cbe

awash

USD
42.4454
43.2943
,
EUR
51.4608
52.49
,
GBP
60.0136
61.2139
,
CAD
35.105
35.8071
,
AED
11.5545
11.7856

abyssinia

USD
42.4454
43.2943
,
GBP
57.313
58.4593
,
EUR
51.4608
52.49
,
AED
10.4568
10.6659
,
NOK
4.6537
4.7468
,
SAR
10.2279
10.4325
,
SEK
4.6095
4.7017
,
CAD
31.683
32.3167

abay

USD
42.4454
43.2943
,
EUR
51.4608
52.49
,
GBP
60.0136
61.2139
,
CHF
46.9269
47.8654
,
AUD
33.1244
33.7869
,
CAD
35.105
35.8071
,
AED
11.5545
11.7856
,
CNY
6.5889
6.7207
,
DKK
6.9213
7.0597
,
DJF
0.2358
0.2405
,
INR
0.578
0.5896
,
JPY
0.3904
0.3982
,
KES
0.3963
0.4042
,
NOK
5.131
5.2336
,
SAR
11.3176
11.544
,
ZAR
3.0333
3.094
,
SEK
0.0934
0.0953
,
SDR
61.2063
62.4304

zemen

buna

USD
42.4454
43.2943
,
GBP
57.313
58.4593
,
CHF
44.8152
45.7115
,
SEK
4.6095
4.7017
,
NOK
4.6436
4.7365
,
DKK
6.2638
6.3891
,
JPY
0.3533
0.3604
,
CAD
31.77
32.4054
,
SAR
10.2424
10.4472
,
AED
10.4568
10.6659
,
EUR
51.4608
52.49
,
CNY
5.963
6.0823
,
AUD
29.9776
30.5772
,
KWD
134.5733
137.2648

nib

GBP
57.313
58.4593
,
EUR
51.4608
52.49
,
CHF
44.8152
45.7115
,
CAD
31.77
32.4054
,
SEK
4.6095
4.7017
,
AED
10.4568
10.6659
,
SAR
10.2424
10.4472
,
ZAR
3.0136
3.0739
,
JPY
0.3533
0.3604
,
KES
0.3937
0.4016
,
DJF
0.2358
0.2405
,
INR
0.5742
0.5857
,
CNY
5.963
6.0823
,
DKK
6.2638
6.3891
,
NOK
4.6436
4.7365
,
AUD
29.9776
30.5772
,
USD
42.4454
43.2943

berhan

USD
41.821
42.6574
,
EUR
50.3985
51.4065
,
GBP
55.5472
56.6581

wegagen

USD
42.3188
43.1652
,
GBP
57.0046
58.1447
,
EURO
51.4766
52.5061
,
CAD
31.6125
32.2448
,
AUD
30.1907
30.7945
,
CHF
44.3937
45.2816
,
SEK
4.5523
4.6433
,
NOK
4.6021
4.6941
,
DKK
6.21
6.3342
,
DJF
0.235
0.2397
,
INR
0.5751
0.5866
,
KSH
0.3955
0.4034
,
JPY
0.3503
0.3573
,
SAR
10.1976
10.4016
,
AED
10.4111
10.6193
,
ZAR
2.9662
3.0255
,
CNY
5.9282
6.0468
,
KWD
133.7796
136.4552

dgb

USD
42.4454
43.2943
,
GBP
60.0136
61.2139
,
EUR
51.4608
52.49
,
CHF
46.9269
47.8654
,
CAD
35.105
35.8071
,
AUD
33.1244
33.7869
,
SEK
5.0934
5.1953
,
NOK
5.131
5.2336
,
DKK
6.9213
7.0597
,
DJF
0.2358
0.2405
,
INR
0.578
0.5896
,
KSH
0.3963
0.4042
,
JPY
0.3904
0.3982
,
SAR
11.3176
11.544
,
AED
11.5545
11.7856
,
ZAR
3.0333
3.094
,
CNY
6.5889
6.7207
,
KWD
140.9145
143.7328

enat

USD
42.4454
43.2943
,
EUR
51.4608
52.49
,
GBP
60.0136
61.2139
,
CHF
46.9269
47.8654
,
SEK
5.0934
5.1953
,
NOK
5.131
5.2336
,
DKK
6.9213
7.0597
,
KES
0.3963
0.4042
,
JPY
0.3904
0.3982
,
DJF
0.2358
0.2405
,
CAD
35.105
35.8071
,
AUD
33.1244
33.7869
,
SAR
11.3176
11.544
,
AED
11.5545
11.7856
,
ZAR
3.0333
3.094
,
CNY
6.5889
6.7207

addis

EUR
42.8476
43.7046
,
GBP
45.2716
46.177
,
USD
36.7223
37.4567

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
42.4454
43.2943
,
GBP
57.313
58.4593
,
CHF
44.8152
45.7115
,
SEK
4.6095
4.7017
,
NOK
4.6436
4.7365
,
DKK
6.2638
6.3891
,
JPY
0.3533
0.3604
,
CAD
31.77
32.4054
,
SAR
10.2424
10.4472
,
AED
10.4568
10.6659
,
EUR
51.4608
52.49
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
42.4454
43.2943
,
EUR
51.4608
52.49
,
GBP
60.0136
61.2139
,
SAR
11.3176
11.544
,
CHF
46.9269
47.8654
,
AED
11.5545
11.7856

lion

USD
42.4454
43.2943
,
GBP
57.313
58.4593
,
EUR
51.4608
52.49

coop

USD
40.6279
41.4405
,
GBP
54.013
55.0933
,
EUR
48.4731
49.4426
,
SAR
9.8031
9.9992
,
AED
10.009
10.2092

Banks in Ethiopia

 

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

Compare loans and other Bank services

  • You get several loan offers.
  • Borrow safely and securely
  • Simple to apply
  • Only one place to get access to all banks

Banksethiopia.com is a website to make your bank related decisions easier by comparing currency exchange rates, diaspora related benefits, loan interest, saving interest, in technical depth to choose the best banks in Ethiopia. We have the answer for the question  “Which bank is best in Ethiopia?”

 

Recommended Banks in Ethiopia

Bank of Abyssinia

9.2

Bank of Abyssinia

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Awash Bank

8.1

Awash Bank

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Zemen Bank

9.3

Zemen Bank

Customer Focused

Professional

Daily Interest Rate

Pre Paid Cards

Debit card linked with Zemen Account

Best Ethiopian Birr Exchange Rate Of Today

Here is the list of today’s Ethiopian Birr exchange rate for different banks in Ethiopia, you can also view all Ethiopian banks exchange rates here in one place.

best transaction rates
Last Updated Sun , 16 May, 2021
Code Name Buying Selling Banks
USD United States Dollar 42.3188 43.1652
EUR Euro 50.3985 51.4065
GBP British Pound Sterling 57.0046 58.1447

 

The Ethiopian banking system consists of around 1 state-owned development bank, 1 government-owned commercial bank, and 16 private banks. 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 loan interest rates are allowed to float.  There are many factors customers consider when deciding whether a bank is good or not. Our task is to help you to find the best bank in Ethiopia for your needs.

List of all Banks in Ethiopia

Filter to Answer

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

Abay Bank

7.8

Abay Bank

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Addis International Bank

7.3

Addis International Bank

NR & FCY Accounts

Consumer Goods Purchase Saving

Revolving Credit

Consumer Goods Purchase Saving

Accessible loans granted to purchase consumer goods

Bank of Abyssinia

9.2

Bank of Abyssinia

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Berhan Bank

8.9

Berhan Bank

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Bunna Bank

7.4

Bunna Bank

Bunna Minor's Trust Account

Bunna Student Fund Transfer Account

Bunna Salary Drawing Account

Bunna Gold Checking Account

Multi Service Interest Bearing Account

Commercial Bank of Ethiopia (CBE)

8.7

Commercial Bank of Ethiopia (CBE)

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr

For business

Cooperative Bank of Oromia

7.6

Cooperative Bank of Oromia

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

Dashen Bank

8.5

Dashen Bank

Amole Wallet

Gold debit card

Green card

Amole Digital Banking

Pay from your mobile

Debub Global Bank

7.9

Debub Global Bank

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

Enat Bank

7.8

Enat Bank

Women Banking

SME Banking

Enat Bilhat

Women Financing

Special Financing for Women

Hibret Bank

8.3

Hibret Bank

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Lion Bank

8

Lion Bank

Partial Financing

Anbesa Platinum Saving Account

Consignment Payment

Anbesa HelloCash

Mobile Money Platform

Nib Bank

8.3

Nib Bank

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

Oromia International Bank

6.9

Oromia International Bank

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Wegagen Bank

7.7

Wegagen Bank

Nigat Saving

Diaspora Mortgage Loan

Trade Services

Agar Saving

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

Awash Bank

8.1

Awash Bank

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Zemen Bank

9.3

Zemen Bank

Customer Focused

Professional

Daily Interest Rate

Pre Paid Cards

Debit card linked with Zemen Account

How to Choose the Best Banks in Ethiopia

Since Ethiopia being one of the world’s fastest-growing economies, various banks in Ethiopia offer multiple banking services and benefits to select. We are a dedicated website where you can find easier access to information on different banks in Ethiopia. We’ll help you find the bank and benefits for your desired purpose.

With around 100,000 shareholders, there are 18 banks operating in Ethiopia. This makes the country an interactive, captivating space for foreign investment as there are options to choose from. 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.

In this comprehensive guide, we have reviewed, listed, and ranked most of the banks and bonuses that you can find in Ethiopia. We’ve also added a sorting option in order to help you find the best services and best banks in Ethiopia based on your needs.

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. We have also a separate comparison page for the diaspora accounts. So if you are a Ethiopian who lives abroad, that might be the section 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 services
  • Easy to use mobile banking services
  • Availability of credit and loan services
  • Low loan interest rate
  • High saving interest rate
  • Great diaspora benefits

Why Change Your Current Bank?

banks in ethiopia

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.

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

Things to Consider Before Changing Your Bank

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 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 with great customer experience.

Great customer service includes services such as

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

If You Want Higher Saving 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 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.

Banks as a rule require a few kind of ensure 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 so numerous alternatives, 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.

 

Latest Banks

Show More
Dashen Bank

Dashen Bank

Amole Digital Banking

Pay from your mobile

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

For business

Read Review
Bank of Abyssinia

Bank of Abyssinia

E-Commerce

Simplify Customer Experience

Read Review