cbe

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
DJF
0.3158
0.3221
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4448
34.1137
,
SDR
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356

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

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3677
57.4951
,
EUR
60.7418
61.9566
,
GBP
71.1248
72.5473
,
CHF
63.9815
65.2611
,
AUD
36.8476
37.5846
,
AED
15.3465
15
,
CNY
7.8307
7.9873
,
DKK
8.1483
8.3113
,
DJF
0.3157
0.322
,
INR
0.6783
0.6924
,
JPY
0.3753
0.3833
,
KES
0.3887
0.3965
,
NOK
5.365
5.4723
,
SAR
15.0294
15.33
,
ZAR
2.9677
3.0271
,
SEK
5.4037
5.5118
,
SDR
74.6759
76.1694

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

List of all banks in Ethiopia

Abay Bank

Abay Bank

7.2 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

6.8 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

6.4 Rating

7% Saving Interest

Support innovation and entrepreneurship

Encourage investment

Serve as a trustee or as an agent

Awash Bank

Awash Bank

7.6 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

8.7 Rating

7% Saving Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Berhan Bank

Berhan Bank

8.4 Rating

7% Saving Interest

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Bunna Bank

Bunna Bank

7.5 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)

8.2 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

7.6 Rating

7% Saving Interest

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

Dashen Bank

Dashen Bank

8 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 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

7.7 Rating

7% Saving Interest

COMUNITY BANKING

Ienternet free Banking

90% youth share holders

Community Banking

youth generation inclusive

Hibret Bank

Hibret Bank

7.6 Rating

7% Saving Interest

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Lion Bank

Lion Bank

7.4 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

7.1 Rating

7% Saving Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Nib Bank

Nib Bank

7.5 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

6.5 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

7.2 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.