cbe

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
SEK
4.8235
4.92
,
NOK
4.8161
4.9124
,
DKK
7.511
7.6612
,
DJF
,
JPY
0.333
0.3397
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.3952
35.0831
,
SDR
,
ZAR
,
CNY
7.1453
7.2882
,
KWD
177.2055
180.7496

awash

USD
56.9888
58.1286
,
EUR
61.9126
63.1509
,
GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
CAD
37.8309
38.5875

abyssinia

GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
EUR
61.9126
63.1509
,
USD
56.9888
58.1286
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265
,
NOK
4.8161
4.9124
,
SEK
5.3298
5.4364

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.8021
42.6381
,
EUR
61.9126
63.1509
,
GBP
72.1136
73.5559
,
SEK
5.3298
5.4364
,
USD
56.9888
58.1286

buna

nib

GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
USD
56.9888
58.1286
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265

berhan

wegagen

USD
56.704
57.8381
,
GBP
68.416
69.7843
,
EURO
61.4501
62.6791
,
CAD
37.8361
38.5928
,
AUD
33.7923
34.4681
,
CHF
59.9428
61.1417
,
SEK
4.8272
4.9237
,
NOK
4.7926
4.8885
,
DKK
7.4566
7.6057
,
DJF
0.2862
0.324
,
INR
0.6803
0.6939
,
KSH
0.4345
0.4432
,
JPY
0.3389
0.3457
,
SAR
13.6809
13.9545
,
AED
13.9722
14.2516
,
ZAR
3.1723
3.2357
,
CNY
7.0934
7.2353
,
KWD
176.0871
179.6088

dgb

USD
56.9757
58.1152
,
GBP
71.5102
72.9404
,
EUR
61.511
62.7412
,
CHF
62.7831
64.0388
,
CAD
41.6855
42.5192

enat

USD
56.8022
57.9382
,
GBP
70.7585
72.1737
,
CHF
62.3446
63.5915
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.4648
15.7741
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

dashen

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
SEK
4.8235
4.92
,
NOK
4.8161
4.91242
,
DKK
7.511
7.6612
,
JPY
0.333
0.3397
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
EUR
61.9126
63.1509
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
34.3952
35.0831
,
ZAR
0
0
,
CNY
7.1453
7.2882
,
KWD
177.2055
180.7496
,
AED

oromia

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221

lion

coop

USD
56.9239
58.0624
,
GBP
71.4053
72.8334
,
EUR
61.0167
62.237
,
SAR
15.1761
15.4796
,
AED
15.4967
15.8066

gadaa

USD
56.9586
58.0978
,
GBP
67.8529
69.21
,
EUR
61.1223
62.3447
,
AED
14.0327
14.3134
,
SAR
137438
14.0187
,
CHF
59.8147
61.011

hijra

amhara

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265

tsehay

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221

tsedey

USD
56.9837
58.1234
,
EUR
61.6735
62.907
,
GBP
68.612
69.9842
,
AED
14.0396
14.3204

Addis International Bank Review

Addis International Bank

Addis International Bank

7.2 Rating

14% Loan Interest

NR & FCY Accounts

Consumer Goods Purchase Saving

Revolving Credit

Consumer Goods Purchase Saving

Accessible loans granted to purchase consumer goods

Written by: abenezer   Proof Read by:  abenezer

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

7.2

Addis International Bank

Loan Interest

8

Mobile Banking

6

Internet Banking

6

Saving Interest

8.5

Customer Service

7.4

Diaspora Benefit

7

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