cbe

USD
56.3942
57.5221
,
GBP
67.8914
69.2492
,
EUR
60.8775
62.0951
,
CHF
61.138
62.3608
,
SEK
4.9131
5.0114
,
NOK
4.8627
4.96
,
DKK
7.3918
7.5396
,
DJF
0.3158
0.3221
,
JPY
0.3401
0.3469
,
CAD
37.7184
38.4728
,
SAR
13.6076
13.8798
,
AED
13.8932
14.1711
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4291
34.0977
,
SDR
,
ZAR
,
CNY
7.0975
7.2395
,
KWD
175.0012
178.5012

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3778
57.5054
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
CHF
63.9422
65.221
,
AUD
36.9556
37.6947
,
AED
15.3493
15.6563
,
CNY
7.8357
7.9924
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
JPY
0.3753
0.3828
,
KES
0.3861
0.3938
,
NOK
5.3799
5.4875
,
SAR
15.0321
15.3327
,
ZAR
2.9646
3.0239
,
SEK
5.4273
5.5358
,
SDR
74.6893
76.1831

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

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Top Banks in Ethiopia

Banks Ethiopia is a bank comparison website for banks in Ethiopian market.

Bank of Abyssinia

Bank of Abyssinia

8.7 Rating

7% Saving Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Awash Bank

Awash Bank

7.6 Rating

7% Saving Interest

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

8.2 Rating

7% Saving Interest

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr CBE NOOR

For business

Business News

Visit our News page for latest news on the best Banks in Ethiopia, and anything related to Tech & Finance Industry

Latest News

Best Ethiopian Birr Exchange Rate Of Today

Ethiopian Birr Exchange Rate

Here is the list of today’s Birr Exchange Rate of banks in Ethiopia. You can also view all top Ethiopian banks exchange rates in one place.

best transaction rates
Last Updated Thu , 22 February, 2024
Code Name Buying Selling Banks
USD United States Dollar 56.3942 57.5221

cbe
EUR Euro 60.8824 62.1
GBP British Pound Sterling 70.9853 72.405

How Many Banks are There in Ethiopia?

The Ethiopian banking system consists of a state-owned development bank, a government-owned commercial bank, and 26 rank of private bank. These are the types of banks in Ethiopia.

Simply put, there are only two government banks in Ethiopia. On the other hand, when the question of how many private banks are there in Ethiopia comes up, the answer is right now, there are around 26 list of private banks in Ethiopia.

On average, private Ethiopian banks profit in Ethiopia has reached over a billion Birr gross profit. To mention, in the annual report for 2014 E.C, Awash bank made 7.45 billion, while Enat Bank’s was 377 million. For detailed information on the annual report for all Ethiopian banks’ profit for the budget year 2021/22, read this article.

According to www.privacyshield.gov Commercial Bank of Ethiopia (CBE) holds more than 60 percent of total bank deposits, bank loans, and foreign exchange. NBE controls the bank’s minimum deposit rate, which now stands at 7 percent, while bank loan interest rate in ethiopia are allowed to float.

There are many factors customers consider when deciding whether an Ethiopian banks interest rate is good or not, or other advantages. Our task is to help you to find the best bank in Ethiopia for your needs.

List of All and New Banks in Ethiopia

Filter to Answer

Which bank has the highest saving interest rate in Ethiopia ?
Which bank has the lowest loan interest rate in Ethiopia ?
Which bank has the best diaspora benefits ?
Which bank has good customer Service ?

Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

8.2 Rating

7% Saving Interest

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr CBE NOOR

For business

Bank of Abyssinia

Bank of Abyssinia

8.7 Rating

7% Saving Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Awash Bank

Awash Bank

7.6 Rating

7% Saving Interest

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Abay Bank

Abay Bank

7.2 Rating

7.2% Saving Interest

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Addis International Bank

Addis International Bank

6.8 Rating

7% Saving Interest

NR & FCY Accounts

Consumer Goods Purchase Saving

Revolving Credit

Consumer Goods Purchase Saving

Accessible loans granted to purchase consumer goods

Amhara Bank

Amhara Bank

6.4 Rating

7% Saving Interest

Support innovation and entrepreneurship

Encourage investment

Serve as a trustee or as an agent

Berhan Bank

Berhan Bank

8.4 Rating

7% Saving Interest

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Bunna Bank

Bunna Bank

7.5 Rating

7% Saving Interest

Bunna Minor's Trust Account

Bunna Student Fund Transfer Account

Bunna Salary Drawing Account

Bunna Gold Checking Account

Multi Service Interest Bearing Account

Cooperative Bank of Oromia

Cooperative Bank of Oromia

7.6 Rating

7% Saving Interest

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

Dashen Bank

Dashen Bank

8 Rating

7% Saving Interest

Amole Wallet

Gold debit card

Green card

Dube Ale , Amole Digital Banking

Pay from your mobile

Global Bank Ethiopia

Global Bank Ethiopia

7.1 Rating

7% Saving Interest

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

Enat Bank

Enat Bank

7 Rating

7.5% Saving Interest

Women Banking

SME Banking

Enat Bilhat

Women Financing

Special Financing for Women

Hibret Bank

Hibret Bank

7.6 Rating

7% Saving Interest

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Lion Bank

Lion Bank

7.4 Rating

7% Saving Interest

Partial Financing

Anbesa Platinum Saving Account

Consignment Payment

Anbesa HelloCash

Mobile Money Platform

Nib Bank

Nib Bank

7.5 Rating

7% Saving Interest

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

Oromia Bank

Oromia Bank

7.1 Rating

7% Saving Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Wegagen Bank

Wegagen Bank

7.2 Rating

7% Saving Interest

Nigat Saving

Diaspora Mortgage Loan

Trade Services

Agar Saving

Deposit that enables customers to save money to meet future needs.

ZamZam Bank

ZamZam Bank

5.4 Rating

0% Saving Interest

Interest Free Banking

Islamic Bank

First full pledged Islamic bank

Zemen Bank

Zemen Bank

7.7 Rating

7% Saving Interest

Customer Focused

Professional

Daily Interest Rate

Pre Paid Cards

Debit card linked with Zemen Account

Shabelle Bank

Shabelle Bank

7.3 Rating

0% Saving Interest

Interest free banking

Islamic Bank

first Somali-owned bank in Ethiopia

The first Somali-owned Bank

Ahadu Bank

Ahadu Bank

6.7 Rating

7% Saving Interest

Agent Banking Services

Card & Branch Banking

Maiden Financial Entry

Siinqee Bank

Siinqee Bank

4.9 Rating

7% Saving Interest

Deiaspor Banking and loan

MFI loan

Agrecultural loan

Interest free Banking

Micro-Finanace institution's loan

Tsehay Bank

Tsehay Bank

5.8 Rating

7% Saving Interest

IFB

Eldery saving account

International Banking

Fajr (Interest free banking )

How to Choose the Best Banks in Ethiopia

How to Choose the Best Bank in Ethiopia

Since Ethiopia has one of the world’s fastest-growing economies, various classification of banks in Ethiopia (Ethiopian Bank) offer multiple banking services and benefits to millions of Ethiopian Citizens, both locally and internationally.

We are a dedicated website where you can find easier access to information on different financial institutions in Ethiopia, helping you find the right bank for your desired and targeted purpose.

Total number of banks in Ethiopia

  • 1 Central bank
  • 1 Government Commercial bank
  • 28 Private banks
  • 3  Interest free banks

More on How Many Banks are Available in Ethiopia

With around 100,000 shareholders, there are 28 banks operating in Ethiopia up to date. This makes the country an interactive, captivating space for foreign investment as there are a wide options to choose from.

Surprisingly, Ethiopia’s economy is seeing an unprecedented surge, as World Bank reported that the growth averaging 9.8% a year from 2008/09 to 2018/19.

And in this comprehensive guide, we have reviewed Ethiopian banks ranking (Ethiopian Banks List) and Ethiopian private banks profit. We’ve also added a sorting option in order to help you find the best services and best banks in Ethiopia based on your preference needs.

To start with, see the list, compare and read about the various services and click on read review for more details. When you find something you like, simply find the contact information on the review detail page and make a call.

Additionally, we have a separate pages for diaspora mortgage loan in ethiopia, diaspora vehicle loan in ethiopia and diaspora accounts in Ethiopia. So if you are a Ethiopian who lives abroad, these might be the sections just for you.

How We Rate the Best Banks in Ethiopia

Based on the features below, we were able to create a score between 1-10, where 1 is a low score and 10 being the best possible score:

  • Good customer service.
  • Easily accessible information.
  • Smooth online banking.
  • Easy to use mobile banking services.
  • Availability of credit and loans.
  • Low loan interest rate.
  • High saving interest rate.
  • Great diaspora benefits.

Why Change Your Current Bank?

There are several reasons why you want to change your current bank depending on your financial circumstances.

Changing a bank may allow you to take advantage of higher saving interest rates, lower loan interest rates, and other benefit packages including credit and loan availability.

Among the several banks out there in Ethiopia, changing your current bank may not be an easy decision to make.

Banks Ethiopia has some suggestions you need to consider before changing your bank. Here are some of the key reasons why Ethiopians are considering changing a bank.

Things to Consider Before Changing Your Bank in Ethiopia

Before changing your current Bank, consider the following things:

Is Your Bank Using Modern Banking Systems (e-Banking)?

Technology has made banking much faster for both customers and banks. Some banks are not growing as the technology era grows fast. Some e-Banking features you might need are:

  • Internet Banking.

Internet Banking is also known as Online Banking. It is a banking service that allows you to access all banking services from a computer or a phone with internet access 24/7. Services of Internet Banking include download and print bank statements, fund transfers, online bill payments, and controlling loan progress.

Some Banks do not have these features. If you are the type of person who wants information about your finances from wherever you are it may be a factor to consider changing your bank.

  • Mobile Banking.

Some features of mobile banking include obtaining account balances and lists of latest transactions, electronic bill payments, remote check deposits, and funds transfers between customers or another’s accounts.

Is Your Bank’s Customer Service Poor?

If your bank had great customer service at the time you opened your account but dropped over the years. Or if you don’t like the branch atmosphere you may consider checking out other banks in Ethiopia with great customer experience.

Great customer service includes services such as

  • Long customer service open hours.
  • Abundance of ATMs and Branches.
  • Great in-person interaction with bank staff.
  • Instantaneous resolution of issues such as (canceling your card when you lose it).

Do you want Higher Saving Ethiopian Bank Interest Rate?

On the off chance that you’re getting near-zero rates in your investment funds account, it’s worth assessing options. But high-interest rates alone might not be cause for changing a bank.

Changing your account will make sense if you will essentially gain more somewhere else, so run a few numbers and decide on the off chance that it makes sense to require action.

Do you want Loans without Collateral?

Most Banks in Ethiopia as a rule require a few kinds of ensuring mechanisms in case you can’t pay back your credit. This by and large comes within the shape of collateral—tangible or intangible resources that the bank can offer to induce its cash back on the off chance that you halt paying the credit.

Collateral can be a physical asset—a vehicle, hardware or building—or other things such as accounts receivable, stock, mental property or the commerce owner’s individual assets.

Changing your bank looks like a difficult task to do, but when it comes to your money, your comfort and fulfillment ought to be the best need. With numerous most profitable bank in Ethiopia, there’s truly no reason to stay with an unsatisfactory bank. Either attempt to make the relationship right, or make a decision – but do what’s best for you.

 

Customer Favourite Banks In Ethiopia

Show More
Zemen Bank

Zemen Bank

Pre Paid Cards

Debit card linked with Zemen Account

Read Review
Awash Bank

Awash Bank

Business Banking

Plenty of business banking choices

Read Review
Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

CBE Birr CBE NOOR

For business

Read Review
Bank of Abyssinia

Bank of Abyssinia

E-Commerce

Simplify Customer Experience

Read Review