The state-owned Commercial Bank of Ethiopia (CBE)
will shortly buy tighten to 420 involuntary teller machines
(ATMs) and 600,000 electronic remuneration cards,
estimated to cost a nation’s largest bank an
investment of over 100 million Br.
Industry observers see in this a expostulate by a senior
managers to explain a lead, in an area where it has
neither been a colonize nor a widespread actor in
introducing information record systems in
banking.
Despite a size, with over 500 branches and a
market position of mobilising over 80pc of the
nation’s finance, a repute in appropriation IT has
been indifferent for younger private banks such as
Dashen, Zemen, Wegagen, and a consortium of three
banks.
Article source: http://addisfortune.com/CBE%20to%20Claim%20Lead%20on%20IT%20Front,%20Investing%20over%20100m%20Br.htm
The CBE could change this soon, following its
announcement to gain a largest ever series of
ATMs and EMV cards. The latter is an electronic
payment
