CBE says 30 Branches Ransacked by Tplf Resume Services

ADDIS ABABA – The Commercial Bank of Ethiopia (CBE) on Thursday announced 30 branches, ransacked by TPLF in its northern Ethiopia district, have resumed services, the Bank said.

Earlier this month, the Bank said 238 of its branches have been looted and vandalized by terrorist TPLF group during its invasion of Amhara and Afar regions.



Following restoration works, about 30 of them have begun providing banking services, announced Ethiopia’s biggest financial institution on Thursday.

Debresina, Ataye, Kemisse, Tuba Mosque, Shewarobit area some of the branches that reaumed services.

CEO of CBE Abie Sano told ENA news agency that 238 branches located in areas that were invaded by the TPLF, have experienced various levels of destructions.

“The damage is extremely high. There is no minor damage everywhere. The group had destroyed several properties of the bank including ATM machines. It had looted money, computers, network cables, generators among other things.”



Investigations are underway to find out the overall damages, said the CEO, adding the exiting situation of the 61 branches in Mekelle and 59 branches in Shire of Tigray region is still unknown.

In liberated areas, the necessary measures will be taken in order to resume services as per the findings of the investigation, the CEO added.

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