cbe

USD
57.2653
58.4106
,
GBP
69.4105
70.7987
,
EUR
61.4457
62.6746
,
CHF
61.4753
63.7048
,
SEK
4.9682
5.0676
,
NOK
4.923
5.0215
,
DKK
7.4564
7.6055
,
DJF
,
JPY
0.3272
0.3337
,
CAD
37.7982
38.5542
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.5933
35.2852
,
SDR
,
ZAR
,
CNY
7.1379
7.2807
,
KWD
178.3661
181.9334

awash

USD
57.2653
58.4106
,
EUR
61.4457
62.6746
,
GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
CAD
37.7982
38.5542

abyssinia

GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
EUR
61.4457
62.6746
,
USD
57.2653
58.4106
,
CAD
37.7982
38.5542
,
AED
14.109
14.3912
,
SAR
13.8141
14.0904
,
SEK
4.9682
5.0676
,
NOK
4.923
5.0215

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
41.6356
42.4683
,
EUR
61.3505
62.5775
,
GBP
72.5868
74.0385
,
SEK
5.426
5.5345
,
USD
57.2406
58.3854

buna

nib

GBP
69.4105
70.7987
,
EUR
61.4457
62.6746
,
CHF
61.4753
62.7048
,
USD
57.2653
58.4106
,
CAD
37.7982
38.5542
,
AED
14.109
14.3912
,
SAR
13.8141
14.0904

berhan

wegagen

dgb

USD
57.1651
58.3084
,
GBP
73.1806
74.6442
,
EUR
61.3553
62.5824
,
CHF
63.7221
64.9965
,
CAD
41.5052
42.3353

enat

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
CHF
64.4819
65.7715
,
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
15.5162
15.8261
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

USD
57.2653
57.838
,
GBP
72.6811
72.7098
,
CHF
64.372
64.4009
,
SEK
5.4897
5.4913
,
NOK
5.4398
5.4407
,
DKK
8.2391
8.2396
,
DJF
0.3207
0.3225
,
INR
0.6848
0.6849
,
KES
0.4439
0.4474
,
JPY
0.3616
0.3616
,
CAD
41.766
41.7873
,
AUD
38.2246
38.2475
,
SAR
15.2642
15.265
,
AED
15.59
15.5909
,
EUR
61.4457
61.4686
,
XDR
75.447
75.447
,
ZAR
3.1652
3.1657
,
CNY
7.8872
7.8873
,
KWD
186.7708
186.828

dashen

USD
57.2653
58.4106
,
GBP
69.4105
70.7987
,
CHF
61.4753
62.7048
,
SEK
4.9682
5.0676
,
NOK
4.923
5.02146
,
DKK
7.4564
7.6055
,
JPY
0.3272
0.3337
,
CAD
37.7982
38.5542
,
SAR
13.8141
14.0904
,
AED
14.109
14.3912
,
EUR
61.4457
62.6746
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
34.5933
35.2852
,
ZAR
0
0
,
CNY
7.1379
7.2807
,
KWD
178.3661
181.9334
,
AED

oromia

USD
57.2653
58.4106
,
GBP
72.6811
74.1347
,
EUR
61.4457
62.6746
,
CHF
64.372
65.6594
,
SAR
15.2642
15.5695
,
AED
15.59
15.9018

lion

coop

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
EUR
61.3505
62.5775
,
AED
15.5825
15.8942
,
SAR
15.2556
15.5607

gadaa

USD
57.0384
58.1792
,
GBP
69.4569
70.846
,
EUR
91.9494
63.1884
,
AED
14.0523
14.3333
,
SAR
13.7631
14.0384
,
CHF
59.61
60.8022

hijra

amhara

tsehay

USD
57.2406
58.3854
,
GBP
69.3204
70.7068
,
EUR
61.3505
62.5775
,
CAD
37.6802
38.4338
,
SAR
13.8063
14.0824
,
AED
14.1022
14.3842

tsedey

USD
57.2653
58.4106
,
EUR
61.4457
62.6746
,
GBP
69.4105
70.7987
,
AED
14.109
14.3912

Bank of Abyssinia Review

Bank of Abyssinia

Bank of Abyssinia

9.1 Rating

16% Loan Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Written by: abenezer   Proof Read by:  abenezer

Pros and Cons

Secured online Banking
Multiple Banking Services
818 number of Branches
Not much support to small business

Bank of Abyssinia Information

Contact Information

Diaspora Benefits

  • Optional Diaspora Accounts
  • Mortgage Loan
  • Automobile Loan
  • Consumer Loan
  • Working Capital 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

  • Presonal Automobile Loan 15
  • Diaspora Mortgage Loan 8
  • Corporate Loan 15.5
  • Investment Loan 15.5
  • Working Capital 15.5

Saving Interest

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

Abyssinia Bank of Ethiopia Exchange Rate

The exchange rate for Abyssinia bank can also be found at our exchange rates page, along with all other banks’ exchange rates in Ethiopia today.

code name buying buyingTrend selling sellingTrend
GBP British Pound Sterling 69.4105 70.7987
CHF Swiss Franc 61.4753 62.7048
EUR Euro 61.4457 62.6746
USD United States Dollar 57.2653 58.4106
CAD Canadian Dollar 37.7982 38.5542
AED United Arab Emirates Dirham 14.109 14.3912
SAR Saudi Riyal 13.8141 14.0904
SEK Swedish Krona 4.9682 5.0676
NOK Norwegian Krone 4.923 5.0215

About Bank of Abyssinia

The present-day Bank of Abyssinia(BOA) was established on February 1996 (90 years to the day after the first but defunct private bank was established in 1906 during Emperor Menelik II).

BOA started its operation with an authorized and paid-up capital of Birr 50 million, and Birr 17.8 million respectively, and with only 131 shareholders and 32 staff.

More About Bank of Abyssinia

In two decades since its establishment Bank of Abyssinia has registered significant growth in paid-up capital and total asset. It also attracted many professional staff members, valuable shareholders, and large customers from all walks of life. This performance indicates public confidence in the Bank and reliability and satisfaction in its services.

Currently, employing state-of-art banking technology, the Bank provides excellent domestic, international, and special banking services to its esteemed and valuable customers. It also strives to serve all economic and services sectors via its ever-increasing branch networks throughout the country.

Abyssinia Bank Services

Savings Accounts

Adey Women’s Saving:

This is a type of saving Account from Abyssinia account with a high amount of interest rate. Discounts and ease are also available when shopping with this account shopping card.

Bank of Abyssinia values the role of women in a day to day life. As such to simplify and facilitate personal business, endeavors, and efforts, the bank has designated a special account. The bank offers increased saving rates to encourage women’s Saving with Adey account that will create empowerment and drive to succeed.
Benefits and Features :

  • Adey saving account holders can get a discount on safe deposit box rent
  • ATM debit card shall be issued freely which would be linked to their Adey Saving Account
  • Discounted purchases at different goods and services providers that BoA has made an agreement with.
  • An increased daily ATM cash withdrawal limit of ETB 15,000 can be arranged
  • Women who maintained an outstanding balance of ETB 25,000 at the time of birth will receive gift certificate
  • Account can be operated by ATM cash withdrawal, mobile banking, internet banking and special debit card
  • Access to priority banking service for depositors with amount above 500 thousand and special identification card will be issued

Afla Youth Saving :

Bank of Abyssinia has this type of account for the youth, in particular, to encourage the culture of saving among the youth as majority of the population is dominated by the youth.

By saving with the Afla account, one can concentrate on building own success from an early age and plant better future years ahead.

Benefits and Features:

  • Relatively higher and attractive deposit interest rate on top of minimum saving deposit rate.
  • Total cost of debit card shall be covered by the Bank for students with student ID
  • Half cost of debit card shall be covered by the Bank for those without student ID card.
  • Minimal loan interest rate.
  • Purchase discounts at agreed retail shops for purchases with debit cards .
  • Access to priority banking service for depositors with amount above ETB 500,000.
  • Account must be converted to normal/ordinary saving account when the account holder reaches the age of 29.
  • It can be operated by cash withdrawal slip, debit card, mobile and internet banking.

Education Saving:

This education saving account attests to the belief that the bank believes that education to be a fundamental tool in achieving success. This account can be opened by individuals classified as teen-youth, whose age is between 14 and 18.

Benefits and Features 

  • It is designed for saving money for higher education up to undergraduate programs
  • It provides a higher interest rate than an ordinary saving account
  • It grants scholarship funds for annual draw winning account holders who saved for at least one year and whose account balance reached birr 5,000.
  • Withdrawal from the Education Savings Account is allowed anytime. However, in order to be eligible for the scholarship or seed money award for a particular year, the customer shall deposit the minimum amount set by her/his preference for 12 months of the calendar year, and no withdrawal is allowed in this period.

Ordinary Saving:

Saving prepares a person or a business to achieve a secure future. Saving with BoA. BoA appreciates your effort to change and be the better version of yourself and it gives you the opportunity to make your efforts count by providing a savings account that starts with as little as ETB25.

Benefits and Features 

  • It is an interest-bearing account which is compounded monthly;
  • It can be opened individually, jointly, and by corporate entities;
  • It can be opened with zero balance, however, the account should show at least amount Birr 25 within a month;
  • It can be operated by cash withdrawal slip, debit card, mobile and internet banking; and
  • A minimum amount of Birr 25 has to be maintained to qualify for interest calculation.

Bank of Abyssinia  Diaspora Account

Bank of Abyssinia provides multiple options for Ethiopian Diasporas. Ethiopians living abroad can open:

  1. A Checking Account: It is a non-interest bearing account.
  2. A Savings Account: Deposits and withdrawals are made using the Bank’s form. It is an interest-bearing account.
  3. A Special Saving Account:It can be operated using a special check. It is an interest-bearing account.
  4. A Non-Interest Bearing Account: In Foreign Currency will, in the future, be allowed for Ethiopians living abroad.

Foreign Currency Accounts

Ethiopians living abroad can open:

  1. A Checking Account: It is a non-interest bearing account.
  2. A Savings Account: Deposits and withdrawals are made using the Bank’s form. It is an interest-bearing account.
  3. A Special Saving Account: It can be operated using a special check. It is an interest-bearing account.
  4. A Non-Interest Bearing Account in Foreign Currency will, in the future, be allowed for Ethiopians living abroad.

Steps for the opening of Special Savings Account at Bank of Abyssinia

  1. Fill the forms
  2.  Account Opening Form
  3.  Specimen Signature Form in two copies
  4.  Check Requisition form
  5.  List of Correspondent Banks with Bank of Abyssinia
  6.  Sign as per terms and conditions
  7.  Send the documents to the address Bank of Abyssinia P.O. Box 12947 Addis Ababa, Ethiopia

Electronic Banking

E-Commerce

Bank of Abyssinia provides a user-friendly e-commerce system, the bank delivers payment services that can serve as a payment gateway for customers.

Virtual Banking

Bank of Abyssinia (BOA) has launched five virtual machines that enable customers to open accounts, deposit and withdraw cash, and perform local money transfers. Dubbed Interactive Teller Machine (ITM) aka “branch in a box,” the terminals use touch screens and video technology to offer virtual banking services.

BoA 2FA Mobile App

Bank of Abyssinia has a Mobile App called BoA 2FA Two Factor Authentication is used for authentication, transaction authorization, and a digital signature that allows customers to safely log in to their account and perform secure Online Banking transactions. international transactions can be processed in many  ways including Bank of Abyssinia swift code ABYSETAA

Contact Information

Toll-free Number: 8397

Bank of Abyssinia phone number: +25115183981

Bank of Abyssinia email address: [email protected]

SWIFT: ABYSETAA, Addis Ababa, Ethiopia

Bank of Abyssinia Head Office: The Gambia Road, Legehar, Addis Ababa, Ethiopia

9.1

Bank of Abyssinia

Loan Interest

8.1

Mobile Banking

10

Internet Banking

10

Saving Interest

8.6

Customer Service

8.6

Diaspora Benefit

9

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