cbe

USD
39.9368
40.7355
,
GBP
53.9562
55.0353
,
EUR
48.5512
49.5222
,
CHF
41.9855
42.8252
,
SEK
4.3533
4.4404
,
NOK
4.2822
4.3678
,
DKK
5.9084
6.0266
,
DJF
0.2219
0.2263
,
JPY
0.3415
0.3483
,
CAD
28.7441
29.319
,
SAR
9.6365
9.8292
,
AED
9.8388
10.0356
,
XAF
0.012
0.0122
,
INR
0
0
,
KES
0
0
,
AUD
28.5962
29.1681
,
SDR
0
0
,
ZAR
0
0
,
CNY
5.6027
5.7148
,
KWD
125.9256
128.4441

awash

USD
40.0903
40.8921
,
EUR
48.2807
49.2463
,
GBP
55.9019
57.0199
,
CAD
31.5796
32.2112
,
AED
10.9134
11.1317

abyssinia

USD
40.0903
40.8921
,
GBP
53.3863
54.454
,
EUR
48.2807
49.2463
,
AED
9.8766
10.0741
,
NOK
4.2035
4.2876
,
SAR
9.6734
9.8669
,
SEK
4.2779
4.3635
,
CAD
28.5795
29.1511

abay

USD
40.0903
40.8921
,
EUR
48.2807
49.2463
,
GBP
55.9019
57.0199
,
CHF
43.9057
44.7838
,
AUD
30.9898
31.6096
,
CAD
31.5796
32.2112
,
AED
10.9134
11.1317
,
CNY
6.2006
6.3246
,
DKK
6.4931
6.623
,
DJF
0.2227
0.2272
,
INR
0.5449
0.5558
,
JPY
0.3758
0.3833
,
KES
0.3648
0.3721
,
NOK
4.6447
4.7376
,
SAR
10.6888
10.9026
,
ZAR
2.6561
2.7092
,
SEK
4.727
4.8215

zemen

buna

USD
40.0903
40.8921
,
GBP
53.3863
54.454
,
CHF
41.9299
42.7685
,
SEK
4.2779
4.3635
,
NOK
4.2035
4.2876
,
DKK
5.8763
5.9938
,
JPY
0.3401
0.3469
,
CAD
28.5795
29.1511
,
SAR
9.6734
9.8669
,
AED
9.8766
10.0741
,
EUR
48.2807
49.2463
,
CNY
5.6115
5.7237
,
AUD
28.0458
28.6067
,
KWD
126.3791
128.9067

nib

GBP
53.3863
54.454
,
EUR
48.2807
49.2463
,
CHF
41.9299
42.7685
,
CAD
28.5795
29.1511
,
SEK
4.2779
4.3635
,
AED
9.8766
10.0741
,
SAR
9.6734
9.8669
,
ZAR
2.6388
2.6916
,
JPY
0.3401
0.3469
,
KES
0.3624
0.3697
,
DJF
0.2227
0.2272
,
INR
0.5414
0.5522
,
CNY
5.6115
5.7237
,
DKK
5.8763
5.9938
,
NOK
4.2035
4.2876
,
AUD
28.0458
28.6067
,
USD
40.0903
40.8921

berhan

USD
39.7024
40.4964
,
EUR
48.155
49.1181
,
GBP
52.7333
53.788

wegagen

USD
40.0903
40.8921
,
GBP
53.3863
54.454
,
EURO
48.2807
49.2463
,
CAD
28.5795
29.1511
,
AUD
28.0458
28.6067
,
CHF
42.1193
42.9617
,
SEK
4.3972
4.4851
,
NOK
4.3309
4.4175
,
DKK
5.95
6.069
,
DJF
0.2223
0.2267
,
INR
0.5507
0.5617
,
KSH
0.3637
0.371
,
JPY
0.3408
0.3476
,
SAR
9.6449
9.8378
,
AED
9.8473
10.0442
,
ZAR
2.6995
2.7535
,
CNY
5.6045
5.7166
,
KWD
126.0313
128.5519

dgb

USD
40.0903
40.8921
,
GBP
55.9019
57.0199
,
EUR
48.2807
49.2463
,
CHF
43.5097
44.3799
,
CAD
31.5796
32.2112
,
AUD
30.9898
31.6096
,
SEK
4.727
4.8215
,
NOK
4.6447
4.7376
,
DKK
6.4931
6.623
,
DJF
0.2227
0.2272
,
INR
0.5449
0.5558
,
KSH
0.3648
0.3721
,
JPY
0.3758
0.3833
,
SAR
10.6888
10.9026
,
AED
10.9134
11.1317
,
ZAR
2.6561
2.7092
,
CNY
6.2006
6.3246
,
KWD
132.3341
134.9808

enat

USD
40.0903
40.8921
,
EUR
48.2807
49.2463
,
GBP
55.9019
57.0199
,
CHF
43.9057
44.7838
,
SEK
4.727
4.8215
,
NOK
4.6447
4.7376
,
DKK
6.4931
6.623
,
KES
0.3648
0.3721
,
JPY
0.3758
0.3833
,
DJF
0.2227
0.2272
,
CAD
31.5796
32.2112
,
AUD
30.9898
31.6096
,
SAR
10.6888
10.9026
,
AED
10.9134
11.1317
,
ZAR
2.6561
2.7092
,
CNY
6.2006
6.3246

addis

EUR
42.8476
43.7046
,
GBP
45.2716
46.177
,
USD
36.7223
37.4567

nbe

ZAR
2.6733
2.726766
,
CNH
5.6022
5.714244
,
KWD
126.1362
128.658924
,
EUR
48.4825
49.45215
,
SDR
57.9188
59.077176
,
SAR
9.6602
9.853404
,
AUD
28.076
28.63752
,
AED
9.8631
10.060362
,
CAD
28.6259
29.198418
,
JPY
0.341
0.34782
,
KES
0.3643
0.371586
,
DJF
0.2224
0.226848
,
INR
0.5405
0.55131
,
DKK
5.901
6.01902
,
NOK
4.2173
4.301646
,
SEK
4.3295
4.41609
,
GBP
53.2095
54.27369
,
USD
40.0351
40.835802

dashen

USD
40.0903
40.8921
,
GBP
53.3863
54.454
,
CHF
4192.99
4276.8498
,
SEK
427.79
436.3458
,
NOK
420.35
428.757
,
DKK
587.63
599.3826
,
JPY
34.01
34.6902
,
CAD
28.5795
29.1511
,
SAR
967.34
986.6868
,
AED
987.66
1007.4132
,
EUR
48.2807
49.2463
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED
,
AED

oromia

USD
40.0903
40.8921
,
EUR
48.2807
49.2463
,
GBP
55.9019
57.0199
,
SAR
10.6888
10.9026
,
CHF
43.9057
44.7838
,
AED
10.9134
11.1317

lion

USD
40.0903
40.8921
,
GBP
53.3863
54.454
,
EUR
48.2807
49.2463

coop

USD
39.7691
40.5645
,
GBP
52.6281
53.6807
,
EUR
47.9774
48.9369
,
SAR
9.5955
9.7874
,
AED
9.7974
9.9933

Banks in Ethiopia

 

Banks in Ethiopia is a bank comparison website for the Ethiopian market. Ethiopia being one of the world’s fastest-growing economies, various banks in Ethiopia offer multiple banking services and benefits to select. This is a place where you can find easier access to information for different banks in Ethiopia. The website will help you find the bank and benefits for your desired purpose.

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

9.1

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

Dashen Bank

8.5

Dashen Bank

Amole Wallet

Gold debit card

Green card

Amole Digital Banking

Pay from your mobile

Berhan Bank

8.9

Berhan Bank

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Oromia International Bank

7.6

Oromia International Bank

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Commercial Bank of Ethiopia (CBE)

7.9

Commercial Bank of Ethiopia (CBE)

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr

For business

Zemen Bank

9.2

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 Wed , 03 March, 2021
Code Name Buying Selling Banks
USD United States Dollar 40.0903 40.8921
EUR Euro 48.2807 49.2463
GBP British Pound Sterling 55.9019 57.0199

 

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.

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

7.2

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

9.1

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)

7.9

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

7.5

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

7.8

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

8.9

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

8.2

Nib Bank

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

Oromia International Bank

7.6

Oromia International Bank

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Wegagen Bank

7.6

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

9.2

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

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 community

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 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 you may need to consider changing your bank.

Things to Consider Before Changing Your Bank

Which bank is best in Ethiopia?

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 that dropped over the years and they start slow impersonal service, 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
Hibret Bank

Hibret Bank

Diaspora Banking

Convenient Banking

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