cbe

USD
55.7444
56.8593
,
GBP
67.2742
68.6197
,
EUR
60.3991
61.6071
,
CHF
60.9734
62.1929
,
SEK
4.8329
4.9296
,
NOK
4.6491
4.7421
,
DKK
7.3299
7.4765
,
DJF
0.3122
0.3184
,
JPY
0.3429
0.3498
,
CAD
37.2068
37.9509
,
SAR
13.4497
13.7187
,
AED
13.7354
14.0101
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.1801
33.8437
,
SDR
,
ZAR
,
CNY
7.0626
7.2039
,
KWD
172.3885
175.8363

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
55.7444
56.8593
,
EUR
60.3991
61.6071
,
GBP
70.4442
71.8531
,
CHF
63.8465
65.1234
,
AUD
36.6631
37.3964
,
AED
15.1772
15.4807
,
CNY
7.804
7.9601
,
DKK
8.0993
8.2613
,
DJF
0.3122
0.3184
,
INR
0.6684
0.6818
,
JPY
0.3789
0.3865
,
KES
0.3632
0.3705
,
NOK
5.1371
5.2398
,
SAR
14.8616
15.1588
,
ZAR
2.9639
3.0332
,
SEK
5.3402
5.447
,
SDR
74.2906
75.7764

zemen

CAD
40.1728
40.9763
,
EUR
58.6912
59.865
,
GBP
67.4111
68.7593
,
SEK
4.9496
5.0486
,
USD
55.5052
55.5052

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
67.2742
68.6197
,
EUR
60.3991
61.6071
,
CHF
60.9734
62.1929
,
USD
55.7444
56.8593
,
CAD
37.2068
37.9509
,
AED
13.7354
14.0101
,
SAR
13.4497
13.7187

berhan

USD
53.4492
54.5182
,
EUR
58.0672
59.2285
,
GBP
62.7892
64.045
,
CAD
36.1521
36.8751
,
AED
13.1691
13.4325
,
YUA
7.1276
7.2702

wegagen

USD
55.6943
56.8082
,
GBP
67.15
68.493
,
EURO
61.0131
62.2334
,
CAD
37.0968
37.8387
,
AUD
33.3569
34.024
,
CHF
60.3518
61.5588
,
SEK
4.8352
4.9319
,
NOK
4.7282
4.8228
,
DKK
7.4063
7.5544
,
DJF
0.3121
0.3183
,
INR
0.6681
0.6815
,
KSH
0.3635
0.3708
,
JPY
0.3393
0.3461
,
SAR
13.438
13.7068
,
AED
13.7231
13.9976
,
ZAR
3.1723
3.2357
,
CNY
7.0459
7.1868
,
KWD
172.3665
175.8138

dgb

USD
55.7444
56.859288
,
GBP
70.4442
71.853084
,
EUR
60.3991
61.607082
,
CHF
63.8465
65.12343
,
CAD
41.1125
41.93475
,
AUD
36.6631
37.396362
,
SEK
5.3402
5.447004
,
NOK
5.1371
5.239842
,
DKK
8.0993
8.261286
,
DJF
0.3122
0.318444
,
INR
0.6684
0.681768
,
KSH
0.3632
0.370464
,
JPY
0.3789
0.386478
,
SAR
14.8616
15.158832
,
AED
15.1772
15.480744
,
ZAR
2.9639
3.023178
,
CNY
7.804
7.96008
,
KWD
180.5115
184.12173

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
55.7444
56.8593
,
GBP
67.2742
68.6197
,
CHF
60.9734
62.1929
,
SEK
4.8329
4.9296
,
NOK
4.6491
4.7421
,
DKK
7.3299
7.4765
,
JPY
0.3429
0.3498
,
CAD
37.2068
37.9509
,
SAR
13.4497
13.7187
,
AED
13.7354
14.0101
,
EUR
60.3991
61.6071
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

lion

USD
55.716
56.8303
,
GBP
67.3251
68.6716
,
EUR
60.7026
61.9167

coop

USD
55.6943
56.8082
,
GBP
70.3141
71.7204
,
EUR
61.0131
62.2334
,
SAR
14.8486
15.1456
,
AED
15.1636
15.4669

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.849
172.226
,
SAR
13.3629
13.3481

Addis International Bank Review

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

Pros and Cons

Maintainable foreign currency accounts tailored for Diaspora
Easy access to its E-Channels & E-Banking services
  • Complex sign up requirements for accounts
  • Fewer options for both loans and advances

    Addis International Bank Information

    Contact Information

    • ABSCETAA
    • +251-115-549800
    • +251-115-570530
    • 2455

    Diaspora Benefits

    • Optional Diaspora Deposit Accounts
    • Automobile Loan
    • Mortgage Loan
    • Working Capital Loan
    • Consumer Loan

    Internet Banking

    • Can Check Balance
    • Can Transfer Money
    • View Account Statement
    • Can Control Progress
    • Can Pay Bills Online

    Mobile Banking

    • Mobile Application
    • Balance Inquery
    • USSD Application
    • Mobile Top Up
    • Money Transfer

    Loan Interest

    • Personal Automobile Loan 16
    • Diaspora Mortgage Loan 9.8
    • Corporate Loan 16
    • Investment Loan 16
    • Working Capital Loan 16

    Saving Interest

    • Personal Saving 7%
    • Youth Saving 7.25%
    • Teen Saving 7.25%
    • Education Saving 7.25%

    Apply for a loan here

    Banks Ethiopia gives you the access and information you need to get car loan and house loan services in Ethiopia from the bank of your choice. If you are a non resident and/or a foreigner with origin of Ethiopia looking for these loan services, make sure to visit our diaspora mortgage loan and diaspora vehicle loan pages to acquire a more detailed information.

    Addis International Bank Exchange Rate

    The exchange rate of Addis International Bank can also be found at ourexchange rates page, along with all other banks’ exchange rates in Ethiopia today.

    About Addis International Bank

    Addis International Bank is a collective formation and effort of shareholders, Cooperatives, Micro Finance Institutions (MFIs), Iddirs, other business organizations, and individual citizens. In February 2002 EC(Ethiopian Calendar), Addis International Bank held its first general assembly, which had an outcome of shareholders owning more than 152,000,000 Million Birr and over 106,000,000 Paid-up capital. The number of shareholders has exceeded 8,500.

    Services provided by Addis International Bank

    Retail Banking

    Saving Account

    This is a savings account where it is to be operated by a passbook and contains an attractive interest rate. The minimum deposit required by Addis International Bank is 50 Birr. The bank demands customers who are interested in having such an account to fulfill a form and bring an ID Card that is valid and renewed as well as two photographs of passport size.

    Special Saving Account

    Addis International Bank provides a special saving account, where its customers can operate the account using a checkbook, with a good interest rate. A minimum deposit of 250 Birr is vital to have a special saving account, as well as a valid ID Card, 2 recent photographs of passport size, and a filled application form. This service by Addis International Bank has features from both savings and checking accounts, in which the customer is to have a checkbook to operate the account with allowed 5 withdrawals per month.

    Current Account

    This is an account where customers of Addis International Bank operate their current accounts using checkbooks. Additionally, customers get monthly statements and no limitations on withdrawings at any time. Depositing 250 Birr as an initial payment, having a valid trade license, ID Card, and two recent photographs with a filled application form are what AdiB requires to have a current account opened.

    Time Deposit

    This is an interest-bearing account, where individuals, businesses, companies, groups, and organizations are offered interest rates depending on excess deposited funds in their accounts for the short & long term. A minimum of 100 Birr is required by Addis International Bank for time deposit accounts, which have premature withdrawal allowance. Similar to any account openings procedure, the customer is required to have a valid and renewed ID Card & trade license, with two passport size photos and a filled application form.

    Children Account

    With an initial deposit of 25 Birr, guardians/parents can open a children’s account, which has an attractive interest rate. The account is to change to an ordinary account after the minor reaches 18 years old. To open an account, however, the guardian/parent must present his/her address with two passport photographs and either one of the following:

    • Valid ID card
    • A church certificate
    • A municipality certificate, or
    • A certificate from a hospital, etc which anyways proves the date of birth of the minor

    Student/Education Saving

    This is a saving account, with an initial deposit of 25 Birr, for students who want to pursue higher education(Masters & PhD) with an attached loan for them. Quarter statements are issued since there is no passbook to operate the account with. The customer, who is a student, must have a regular income. To apply for a loan, the student can borrow to finance his/her higher education journey, but he/she must maintain the account for at least one year. Interest is dipped into the student’s account, and an ATM card can be issued for free.

    Consumer Goods Purchase Saving

    Customers of Addis International Bank can have an interest-bearing deposit account for loans that the bank allows for the purchase of consumer goods like vehicles & household equipment and furniture. The account, with an initial deposit of 25 Birr and operated via a passbook, can be opened by a legal person and or the account holder him/herself. This account comes with an attached consumer loan, only if:

    • The account holder has a regular and stable income
    • Presented collaterals that AdiB accepts
    • When the minimum savings reaches at least 50% of consumer goods total amount

    To open an account:

    • Two recent photographs
    • Valid ID card
    • An application letter
    • Company letter verifying the account holder’s data, and
    • Other relevant documents as per the bank credit checklist

    Housing Purchase/Construction Saving

    This is an interest-bearing deposit account, where its deposited amount can be used as collateral for residential house construction or purchase. The account, which can be operated by a passbook, can be opened with a 25 Birr deposit, and either in person or via a legal agent. If the customer reaches 40% of the total cost of the house to be purchased/constructed, Addis International Bank is to avail the loan, as it is attached with the account. However, the account holder must have a regular income for the account to be eligible for such a loan.

    Addis International Bank Credit Service

    Term Loan

    This is a loan that is to be repaid within a fixed time plus with additional interest, as the loan is used to finance working capital. depending on the nature of the business and cash flow status, the repayment process can be made in chunks regularly, in which Addis international Bank may give its loans services within short, medium, and long term loans.

    Addis International Bank  provides these Term Loans: Agriculture Term Loan, and Manufacturing Term Loan

    Revolving Credit

    This is a short term targeting the exporters once they submit their export documents short of a bill of lading.

    Pre-Shipment Credit

    This is a renewable, short-term/one-time loan that is also given out to exporters so they can be capable of purchasing exportable commodities, processing, and make it ready for exports. The Pre-Shipment Credit can be issued with or without a DBE guarantee against the submission of Sales Contracts & Export Letter of Credit, which is to be used to address the financial needs of the exporters

    Overdrafts

    These are renewable, short-term advances, by which Addis International Bank customers are capable of withdrawing beyond what the maintained deposits they have in their current accounts.

    Import Letter of Credit

    This is a credit facility, provided by Addis International Bank to its customers who are engaged in import and export businesses upon payment of some percentage of the document.

    Merchandise Loans

    These are advances of short-term, which go against the merchandise or documentary proof, such as:

    • Railway Receipt
    • Warehouse Receipt, and
    • Airway Bills
    • Such loans are to be used as collateral when pledging by Addis International Bank.

    Letter of Guarantee

    This is a written promise by Addis International Bank that they will pay a sum of money to a recipient, either local or foreign, if the obligor, its customer, fails to satisfy his/her/its obligations in alliance with the terms and conditions of the contract. There are several types of guarantees that the bank provides, which include:

    • Advance payment Guarantee
    • Bid Bond Guarantee
    • Performance Bond Guarantee

    International Banking at Addis International Bank

    FX Permits

    Addis International Bank offers an attractive interest rate for excess funds deposited in the fixed deposit account by the account holders, The bank offers that for both short & long term tenors. Additionally, customers can get easy access to foreign exchange facilities. Addis International Bank also has the following included in its FX Permits:

    • Import & Export transactions
    • Invisible payments
    • Franco valuta import
    • Small items export
    • Trade Services

    Addis International Bank offers trade services, which are transacted all over the world, in its international banking service for:
    Import & Exports Made by:

    • Advance Payments
    • Consignments
    • Irrevocable & Confirmed Irrevocable Letter of Credits (LC)
    • Cash Against Documents (Documentary Collections)
    • Letter of Guarantee:
    • Bid Bond Guarantees
      Performance Bond Guarantee
      Advance Payment Guarantee

    Foreign Currency Management

    Addis International Bank opens and maintains the following foreign currency denominated accounts to its eligible customers: Customers of Addis Intercan maintain foreign currency in several types of accounts, provided by the bank, which are:

    • Non-residential (N/R) and Foreign Currency Accounts
    • Diaspora Foreign Currency Accounts
    • Retention Accounts

    Contact Information

    Addis International Bank phone number: 251-115-549800

    SWIFT: ABSCETAA, Addis Ababa, Ethiopia

    Addis International Bank Head Office: Jomo Kenyatta St, Zequala Complex Bldg, Addis Ababa, Ethiopia

    7.4

    Addis International Bank

    Loan Interest

    9.3

    Mobile Banking

    6

    Internet Banking

    6

    Saving Interest

    8.5

    Customer Service

    7.4

    Diaspora Benefit

    7

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