The Commercial Bank of Ethiopia CBE on April 30, 2012 successfully went live with the core banking solutions in major head office organs and 34 branches in Addis Ababa.
The implementation of the state-of-the-art technology would enable the CBE to better cater to customers requirements in efficient, cost effective and secure manner.
With the new technology, the CBE would also offer additional services, such as internet banking and mobile banking shortly.
Local and international consultants had participated in the project that took 20 months to ensure efficiency, compatibility, security and other issues.
Preparations are in full swing to roll out the technology in the remaining branches.