cbe

USD
44.4074
45.2955
,
GBP
58.9316
60.1102
,
EUR
52.7604
53.8156
,
CHF
46.8194
47.7558
,
SEK
4.6847
4.7784
,
NOK
4.5733
4.6648
,
DKK
6.4197
6.5481
,
DJF
0.2467
0.2516
,
JPY
0.367
0.3743
,
CAD
32.2542
32.8993
,
SAR
10.7158
10.9301
,
AED
10.9405
10.9405
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
29.615
30.2073
,
SDR
,
ZAR
,
CNY
6.2188
6.3432
,
KWD
141.1204
143.9428

awash

USD
44.4074
45.2955
,
EUR
52.7604
53.8156
,
GBP
61.7085
62.9427
,
CAD
35.64
36.3528
,
AED
12.0889
12.3307

abyssinia

USD
44.4074
45.2955
,
GBP
58.9316
60.1102
,
EUR
52.7604
53.8156
,
AED
10.9405
11.1593
,
NOK
4.5733
4.6648
,
SAR
10.7158
10.9301
,
SEK
4.6847
4.7784
,
CAD
32.2542
32.8993

abay

zemen

buna

USD
44.4074
45.2955
,
GBP
58.9316
60.1102
,
CHF
46.8194
47.7558
,
SEK
4.6847
4.7784
,
NOK
4.5733
4.6648
,
DKK
6.4197
6.5481
,
JPY
0.367
0.3743
,
CAD
32.2542
32.8993
,
SAR
10.7158
10.9301
,
AED
10.9405
11.1593
,
EUR
52.7604
53.8156
,
CNY
6.2188
6.3432
,
AUD
29.615
30.2073
,
KWD
141.1204
143.9428

nib

GBP
58.9316
60.1102
,
EUR
52.7604
53.8156
,
CHF
46.8194
47.7558
,
CAD
32.2542
32.8993
,
SEK
4.6847
4.7784
,
AED
10.9405
11.159311
,
SAR
10.7158
10.9301
,
ZAR
3.0631
3.1243
,
JPY
0.367
0.3743
,
KES
0.4056
0.4138
,
DJF
0.2467
0.2516
,
INR
0.5932
0.6051
,
CNY
6.2188
6.3432
,
DKK
6.4197
6.5481
,
NOK
4.5733
4.6648
,
AUD
29.615
30.2073
,
USD
44.4074
45.2955

berhan

USD
42.6401
43.4929
,
EUR
52.0678
53.1092
,
GBP
57.7916
58.9474

wegagen

USD
44.4074
45.2955
,
GBP
58.9316
60.1102
,
EURO
52.7604
53.8156
,
CAD
32.2602
32.9054
,
AUD
29.615
30.2073
,
CHF
46.7563
47.6914
,
SEK
4.685
4.7787
,
NOK
4.5734
4.6649
,
DKK
6.418
6.5464
,
DJF
0.2467
0.2516
,
INR
0.5964
0.6083
,
KSH
0.4081
0.4163
,
JPY
0.3661
0.3734
,
SAR
10.7046
10.9187
,
AED
10.9291
11.1477
,
ZAR
3.0477
3.1087
,
CNY
6.2125
6.3368
,
KWD
140.8454
143.6623

dgb

USD
44.3046
45.1907
,
GBP
61.8271
63.0636
,
EUR
52.6029
53.655
,
CHF
48.7614
49.7366
,
CAD
35.5575
36.2687
,
AUD
32.7367
33.3914
,
SEK
5.1737
5.2772
,
NOK
5.0619
5.1631
,
DKK
7.0729
7.2144
,
DJF
0.2461
0.251
,
INR
0.5967
0.6086
,
KSH
0.4076
0.4158
,
JPY
0.4036
0.4117
,
SAR
11.8127
12.049
,
AED
12.0606
12.3018
,
ZAR
3.0342
3.0949
,
CNY
6.8572
6.9943
,
KWD
147.2508
150.1958

enat

USD
44.4074
45.2955
,
EUR
52.7604
53.8156
,
GBP
61.7085
62.9427
,
CHF
49.0256
50.0061
,
SEK
5.1765
5.28
,
NOK
5.0534
5.1545
,
DKK
7.0936
7.2355
,
KES
0.4083
0.4165
,
JPY
0.4055
0.4136
,
DJF
0.2467
0.2516
,
CAD
35.64
36.3528
,
AUD
32.7238
33.3783
,
SAR
11.8407
12.0775
,
AED
12.0889
12.3307
,
ZAR
3.0831
3.1448
,
CNY
6.8716
7.009

addis

EUR
52.6029
53.655
,
GBP
59.0449
60.2258
,
USD
44.3046
45.1907

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
44.4074
45.2955
,
GBP
58.9316
60.1102
,
CHF
46.8194
47.7558
,
SEK
4.6847
4.7784
,
NOK
4.5733
4.6648
,
DKK
6.4197
6.5481
,
JPY
0.367
0.3743
,
CAD
32.2542
32.8993
,
SAR
10.7158
10.9301
,
AED
10.9405
11.1593
,
EUR
52.7604
53.8156
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
44.4074
45.2955
,
EUR
52.7604
53.8156
,
GBP
61.7085
63.9427
,
SAR
11.8407
12.0775
,
CHF
49.0256
50.0061
,
AED
12.0889
12.3307

lion

USD
44.3622
45.2494
,
GBP
59.1471
60.33
,
EUR
52.7422
53.797

coop

Addis International Bank Review

Addis International Bank

7.3

Addis International Bank

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%

    Addis International Bank Exchange Rate

    code name buying buyingTrend selling sellingTrend
    EUR Euro 52.6029 53.655
    GBP British Pound Sterling 59.0449 60.2258
    USD United States Dollar 44.3046 45.1907

    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

    Exchange Rate

    Addis International Bank and other banks’ exchange rates can be found here.

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    7.3

    Addis International Bank

    Loan Interest

    9.1

    Mobile Banking

    6

    Internet Banking

    6

    Saving Interest

    8.3

    Customer Service

    7.4

    Diaspora Benefit

    7

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