cbe

USD
53.0886
54.1504
,
GBP
62.1019
63.3439
,
EUR
55.9076
57.0258
,
CHF
54.1489
55.2319
,
SEK
4.6487
4.7417
,
NOK
4.9112
5.0094
,
DKK
6.8036
6.9397
,
DJF
0.2949
0.3008
,
JPY
0.355
0.3621
,
CAD
35.7798
36.4954
,
SAR
12.7797
13.0353
,
AED
13.0803
13.3419
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
32.6996
33.3536
,
SDR
,
ZAR
,
CNY
6.9042
7.0423
,
KWD
165.1794
168.483

awash

USD
53.0886
54.1504
,
EUR
55.9076
57.0258
,
GBP
65.0282
66.3288
,
CAD
39.5357
40.3264
,
AED
14.4534
14.7425
,
CHF
56.7004
57.8344

abyssinia

USD
52.8333
53.89
,
GBP
57.1462
58.2891
,
EUR
52.0831
53.1248
,
AED
13.0173
13.2776
,
NOK
4.525
4.6155
,
SAR
12.7148
12.9691
,
SEK
4.287
4.3727
,
CAD
34.7916
35.4874

abay

USD
53.0886
54.1504
,
EUR
55.9076
57.0258
,
GBP
65.0282
66.3288
,
CHF
56.7004
57.8344
,
AUD
36.1321
36.8547
,
AED
14.4534
14.7425
,
CNY
7.629
7.7816
,
DKK
7.5178
7.6682
,
DJF
0.2949
0.3008
,
INR
0.6485
0.6615
,
JPY
0.3922
0.4
,
KES
0.4
0.4409
,
NOK
5.4267
5.5352
,
SAR
14.1212
3.1433
,
ZAR
3.0817
3.1277
,
SEK
5.1367
5.2394
,
SDR
70.5229
71.9334

zemen

CAD
39.5064
40.2965
,
EUR
55.332
56.4386
,
GBP
64.4691
65.7585
,
SEK
5.0667
5.168
,
USD
53.061
54.1222

buna

nib

berhan

wegagen

USD
53.0774
54.1389
,
GBP
62.1396
63.3824
,
EURO
55.8693
56.9867
,
CAD
35.7404
36.4552
,
AUD
32.7503
33.4053
,
CHF
53.6594
54.7326
,
SEK
4.5906
4.6824
,
NOK
4.8276
4.9242
,
DKK
6.7205
6.8549
,
DJF
0.2947
0.3006
,
INR
0.6494
0.6624
,
KSH
0.433
0.4417
,
JPY
0.3471
0.354
,
SAR
12.7667
13.022
,
AED
13.0617
13.3229
,
ZAR
3.1723
3.2357
,
CNY
6.7196
6.854
,
KWD
164.7021
167.9961

dgb

USD
53.0886
54.1504
,
GBP
65.0282
66.3288
,
EUR
55.9076
57.0258
,
CHF
56.7004
57.8344
,
CAD
39.5357
40.3264
,
AUD
36.1321
36.8547
,
SEK
5.1367
5.2394
,
NOK
5.4267
5.5352
,
DKK
7.5178
7.6682
,
DJF
0.2949
0.3008
,
INR
0.6485
0.6615
,
KSH
0.4323
0.4409
,
JPY
0.3922
0.4
,
SAR
14.1212
14.4036
,
AED
14.4534
14.7425
,
ZAR
3.0817
3.1433
,
CNY
7.629
7.7816
,
KWD
172.9627
176.422

enat

USD
53.0886
54.1504
,
GBP
62.1019
63.3439
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

GBP
59.4718
60.6612
,
USD
52.1166
53.1589

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
53.0886
54.1504
,
GBP
62.1019
63.3439
,
CHF
54.1489
55.2319
,
SEK
4.6487
4.7417
,
NOK
4.9112
5.0094
,
DKK
6.8036
6.9397
,
JPY
0.355
0.3621
,
CAD
35.7798
36.4954
,
SAR
12.7797
13.0353
,
AED
13.0803
13.3419
,
EUR
55.9076
57.0258
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
53.0886
54.1504
,
EUR
55.9076
57.0258
,
GBP
65.0282
66.3288
,
SAR
14.1212
14.4036
,
CHF
56.7004
57.8344
,
AED
14.4534
14.7425

lion

USD
53.0886
54.1504
,
GBP
65.0282
66.3288
,
EUR
55.9076
57.0258

coop

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

8.6

Bank of Abyssinia

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Awash Bank

7.6

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

Dashen Bank

Amole Wallet

Gold debit card

Green card

Amole Digital Banking

Pay from your mobile

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 Tue , 06 December, 2022
Code Name Buying Selling Banks
USD United States Dollar 53.0886 54.1504
EUR Euro 55.9076 57.0258
GBP British Pound Sterling 65.0282 66.3288

 

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

7.2

Abay Bank

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Addis International Bank

6.7

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

8.6

Bank of Abyssinia

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Berhan Bank

8.4

Berhan Bank

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Bunna Bank

6.8

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)

8.3

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

7.7

Cooperative Bank of Oromia

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

Dashen Bank

8

Dashen Bank

Amole Wallet

Gold debit card

Green card

Amole Digital Banking

Pay from your mobile

Debub Global Bank

7.1

Debub Global Bank

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

Enat Bank

6.9

Enat Bank

Women Banking

SME Banking

Enat Bilhat

Women Financing

Special Financing for Women

Hibret Bank

7.8

Hibret Bank

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Lion Bank

7.4

Lion Bank

Partial Financing

Anbesa Platinum Saving Account

Consignment Payment

Anbesa HelloCash

Mobile Money Platform

Nib Bank

7.5

Nib Bank

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

Oromia International Bank

7.1

Oromia International Bank

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Wegagen Bank

7.1

Wegagen Bank

Nigat Saving

Diaspora Mortgage Loan

Trade Services

Agar Saving

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

Awash Bank

7.6

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

7.8

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?

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.

 

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

For business

Read Review
Bank of Abyssinia

Bank of Abyssinia

E-Commerce

Simplify Customer Experience

Read Review