Pros and Cons
Have many systems with different choices supporting Start-ups and Micro, Small and Medium Enterprises (MSME)
Visoned on reaching untapped part of community including the rural area
Fewer number of branches
Less choices are available on diaspora service
Undeveloped website presence
Ahadu Bank Information
- SWIFT AHADUTAA
- + 251 11 558 4478
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.
About Ahadu Bank
Ahadu Bank is one of the latest private banks to join Ethiopia’s banking industry Ahadu Bank has managed to perform its first formation assembly on January 2, 2021 and has officially started its work at July 16, 2022 placing its headquarters in Sunshine Building, on Africa Avenue (Bole Road).
It is one of half a dozen at the cusp of entering the market, meeting the National Bank of Ethiopia’s (NBE) requirement for the minimum capital threshold of half a billion Birr.
Ahadu Bank hold its focus on uncovered and little disputed potential of the community gearing its services to mass markets such as farmers and pastoralists as well as micro-enterprises and informal businesses while it has a vision to take a lead role in the financial sector, in 2025 E.C, in support of the aspirations of the citizenry and the country.
Services Provided By Ahadu Bank
Ahadu offer specialized banking solutions to various segments which are customized to their specific requirements and create values that suite their different financial standings and expectations.
Holds different account packages to simplify daily banking system
Standard Saving Account
This account is available to all customers of the Bank with 18 or more years of age. It is interest bearing account without restriction in Operate across all channels, with the bear minimum opening balance and number of transactions.
- Micro loans for incidental expenses
- Loans for household items
- Emergency funding for urgent times of need
- Student loans and Salary advance for salaried Employees
Standard Plus(Education Saving Account)
This Saving account is in service for customers who are in plan of pursuing the next level education.
This banking system Support Start-ups and Micro, Small and Medium Enterprises giving different chooses as seen below:
Investment Saving Accounts
Supports to create incentive-rich account tailored to the held plan and leads to achieve the target.
credit facilities which are available for Start-ups and MSMEs or businesses in growth
Provides cash collection, cash supply and Cheque deposit services from/to customers’ premises according to the businesses features or the Customers.
variety banking ways for farmers and rural cooperatives.
This loan is meant to finance equipment and machineries to for agricultural production, processing or storage. This loan can be availed bay way of Lease or Project financing modality.
This account is in aim of serving the underserved rural population is creating financial awareness, availing low-cost and easy to access banking environment and encouraging savings through various incentives, campaigns and social engagements. This accounts are aided by Agent banking and biometric authentication.
Commodity Backed Loans
These are post-harvest loan facilities backed by agricultural products – movable and/or commodities.
Range of banking services that are offered to corporates
This is a current account with instant Cheque Books for your day-to-day business.
Overdraft is credit facility, one time or revolving, allowing the customers the privilege to overdraw their current account. As a working capital option to customers, Ahadu provides both temporary and regular Overdraft facilities.
For Premium Customers, the Premium Offices offer a personalized level of service. VIP Clients get access to Personal Bankers, customized services, and the atmosphere and comfort of the Premium Offices.
Products which are included in the service privileges for Premium Customers:
- Wealth Management
- Instant access to digital banking channels
- Doorstep Banking
- tailor-made Loans and Advances
- Debit Cards with line of credit for emergency funding
Additional Services of Ahadu Bank
- Standard Debit Card
- Special Purpose Cards
- Premium Debit Card
- Different Gift Card
- Cash withdrawal
- Bill Payments
- Balance Inquiry
- Mini statement
- Card less Transactions
- Exchange Rate
- Fund Transfer
- PIN Change
- Opening M-Wallet Account
- Balance Inquiry
- Paying Money (Fulfillment) Mini Statement
- Cash deposit
- Cash withdrawal
- Fund transfer
Ahadu Bank’s branch banking is designed based on customers interest by offering a platform for interaction & cross selling to both business & individual clients. It is a place of service for transaction ,application for Mobile & Card Banking ,deposit ,Cash withdrawal ,Annual & Mini Statement,Fund transfer ,Paying Money (Fulfillment) ,Balance Inquiry
Ahadu Bank phone number: + 251 11 558 4478
SWIFT: AHADUTAA, Addis Ababa, Ethiopia
Ahadu Bank Head Office: Sunshine Building, Africa Avenue Bole Road, Addis Ababa, Ethiopia
BII and FMO Announced that they have provided a loan of 20 million dollars each for a total of 40 million dollars to Dashen Bank
The total insurance coverage of the Ethiopian insurance corporation, which holds the largest market share of the Ethiopian insurance industry, has reached more than 4.4 trillion birr.
In the 2015 fiscal year, the government, which was faced with a huge budget deficit, found that the direct loan (Direct Advance) taken from the National Bank of Ethiopia was more than 180 billion birr.