cbe

USD
56.3942
57.5221
,
GBP
67.8914
69.2492
,
EUR
60.8775
62.0951
,
CHF
61.138
62.3608
,
SEK
4.9131
5.0114
,
NOK
4.8627
4.96
,
DKK
7.3918
7.5396
,
DJF
0.3158
0.3221
,
JPY
0.3401
0.3469
,
CAD
37.7184
38.4728
,
SAR
13.6076
13.8798
,
AED
13.8932
14.1711
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4291
34.0977
,
SDR
,
ZAR
,
CNY
7.0975
7.2395
,
KWD
175.0012
178.5012

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

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3778
57.5054
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
CHF
63.9422
65.221
,
AUD
36.9556
37.6947
,
AED
15.3493
15.6563
,
CNY
7.8357
7.9924
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
JPY
0.3753
0.3828
,
KES
0.3861
0.3938
,
NOK
5.3799
5.4875
,
SAR
15.0321
15.3327
,
ZAR
2.9646
3.0239
,
SEK
5.4273
5.5358
,
SDR
74.6893
76.1831

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

Awash Bank Review

Awash Bank

Awash Bank

7.6 Rating

7% Saving Interest

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Pros and Cons

Strong capital base and track record
Multi branch bank
446+ Branches
Poor Online Banking

Awash Bank Information

Contact Information

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 Automible Loan 15
  • Diaspora Mortgage Loan 7
  • Corporate Loan 15
  • Investment Loan 15
  • Working Capital Loan 15

Saving Interest

  • Personal Saving 7%
  • Women Saving 7.5%
  • Youth Saving 7.5%

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.

Awash Bank Exchange Rate

The exchange rate for Awash Bank can also be found at our exchange rates page, along with all other exchange rates in Ethiopia today.

code name buying buyingTrend selling sellingTrend
EUR Euro 56.5106 57.6408
GBP British Pound Sterling 64.5257 65.8162
JPY Japanese Yen 0.4037 0.4118
CHF Swiss Franc 57.4629 58.6122
SAR Saudi Riyal 14.1527 14.4358

About Awash Bank

Awash Bank is among the largest private banks in Ethiopia established in 1995 with a paid capital ETB of 24.2 Million. As of now, Awash Bank has 4369 shareholders and capital of ETB 5.87 billion.

Awash Bank has over 530 Branches across the country.

Awash International Bank has flourished over 25 years in a quickly evolving economy. Started with a modest beginning and a visionary aim, Awash Bank marks the history of Ethiopia to exceed a billion profit which makes it the first private in Ethiopia in this regard in the financial year 2019. Since its establishment, the Bank also has expanded in its a combination of substantial growth and an improved client benefit encounter.

Services of Awash Bank

Diaspora Account

Definition: It is a deposit account designed for Ethiopians and foreigners of Ethiopian origin living in Diaspora to open and use foreign currency account with a bank in their home country. Read more on Awash and other Diaspora accounts in Ethiopia.

Features:

Individuals and companies, that have head offices in foreign countries, can open this account.

The account can be opened in one of the following currencies only:

  • US Dollar
  • Pound Sterling
  • Euro

A deposit made in other convertible currencies such as Canadian Dollar, Saudi Riyal, Japanese Yen, Australian Dollar, and UAE Dirham shall be converted to any of the above state three currencies at a spot exchange rate based on the preference of the account holder.

Benefits:

  • Make local payment in Birr
  • Transfer to other foreign currency accounts which may include transfer to other foreign currency accounts
  • Make foreign payments such as import and other Foreign Service Payments
  • Withdraw for a travel allowance of their requirements in cash notes or any other instruments upon presentation of valid travel documents.
  • Convert into a Birr account at the prevailing exchange rate.
  • Pay for authorized bank charges
  • Serve as collateral or guarantee for loans or bids

Foreign Currency Accounts

All Ethiopian nationals living and working abroad for more than one year or business entities owned by non-resident Ethiopians and located outside Ethiopian territory for more than one year are eligible to Awash Diaspora service and to open the following foreign currency accounts:

  • Non-Resident Non-Transferable Birr accounts: Non-Resident Transferable and accounts are also non-interest-bearing accounts but they are denominated in Birr. The source of funds for NR foreign currency accounts and NR transferable Birr accounts shall be from abroad or shall only be from payments from other NR accounts.
  • Non-Resident Transferable Birr accounts: Non-Resident Non-Transferable birr accounts are also non-interest-bearing accounts but they are denominated in Birr.
  • Non Resident Transferable Foreign Currency accounts: A non-resident foreign currency account is a non-interest bearing account denominated in foreign currency. Non-resident foreign currency account, N/R transferable   Birr account shall be opened in the name of Diplomatic missions, international institutions, and their foreign employees.

Foreign exchange retention accounts:

  • Foreign Exchange Retention Account “A”
  • Foreign Exchange Retention Account “B”

The balance held in retention account “A” may be kept for an indefinite period of time and shall be sold fully or partly at a freely negotiable exchange rate at any time in the inter-bank foreign exchange market.

The balance held in retention account “B” shall only be kept up to 28 days and shall also be sold fully or partly at a freely negotiable rate within the period of 28 days in the inter-bank foreign exchange market

If not sold, the balance shall be automatically converted into local currency the next working day.

Interest-Free Banking With Awash

Interest-Free Banking services offered at Awash Bank are:

  • Fund Mobilization Scheme
  • Wadiah saving accounts
  • Labbaik-Wadiah savings (For Hadji & Umrah),
  • Wadiah Educational saving for students
  • Wadiahcurrent account (Amanah)
  • Unrestricted Mudarabah Investment account, with more than 1,000,000 initial deposit & pre-agreed PSR between the Bank & the customer

Fund Utilization(Financing/Loan) Scheme

  • Murabaha Financing scheme, (Cost + Mark-up)
  • Ijarah Muntahia Bittemlik (IMB)- Financing Ijarah
  • IFB Trade Services, (Murabaha, Musharakah and Wakalah L/C).
  • Interest-Free Export Financing scheme (Qard) = Free Loans
  • IFB Loans from the charity account (Qard) = Free Loans for the neediest person
  • IFB Bank Guarantees (Kafalah – All types of Bank Guarantees parallel with the Conventional Banking)

Banking Services to Micro Finance Institutions

Awash Bank offers custom-tailored products and services which are supposed to meet the ever-changing needs of the MFIs industry, after assessing the needs of these institutions.

These products and related services include deposit accounts, lending, salary solutions, agency banking partnerships, etc. which can either be offered individually or as product packages.

Loans and Advances – Awash Bank

To bridge the gap or the imbalance between deposit and loan requests sustainably, one of the alternative sources of finance to resort to is bank loans. Awash Bank has proposed loans and advances that are tailored to the needs of MFIs.

Loan to MFIs under Credit Risk-Sharing Guarantee Schemes

Due to limited institutional capacity to mobilize savings and insufficient collateral to borrow from banks, MFIs face challenges constraining outreach and growth of MFIs so as to source funds for on-lending to their clients.

As the result, Awash Bank in cooperation with USAID’s Development Credit Authority (DCA), provides credit risk-sharing guarantee facilities in order to further incentivize the mobilization of funds to the Microfinance Sector from banks.

The collateral requirement for MIFs reduced or eliminated as the result of the guarantee.

By reducing the potential credit risks to banks which may occur due to lack of collaterals, credit risk-sharing guarantee helps to expand access to capital by MFIs and to catalyze sustainable MFI relationships with formal financial sector actors, thereby increasing the availability of credit to micro and small enterprises.

Awash international bank

Benefits of the Product to MFIs

Benefits to Micro Finance Institutions (MFIs):

    • Easy requirements: Requirements for MFI to get a loan are simplified and easy to be fulfilled.
    • Reaching a new segment of clients with additional funds
    • Flexible Access funding and repayment arrangement
    • Decrease operating costs of obtaining funds
    • Overcome regulatory constraints of deposit-taking
    • Expand its operations and increase profitability
    • Access to expertise

Benefits To the Community:

    •  Helps the unbanked community to get access to formal financial services
    • Increase the income of households and solve unemployment problems.
    • Improves saving cultures and living standards of the community.
    • Helps to eradicate poverty.

Benefits to Target Customers

    • Target customers for proposed term loans and related services are Microfinance institutions (MFIs) which are registered and legally operating in Ethiopia.

Benefits to Mechanics of MFIs Loan

    • The MFIs applying for a loan shall secure and fulfill all legal documents, and express their commitment (undertake the obligation) to deposit and use other services of the Bank.
    • Required documents by the Bank shall be ensured or fulfilled before any application will be received.
    • Once the eligibility requirements are ascertained and all conditions are met, the Credit Policy of the Bank will be applied in the processing and approval of the loans.
    • The approval may be for a lump sum disbursement or for a credit limit that the MFIs will draw over a period of time on a phase by phase basis.

Benefits to Rationale for Offering Deposit Products for MFI Clients

    • MFIs look for loans and deposit that best address their needs under these conditions.
    • The Bank may consider the features and benefits that can maximize productivity, and experience the optimum combination of products and services, custom-tailored to the MFIs business needs.
    • There is big deposit market potential for the Bank in MFIs.

Money Transfer Services with Awash Bank

for domestic transactions here in the country awash bank mobile banking plays the mane role where as  for border cross transactions Awash has relevant options like:-

  • Incoming Transfers: Incoming Transfers, Handling incoming money transfers from abroad via International Money transfer agents working with the Bank. Incoming Transfers refer to receipts of funds from abroad for further credit to our customer account or payment in cash to the customer.

Inward remittances could be sent for different purposes such as, project financing, advance payments for exports, personal remittances, charities, salaries, holiday gifts.

Transfers could be sent through Swift, Personal or Bank Checks, and Remittance Service Providers. Awash Bank handles remittances sent through the following transfer companies such as Money Gram, T & Y, Western Union, Al-Alansari, X-press Money, EZ Remit, Dahabshill, Send exchange, Asgori, Pay pal, Trans fast, Dubai-Remit, Money Trans, Doha Bank, RIA, World Remit.

  • Outgoing Transfers:  Payment processed to individuals or organizations aboard upon the request of the Bank’s customers. Such transfers are used to effect payment for imports, tuition fees, membership fees, consultancy fees, medical bills, hotel booking, etc. Transfers can be made either through Swift or through Foreign Bank Draft. A foreign exchange permit is required to make outgoing transfers.

Forex Bureau Services

    • Buying of Foreign Currency (USD, EURO, GBP) cash notes
    • Selling of Foreign Currency (USD, EURO, GBP) cash notes
    • Foreign Bank Guarantee
    • Safe-deposit box services at areas where the bank has buildings

Awash Bank Digital Banking

Awash Bank Online Banking

Awash Bank has an online banking option for its customers.

Online services of Awash Bank include:

  • Transfer between two Awash Bank accounts
  • Transer money
  • Accounts Overview
  • Transaction history

Awash Bank Mobile Banking

The Awash bank mobile banking system is called Awash Mobile Wallet. It is a mobile banking service provided by the bank themselves. Anyone can register for Awash Mobile Wallet at any of Awash Bank’s branches, and agents.

Services at Awash Bank Mobile Banking are:

  • Balance Inquiry
  • Paying Telephone Bill
  • Rate Inquiry
  • Money Transfer
  • Withdraw cash
  • Payment
  • Request a mini statement

Awash Bank Mobile Banking Code

awash bank customer service focus on providing customers the easiest way of access to there account and Once a person is registered for Awash Mobile Wallet, dial *901# to get the mobile banking service.

Contact Information

Toll-free Number: 8980

Awash Bank phone number: +251-115-57-12-54

Awash Bank email address: [email protected]

SWIFT: AWINETAA, Addis Ababa, Ethiopia

Awash Bank Head Office: Awash Towers, Ras Abebe Aregay St Addis ababa, Ethiopia

7.6

Awash Bank

Loan Interest

5.6

Mobile Banking

8

Internet Banking

6

Saving Interest

8.4

Customer Service

8.6

Diaspora Benefit

9

Visit Website

Customer Favourite Banks In Ethiopia

Show More
Zemen Bank

Zemen Bank

Pre Paid Cards

Debit card linked with Zemen Account

Read Review
Awash Bank

Awash Bank

Business Banking

Plenty of business banking choices

Read Review
Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

CBE Birr CBE NOOR

For business

Read Review
Bank of Abyssinia

Bank of Abyssinia

E-Commerce

Simplify Customer Experience

Read Review