cbe

USD
57.2653
58.4106
,
GBP
69.4105
70.7987
,
EUR
61.4457
62.6746
,
CHF
61.4753
63.7048
,
SEK
4.9682
5.0676
,
NOK
4.923
5.0215
,
DKK
7.4564
7.6055
,
DJF
,
JPY
0.3272
0.3337
,
CAD
37.7982
38.5542
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.5933
35.2852
,
SDR
,
ZAR
,
CNY
7.1379
7.2807
,
KWD
178.3661
181.9334

awash

USD
57.2653
58.4106
,
EUR
61.4457
62.6746
,
GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
CAD
37.7982
38.5542

abyssinia

GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
EUR
61.4457
62.6746
,
USD
57.2653
58.4106
,
CAD
37.7982
38.5542
,
AED
14.109
14.3912
,
SAR
13.8141
14.0904
,
SEK
4.9682
5.0676
,
NOK
4.923
5.0215

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.6356
42.4683
,
EUR
61.3505
62.5775
,
GBP
72.5868
74.0385
,
SEK
5.426
5.5345
,
USD
57.2406
58.3854

buna

nib

GBP
69.4105
70.7987
,
EUR
61.4457
62.6746
,
CHF
61.4753
62.7048
,
USD
57.2653
58.4106
,
CAD
37.7982
38.5542
,
AED
14.109
14.3912
,
SAR
13.8141
14.0904

berhan

wegagen

dgb

USD
57.1651
58.3084
,
GBP
73.1806
74.6442
,
EUR
61.3553
62.5824
,
CHF
63.7221
64.9965
,
CAD
41.5052
42.3353

enat

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
CHF
64.4819
65.7715
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.5162
15.8261
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

USD
57.2653
57.838
,
GBP
72.6811
72.7098
,
CHF
64.372
64.4009
,
SEK
5.4897
5.4913
,
NOK
5.4398
5.4407
,
DKK
8.2391
8.2396
,
DJF
0.3207
0.3225
,
INR
0.6848
0.6849
,
KES
0.4439
0.4474
,
JPY
0.3616
0.3616
,
CAD
41.766
41.7873
,
AUD
38.2246
38.2475
,
SAR
15.2642
15.265
,
AED
15.59
15.5909
,
EUR
61.4457
61.4686
,
XDR
75.447
75.447
,
ZAR
3.1652
3.1657
,
CNY
7.8872
7.8873
,
KWD
186.7708
186.828

dashen

USD
57.2653
58.4106
,
GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
SEK
4.9682
5.0676
,
NOK
4.923
5.02146
,
DKK
7.4564
7.6055
,
JPY
0.3272
0.3337
,
CAD
37.7982
38.5542
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
EUR
61.4457
62.6746
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
34.5933
35.2852
,
ZAR
0
0
,
CNY
7.1379
7.2807
,
KWD
178.3661
181.9334
,
AED

oromia

USD
57.2653
58.4106
,
GBP
72.6811
74.1347
,
EUR
61.4457
62.6746
,
CHF
64.372
65.6594
,
SAR
15.2642
15.5695
,
AED
15.59
15.9018

lion

coop

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
EUR
61.3505
62.5775
,
AED
15.5825
15.8942
,
SAR
15.2556
15.5607

gadaa

USD
57.0384
58.1792
,
GBP
69.4569
70.846
,
EUR
91.9494
63.1884
,
AED
14.0523
14.3333
,
SAR
13.7631
14.0384
,
CHF
59.61
60.8022

hijra

amhara

tsehay

USD
57.2406
58.3854
,
GBP
69.3204
70.7068
,
EUR
61.3505
62.5775
,
CAD
37.6802
38.4338
,
SAR
13.8063
14.0824
,
AED
14.1022
14.3842

tsedey

USD
57.2653
58.4106
,
EUR
61.4457
62.6746
,
GBP
69.4105
70.7987
,
AED
14.109
14.3912

List of all banks in Ethiopia

Abay Bank

Abay Bank

7.7 Rating

15% Loan Interest

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Addis International Bank

Addis International Bank

7.2 Rating

14% Loan Interest

NR & FCY Accounts

Consumer Goods Purchase Saving

Revolving Credit

Consumer Goods Purchase Saving

Accessible loans granted to purchase consumer goods

Ahadu Bank

Ahadu Bank

6.7 Rating

16% Loan Interest

Agent Banking Services

Card & Branch Banking

Maiden Financial Entry

Amhara Bank

Amhara Bank

5.9 Rating

13% Loan Interest

Support innovation and entrepreneurship

Encourage investment

Serve as a trustee or as an agent

Awash Bank

Awash Bank

8 Rating

15% Loan Interest

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Bank of Abyssinia

Bank of Abyssinia

9.1 Rating

16% Loan Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Berhan Bank

Berhan Bank

8.8 Rating

15.5% Loan Interest

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Bunna Bank

Bunna Bank

7.8 Rating

14.5% Loan Interest

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)

Commercial Bank of Ethiopia (CBE)

8.5 Rating

15.5% Loan Interest

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr CBE NOOR

For business

Cooperative Bank of Oromia

Cooperative Bank of Oromia

8 Rating

15% Loan Interest

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

Dashen Bank

Dashen Bank

8.4 Rating

13.7% Loan Interest

Amole Wallet

Gold debit card

Green card

Dube Ale , Amole Digital Banking

Pay from your mobile

Enat Bank

Enat Bank

7.4 Rating

14% Loan Interest

Women Banking

SME Banking

Enat Bilhat

Women Financing

Special Financing for Women

Global Bank Ethiopia

Global Bank Ethiopia

7.6 Rating

14.2% Loan Interest

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

Gadaa Bank

Gadaa Bank

7.8 Rating

15% Loan Interest

COMUNITY BANKING

Ienternet free Banking

90% youth share holders

Community Banking

youth generation inclusive

Hibret Bank

Hibret Bank

8 Rating

14% Loan Interest

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Lion Bank

Lion Bank

7.8 Rating

14.5% Loan Interest

Partial Financing

Anbesa Platinum Saving Account

Consignment Payment

Anbesa HelloCash

Mobile Money Platform

Hijra Bank

Hijra Bank

7.2 Rating

0% Loan Interest

Interest Free Banking

Islamic Bank

AAOIFI based core banking system

Oromia Bank

Oromia Bank

7.5 Rating

14% Loan Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Nib Bank

Nib Bank

8 Rating

13.5% Loan Interest

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

Siinqee Bank

Siinqee Bank

4.9 Rating

14% Loan Interest

Deiaspor Banking and loan

MFI loan

Agrecultural loan

Interest free Banking

Micro-Finanace institution's loan

Shabelle Bank

Shabelle Bank

7.3 Rating

0% Loan Interest

Interest free banking

Islamic Bank

first Somali-owned bank in Ethiopia

The first Somali-owned Bank

Tsehay Bank

Tsehay Bank

5.8 Rating

15% Loan Interest

IFB

Eldery saving account

International Banking

Fajr (Interest free banking )

Tsedey Bank

Tsedey Bank

6.1 Rating

16% Loan Interest

Muday bank

Door-to-door saving collectors

Muday bank,IFB

Agricultural input loans

ZamZam Bank

ZamZam Bank

5.4 Rating

0% Loan Interest

Interest Free Banking

Islamic Bank

First full pledged Islamic bank

Wegagen Bank

Wegagen Bank

7.6 Rating

16% Loan Interest

Nigat Saving

Diaspora Mortgage Loan

Trade Services

Agar Saving

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

Zemen Bank

Zemen Bank

7.7 Rating

16% Loan Interest

Customer Focused

Professional

Daily Interest Rate

Pre Paid Cards

Debit card linked with Zemen Account

All Banks in Ethiopia 2023

Ethiopia’s History with Banking

Ethiopia introduced herself to the Banking sector in the early years of the 19th century. The first Bank in Ethiopia was the Bank of Abyssinia which was established in 1905 with an agreement between the Ethiopian Government and The National Bank of Egypt. The Bank was permitted to process (selling shares, accepting deposits, issueing currency notes and effecting payments in cheques) which was then fully closed. This led to the emerging of Bank of Ethiopia which has currency note issues, coins and commercial banking as a faction. Bank of Ethiopia did not function for much longer; and following the war between Ethiopia and Italy, the Bank was closed and some Italian Banks emerged.

During the continuous ongoing war, different Banks emerged and reformed again and again, and finally, the departure of the Italians and the strengthening of the government led to the reemerging of the Bank of Ethiopia. After two decades of functionality, Bank of Ethiopia was classified as a National Bank and Commercial Bank of Ethiopia. On the year of 1963 E.C and with in the next few years the first private Bank in Ethiopia, “Addis Ababa Bank”, was established.

Ethiopia has gone under so many revolutionary years when it comes to the Banking industry and has grown in it all banks in Ethiopia has passed this journey one way or an other. The formation of private Banking and the strengthening of the sector has gotten in good shape throughout the years and following this year of development, Ethiopia has now close to 30 Banks including the oldest state-owned government bank: Commercial Bank of Ethiopia.

What are the main services provided by all Banks in Ethiopia?

Even though all banks in Ethiopia work depending on their own organizational rules and regulations, there are types of services that are provided by all banks as common respect to the difference in amounts and curators, most Banks share services like:

Other than the government Bank, the rest are private Banks that are built locally and among those private Banks, three of them are fully-fledged interest free Banks which are:-

  • ZamZam Bank (The first interest-free Islamic Bank in Ethiopia)
  • Shabelle Bank
  • Hijira Bank

Ethiopia started Interest-free Banking too early from the establishment of these banks with a single window service system, but now, it is being provided on a full organization level with these upcoming new banks and the sector is expected to grow fast.

All banks in Ethiopia are administrated by the National Bank of Ethiopia, the Bank gives rules and regulations to the Banks starting from their establishment, and forms all the requirements including the minimum Bank establishment finance and license.