17 March 2024
Addis Abab, Ethiopia – The National Bank of Ethiopia (NBE) issued a statement today regarding a brief interruption of services at the Commercial Bank of Ethiopia (CBE) on March 17, 2024.
The NBE confirmed the disruption stemmed from routine system updates and security checks, emphasizing it did not pose a threat to the bank, its customers, or the financial system as a whole.
The NBE stated it closely monitored the situation alongside relevant stakeholders and ensured a swift resumption of normal banking services.
The Bank highlighted its ongoing efforts to ensure the security, reliability, and efficiency of financial institutions’ systems, enabling them to meet customer needs. The public is assured that Ethiopia’s financial systems remain secure.
The NBE urged financial institutions to continuously adapt to evolving technology to enhance system security and efficiency.
The Bank reiterated its commitment to implementing necessary measures and reforms to safeguard the overall financial system’s stability and reliability.
