He said it is difficult to know the customer’s information properly and that banks have been losing money due to various individuals operating in different areas.
Abe added that the banks have also suffered losses due to the inability to provide services to customers. In particular, in order to provide credit services, it is important to have complete information on the customers, he said, adding that only certain sections of the society have benefited from the service and most of the community has been excluded from the service.
Abe said the launch of digital ID in the country will fundamentally change the overall banking industry and contribute significantly to the delivery of the service to the entire society, he said.
Yodahe Zemikael, Chief Executive Officer of the National Digital Identification Program Office, on his part thanked the Commercial Bank of Ethiopia for its initiative to work with the office on the pre-implementation project launched this year.
He said it is important for a bank to know the customer’s information properly.
Message from Addis Ababa City Administration
Distinguished residents of Addis Ababa, The Feast of Baptism is one of the most celebrated festivals in our country and in Addis Ababa. The festival is a great legacy of the Orthodox Tewahedo Church in our country and a source of pride for us Ethiopians.
Ethiopians, Diaspora and Ethiopian friends, as well as a large number of followers of the faith, have come to Ethiopia this year to celebrate the Feast of Tabernacles, Baptism and Cana.
In all 116 sub-cities of Addis Ababa, 266 coffins were removed from their seats and returned to their seats in peace at 72 different baptismal sites.
Whenever the holidays come, the forces that want to achieve their hidden agenda think that there is no peace in Ethiopia and that the terrorists continue to pursue their own interests. To overthrow a democratically elected government through violence; To create suspicion and conflict among the people; And to plunge the public into unrest; Despite the fact that they planned to carry out acts of terror against the people, the celebration started and ended peacefully, not according to the wishes of the enemy, who respect the country’s religion and culture.