cbe

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
EUR
58.7184
59.8928
,
CHF
57.9363
59.095
,
SEK
4.5316
4.6222
,
NOK
4.6506
4.7436
,
DKK
7.1279
7.2705
,
DJF
0.3092
0.3154
,
JPY
0.3362
0.3429
,
CAD
37.1227
37.8652
,
SAR
13.3203
13.5867
,
AED
13.6031
13.8752
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
32.1139
32.7562
,
SDR
,
ZAR
,
CNY
6.8347
6.9714
,
KWD
170.5482
173.9592

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

abay

USD
55.2124
56.3166
,
EUR
58.7184
59.8928
,
GBP
67.5358
68.8865
,
CHF
60.6663
61.8796
,
AUD
35.485
36.1947
,
AED
15.0311
15.3317
,
CNY
7.5522
7.7032
,
DKK
7.8761
8.0336
,
DJF
0.3092
0.3154
,
INR
0.664
0.6773
,
JPY
0.3715
0.3789
,
KES
0.3737
0.3812
,
NOK
5.1388
5.2416
,
SAR
14.7186
15.013
,
ZAR
2.946
3.0049
,
SEK
5.0073
5.1074
,
SDR
72.654
74.1071

zemen

CAD
41.0196
41.84
,
EUR
58.7184
59.8928
,
GBP
67.5358
68.8865
,
SEK
5.0073
5.1074
,
USD
55.2124
56.3166

buna

USD
54.778
55.8736
,
EUR
60.4201
61.6285
,
GBP
67.3216
68.668
,
AED
13.4962
13.7661
,
SAR
13.2148
13.4791
,
CAD
37.5106
38.2608
,
CNY
6.9339
7.0726
,
USD
7.3374
7.4841
,
EUR
4.7259
4.8204
,
GBP
60.0815
61.2831
,
AED
0.3485
0.3555
,
SAR
4.8953
4.9932
,
CAD
170.2997
173.7057
,
CNY
33.2543
33.9194

nib

GBP
64.4967
65.7866
,
EUR
58.7184
59.8928
,
CHF
57.9363
59.095
,
USD
55.2124
56.3166
,
CAD
37.1227
37.8652
,
AED
13.6031
13.8752
,
SAR
13.3203
13.5867

berhan

wegagen

USD
55.1843
56.288
,
GBP
65.3387
66.6455
,
EURO
59.0472
60.2281
,
CAD
37.1702
37.9136
,
AUD
32.2574
32.9025
,
CHF
58.7918
59.9676
,
SEK
4.4943
4.5842
,
NOK
4.6479
4.7409
,
DKK
7.1688
7.3122
,
DJF
0.3093
0.3155
,
INR
0.6629
0.6762
,
KSH
0.3749
0.3824
,
JPY
0.3382
0.345
,
SAR
13.3139
13.5802
,
AED
13.5955
13.8674
,
ZAR
3.1723
3.2357
,
CNY
6.8493
6.9863
,
KWD
170.6195
174.0319

dgb

USD
55.2124
56.3166
,
GBP
67.5358
68.8865
,
EUR
58.7184
59.8928
,
CHF
60.6663
61.8796
,
CAD
41.0196
41.84
,
AUD
35.485
36.1947
,
SEK
5.0073
5.1074
,
NOK
5.1388
5.2416
,
DKK
7.8761
8.0336
,
DJF
0.3092
0.3154
,
INR
0.664
0.6773
,
KSH
0.3737
0.3812
,
JPY
0.3715
0.3789
,
SAR
14.7186
15.013
,
AED
15.0311
15.3317
,
ZAR
2.946
3.0049
,
CNY
7.5522
7.7032
,
KWD
178.5845
182.1562

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
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

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
55.2124
56.3166
,
GBP
64.4967
65.7866
,
CHF
57.9363
59.095
,
SEK
4.5316
4.6222
,
NOK
4.6506
4.7436
,
DKK
7.1279
7.2705
,
JPY
0.3362
0.3429
,
CAD
37.1227
37.8652
,
SAR
13.3203
13.5867
,
AED
13.6031
13.8752
,
EUR
58.7184
59.8928
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

USD
53.3285
54.3951
,
EUR
56.7522
57.8872
,
GBP
64.2235
65.508
,
SAR
14.185
14.4687
,
CHF
57.398
58.546
,
AED
14.5198
14.8102

lion

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
EUR
58.7184
59.8928

coop

USD
55.208
56.3122
,
GBP
67.6574
69.0105
,
EUR
58.8131
59.9894
,
SAR
14.7182
15.0126
,
AED
15.0291
15.3297

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.8489
172.2259
,
SAR
13.3629
13.3481

List of all banks in Ethiopia

Abay Bank

Abay Bank

7.9 Rating

7.2% Saving Interest

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Addis International Bank

Addis International Bank

7.4 Rating

7% Saving 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

7% Saving Interest

Agent Banking Services

Card & Branch Banking

Maiden Financial Entry

Amhara Bank

Amhara Bank

6.7 Rating

7% Saving Interest

Support innovation and entrepreneurship

Encourage investment

Serve as a trustee or as an agent

Awash Bank

Awash Bank

8.2 Rating

7% Saving 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

9.2 Rating

7% Saving Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Berhan Bank

Berhan Bank

9 Rating

7% Saving Interest

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Bunna Bank

Bunna Bank

8 Rating

7% Saving 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)

8.7 Rating

7% Saving 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

8.2 Rating

7% Saving Interest

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

Dashen Bank

Dashen Bank

8.6 Rating

7% Saving Interest

Amole Wallet

Gold debit card

Green card

Dube Ale , Amole Digital Banking

Pay from your mobile

Enat Bank

Enat Bank

7.6 Rating

7.5% Saving Interest

Women Banking

SME Banking

Enat Bilhat

Women Financing

Special Financing for Women

Global Bank Ethiopia

Global Bank Ethiopia

7.1 Rating

7% Saving Interest

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

Gadaa Bank

Gadaa Bank

7.8 Rating

7% Saving Interest

COMUNITY BANKING

Ienternet free Banking

90% youth share holders

Community Banking

youth generation inclusive

Hibret Bank

Hibret Bank

8.2 Rating

7% Saving Interest

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Lion Bank

Lion Bank

8 Rating

7% Saving Interest

Partial Financing

Anbesa Platinum Saving Account

Consignment Payment

Anbesa HelloCash

Mobile Money Platform

Hijra Bank

Hijra Bank

7.2 Rating

0% Saving Interest

Interest Free Banking

Islamic Bank

AAOIFI based core banking system

Oromia Bank

Oromia Bank

7.7 Rating

7% Saving Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Nib Bank

Nib Bank

8.2 Rating

7% Saving Interest

Domestic Banking

Credit Products

Trade services within the International Banking

Guzo Gojo Saving

Receive and Save

Siinqee Bank

Siinqee Bank

4.9 Rating

7% Saving 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% Saving Interest

Interest free banking

Islamic Bank

first Somali-owned bank in Ethiopia

The first Somali-owned Bank

Tsehay Bank

Tsehay Bank

5.8 Rating

7% Saving Interest

IFB

Eldery saving account

International Banking

Fajr (Interest free banking )

Tsedey Bank

Tsedey Bank

6.6 Rating

7% Saving Interest

Muday bank

Door-to-door saving collectors

Muday bank,IFB

Agricultural input loans

ZamZam Bank

ZamZam Bank

5.4 Rating

0% Saving Interest

Interest Free Banking

Islamic Bank

First full pledged Islamic bank

Wegagen Bank

Wegagen Bank

7.8 Rating

7% Saving 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

7% Saving 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.