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CBE Core Banking System Includes 100 Branches

The new CORE banking system of the Commercial Bank of Ethiopia has successfully integrated above 100 branch offices across the country.

The bank installed the Temeno banking system from a Swiss vendor two months ago.

The system still has been encountering some problems related to logging in and accessing customer accounts due to poor internet connectivity according to some tellers at CBE branches.

The new system requires high speed internet connection to function properly and encounters problems when there are problems in connectivity explained sources.

The problems are of the type that would be expected when installing a new system and has nothing to do with the banking software according to Yisak Mengesha, Chief Business Development Officer of the CBE.

The bank is exerting maximum effort to build its capacity and adapt new banking technologies to provide modern banking services and in spite of some minor glitches it has succeeded in configuring the new system said Yisak.

Source: The Reporter