Commercial Bank of Ethiopia has launched a Cash Deposit Machine (CDM), to simplify banking activities for its customers.
The Bank has announced yesterday on its Facebook page that the CDM machines installed as a trial at the Bank’s Finfine branch will offer customers round the clock cash deposit facilities.
In addition to the services provided by the ATM machine, the new machine can enable users to make cash out and get foreign currency exchanges service.
Currently, CBE has more than 22 million account holders and the number of Mobile and Internet Banking users also reached more than 2.5 million as of June 30th, 2019. Active ATM cardholders reached more than 8 million.