
Commercial Bank of, birr
Locations:
NAIROBI, Kenya, Ethiopia, Commercial Bank of Ethiopia, Ethiopia’s