List of all banks in Ethiopia

Abay Bank

8.5 Rating

15% Loan Interest

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

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Addis Bank

7.3 Rating

14% Loan Interest

NR & FCY Accounts

Consumer Goods Purchase Saving

Revolving Credit

Consumer Goods Purchase Saving

Accessible loans granted to purchase consumer goods

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Ahadu Bank

7.4 Rating

16% Loan Interest

Agent Banking Services

Card & Branch Banking

Maiden Financial Entry

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Amhara Bank

7.3 Rating

13% Loan Interest

Support innovation and entrepreneurship

Encourage investment

Serve as a trustee or as an agent

Investment Bank

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Awash Bank

8.8 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

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Bank of Abyssinia

8.3 Rating

16% Loan Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

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Berhan Bank

9 Rating

15.5% Loan Interest

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

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Bunna Bank

8.6 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

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Commercial Bank of Ethiopia (CBE)

8.7 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

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Cooperative Bank of Oromia

8.2 Rating

15% Loan Interest

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

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Dashen Bank

8.6 Rating

13.7% Loan Interest

Dashen Super App

Gold debit card

Green card

Dube Ale, Dashen Digital Banking

Pay from your mobile

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Enat Bank

7.9 Rating

14% Loan Interest

Women Banking

SME Banking

Enat Bilhat

Women Financing

Special Financing for Women

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Global Bank Ethiopia

8.1 Rating

14.2% Loan Interest

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

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Gadaa Bank

7.8 Rating

15% Loan Interest

COMUNITY BANKING

Ienternet free Banking

90% youth share holders

Community Banking

youth generation inclusive

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Hibret Bank

8.5 Rating

14% Loan Interest

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

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Anbesa Bank

8.3 Rating

14.5% Loan Interest

Partial Financing

Anbesa Platinum Saving Account

Consignment Payment

Anbesa HelloCash

Mobile Money Platform

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Hijra Bank

7.5 Rating

0% Loan Interest

Interest Free Banking

Islamic Bank

AAOIFI based core banking system

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Oromia Bank

6.9 Rating

14% Loan Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

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Nib International Bank

8.2 Rating

13.5% Loan Interest

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

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Siinqee Bank

6.9 Rating

14% Loan Interest

Diaspora Banking and loan

MFI loan

Agricultural loan

Interest free Banking

Micro-Finanace institution's loan

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Shabelle Bank

7.3 Rating

Interest free banking

Islamic Bank

first Somali-owned bank in Ethiopia

The first Somali-owned Bank

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Tsehay Bank

6.2 Rating

15% Loan Interest

IFB

Eldery saving account

International Banking

Fajr (Interest free banking )

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Tsedey Bank

7.3 Rating

16% Loan Interest

Muday bank

Door-to-door saving collectors

Muday bank,IFB

Agricultural input loans

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ZamZam Bank

5.7 Rating

Interest Free Banking

Islamic Bank

First full pledged Islamic bank

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Wegagen Bank

8.1 Rating

16% Loan Interest

Nigat Saving

Diaspora Mortgage Loan

Trade Services

Agar Saving

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

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Zemen Bank

7.7 Rating

16% Loan Interest

Customer Focused

Professional

Daily Interest Rate

Pre Paid Cards

Debit card linked with Zemen Account

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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:

Different types of saving (with interest and interest-free)

Diaspora account

Loan services

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.

List of all banks in Ethiopia

Abay Bank

Abay Bedeje

Addis Bank

Consumer Goods Purchase Saving

Ahadu Bank

Maiden Financial Entry

Amhara Bank

Investment Bank

Awash Bank

Business Banking

Bank of Abyssinia

E-Commerce

Berhan Bank

Berhan School Pay

Bunna Bank

Bunna Gold Checking Account

Commercial Bank of Ethiopia (CBE)

CBE Birr CBE NOOR

Cooperative Bank of Oromia

Cooperatives Financing

Dashen Bank

Dube Ale, Dashen Digital Banking

Enat Bank

Women Financing

Global Bank Ethiopia

Financial Advisory

Gadaa Bank

Community Banking

Hibret Bank

Diaspora Banking

Anbesa Bank

Anbesa HelloCash

Hijra Bank

AAOIFI based core banking system

Oromia Bank

Interest Free Banking

Nib International Bank

Guzo Gojo Saving

Siinqee Bank

Micro-Finanace institution's loan

Shabelle Bank

The first Somali-owned Bank

Tsehay Bank

Fajr (Interest free banking )

Tsedey Bank

Muday bank,IFB

ZamZam Bank

First full pledged Islamic bank

Wegagen Bank

Agar Saving

Zemen Bank

Pre Paid Cards

All Banks in Ethiopia 2024

Ethiopia’s History with Banking

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