Ahadu Bank Review

About Ahadu Bank

Ahadu Bank  is one of the latest private bank to join Ethiopia’s banking industry Ahadu Bank has managed to perform it’s 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.

1. Retail Banking

Holds different  account packages to simplify  daily banking system

1.1 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 beary minimum opening balance and number of transactions.

 1.2 Personal Loan

includes:

• Micro loans for incidental expenses
• Loans for  household items;
• Emergency funding for urgent times of need 
• Student loans and Salary advance for salaried Employees.

 1.3 Standard Plus(Education Saving Account)

This Saving  account is in service  for  customers who are in plan of pursuing the next level education.

 2  MSME Banking

 This banking system Support Start-ups and Micro, Small and Medium Enterprises giving different chooses  as seen below :

 2.1 Investment Saving Accounts

Supports to create incentive-rich account tailored to the  held plan and leads to achieve the target.

  2.2 Business Account

 credit facilities  which are available for Start-ups and MSMEs or businesses in growth 

  2.3 Doorstep Banking

 Provides cash collection, cash supply and Cheque deposit services from/to customers’ premises according  to the  businesses  features or the Customers.

3 Rural Banking

variety banking ways for farmers and rural cooperatives.

3.1Agricultural Machinery

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.

3.2 Gebere Account

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.

3.3 Commodity Backed Loans

These are post-harvest loan facilities backed by agricultural products – movable and/or commodities.

4 Corporate Banking

Discover range of banking services that are offered to corporates

4.1Business Account

This is a current account with instant Cheque Books for your day-to-day business.

 4.2 Overdraft Loans

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.

  5 Premium Services

he Premium Offices provide a service experience in an intimate manner for Premium Customers.  Personal Bankers, tailored services and the ambiance and comfort of our Premium Offices are at the disposal of our VIP Customers.

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 include :

Card Banking:

• Standard Debit Card
• Special Purpose Cards
• Premium Debit Card
• Different Gift Card

ATM Banking:

• Cash withdrawal
• Bill Payments
• Balance Inquiry
• Mini statement                                

Card less Transactions   Exchange Rate

Fund Transfer   PIN Change

Agent Banking: 

• Opening M-Wallet Account
• Balance Inquiry
• Paying Money (Fulfillment) Mini Statement
• Cash deposit
• Cash withdrawal
• Fund transfer

Branch Banking :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