ADDIS ABABA, June 15, 2012- The Commercial Bank of Ethiopia CBE has launched internet banking services in its effort to diversify its business ventures and reach a broader section of customers by providing alternative medium of transactions.

• The services are divided into personal and corporate internet banking. With CBE’s internet banking individual customers can check their balances transaction details transfer funds transfer money to business partners, family and friends place standing orders, view cheque details, etc around the clock from the comfort of their homes or offices without having to visit a branch.
• Under corporate banking, organizations can create multiple users with different access rights for each manage their users’ mandate by having multi-level authorization of payments as they require view their account balance information and other account details view daily transactions transfer money between their eligible accounts make payments and/or money transfers to their standard beneficiaries, etc Speaking at a press conference the CBE held in connection with the launch of the service, Information Systems Acting Vice-President Ato Solomon Mengesha said the launch of internet banking will enable the bank to significantly enhance its services.

He said the bank has paid cardinal attention to security issues so that customers’ finances are in the best possible care.

Ato Solomon said the CBE will continue investing in innovative banking services to meet growing customer needs.