cbe

USD
131.5086
134.1388
,
GBP
174.4955
177.9854
,
EUR
149.8277
152.8243
,
CHF
156.9823
160.122
,
SEK
13.4396
13.7084
,
NOK
12.8108
13.0671
,
DKK
19.7202
20.1146
,
DJF
,
JPY
0.8912
0.909
,
CAD
94.2697
96.1551
,
SAR
35.069
35.7703
,
AED
35.809
36.5252
,
INR
,
KES
,
AUD
83.7181
85.3925
,
ZAR
,
CNY
17.9542
18.3133
,
KWD
420.8198
429.2362

awash

abyssinia

USD
132.2414
134.8862
,
GBP
174.5586
178.0498
,
EUR
149.7776
152.7732
,
AED
36.0105
36.7307
,
CHF
161.9216
165.16
,
SEK
13.8845
14.1622
,
NOK
13.175
13.4385
,
CAD
96.8518
98.7888
,
SAR
35.2597
35.9649
,
CNY
18.416
18.7843

abay

USD
132.2453
134.8902
,
GBP
179.7874
183.3832
,
EUR
153.4442
156.5131
,
AED
36.0067
36.7268
,
ZAR
7.4337
7.5824
,
SAR
35.2504
35.9554
,
JPY
0.922
0.9404
,
CHF
162.8636
166.1209
,
AUD
86.1842
87.9079
,
CNY
18.4275
18.7961

zemen

buna

USD
132.2524
134.8974
,
EUR
148.7074
151.6815
,
GBP
173.5644
177.0357
,
AED
35.7075
36.4217
,
SAR
34.1012
34.7832
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
131.9869
134.6267
,
GBP
178.084
181.6457
,
EUR
149.696
152.6899
,
CHF
160.023
163.2234
,
CAD
95.6878
97.6015
,
AED
35.9349
36.6536
,
SAR
35.1881
35.8918

berhan

USD
132.3117
134.9579
,
EUR
153.5213
156.5917
,
GBP
179.8778
183.4753
,
CAD
97.0454
98.9863
,
AED
36.0247
36.7452
,
CNY
18.4368
18.8055

wegagen

dgb

USD
132.0724
134.7138
,
EUR
148.5321
151.5027
,
GBP
167.2316
170.5762
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.8921
36.6099
,
CAD
79.1617
80.7449

enat

USD
131.9999
134.6398
,
EUR
149.5378
152.5286
,
GBP
173.5986
177.0706

ahadu

USD
132.2603
134.95
,
GBP
174.1091
177.5913
,
EUR
147.0413
149.9821
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

USD
132.4603
135.1095
,
EUR
149.9121
152.9103
,
GBP
176.8196
180.356
,
SAR
35.3171
36.0234
,
CHF
160.7918
164.0077
,
AED
36.0632
36.7845
,
KWD
0
0

dashen

USD
131.8746
134.5121
,
EUR
146.3808
149.3084
,
GBP
169.7623
173.1576
,
CAD
86.2457
87.9706
,
AED
32.4921
33.1419
,
SAR
31.8121
32.4484
,
CNY
16.5312
16.8618

oromia

USD
132.3112
134.9574
,
GBP
174.3332
177.8199
,
EUR
146.5876
149.5193
,
CHF
160.6109
163.8231
,
SAR
35.2773
35.9829
,
AED
36.0227
36.7431

lion

USD
132.335
134.9817
,
GBP
174.6382
178.131
,
EUR
150.0776
153.0792

developmentbank

USD
131.8409
134.4777
,
GBP
177.5897
181.1415
,
EUR
150.4173
153.4256
,
CHF
160.0399
163.2407
,
SEK
13.7121
13.9864
,
NOK
13.0176
13.2779
,
DKK
20.1659
20.5693
,
DJF
0.7384
0.7532
,
JPY
0.9076
0.9258
,
CAD
96.3397
98.2665
,
SAR
35.1519
35.855
,
AED
35.8946
36.6125
,
INR
1.5425
1.5734
,
KES
1.0189
1.0392
,
AUD
85.8021
87.5181
,
SDR
179.4355
183.0242
,
ZAR
7.4483
7.5973
,
CNY
18.3456
18.7125
,
KWD
430.3287
438.9353

coop

USD
131.8106
134.4978
,
GBP
168.331
171.6976
,
EUR
143.4649
146.3342
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

gadaa

USD
132.3432
134.9901
,
GBP
164.0356
167.3163
,
EUR
150.4273
153.4358
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1009
134.743
,
EUR
148.0245
150.985
,
GBP
173.278
176.7436
,
SAR
35.8412
36.558
,
AED
36.5963
37.3282

amhara

USD
132.998
135.658
,
GBP
179.7069
183.301
,
EUR
152.0832
155.1249
,
CAD
97.1923
99.1362
,
AED
36.2156
36.9399
,
SAR
35.4624
36.1716

tsehay

USD
131.5382
134.169
,
GBP
169.2591
172.6443
,
EUR
147.856
150.8131
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
132.2392
134.8839
,
EUR
153.4371
156.5058
,
GBP
179.7791
183.3747
,
AED
36.005
36.7251
,
CHF
162.8561
166.1132
,
SEK
14.0065
14.2866
,
NOK
13.2585
13.5237
,
DKK
20.5692
20.9805
,
DJF
0.7406
0.7554
,
INR
1.546
1.5769
,
JPY
0.9219
0.9404
,
CAD
96.9922
98.932
,
SAR
35.2487
35.9537
,
ZAR
7.4334
7.5821
,
CNY
18.4267
18.7952
,
KWD
432.2766
440.9221
,
KES
1.0219
1.0424

siinqee

USD
132.0996
134.7416
,
EUR
150.5593
153.5705
,
GBP
178.7073
182.2814
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
132.2
134.844
,
EUR
149.0078
151.988
,
GBP
171.2119
174.6361
,
CHF
148.0209
150.9813

gohbetoch

USD
132.2305
134.8751
,
EUR
148.8552
151.8323
,
GBP
174.4931
177.9078
,
AED
35.0447
35.7758

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9296
0.9389
,
KWD
437.0664
441.4371
,
CNY
18.6464
18.8329
,
ZAR
7.5052
7.5802
,
XDR
182.3467
184.1702
,
EUR
152.6013
154.1273
,
AED
36.4948
36.8597
,
SAR
35.7387
36.0961
,
AUD
86.7833
87.6511
,
CAD
97.746
98.7235
,
USD
134.0489
134.1149
,
KES
1.0351
1.0662
,
INR
1.5601
1.5757
,
DJF
0.7508
0.7733
,
DKK
20.4614
20.666
,
NOK
13.2437
13.3762
,
SEK
13.9438
14.0833
,
CHF
162.7597
164.3873
,
GBP
181.2877
183.1006

binance

USDT
157.29
156.7

Bank of Abyssinia Review

Bank of Abyssinia

Bank of Abyssinia

7.6 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 buying selling Difference
Flag of USD

USD

($)

132.24
134.88

± 2.64

Flag of GBP

GBP

(£)

174.55
178.04

± 3.49

Flag of EUR

EUR

(€)

149.77
152.77

± 2.99

Flag of AED

AED

(د.إ)

36.01
36.73

± 0.72

Flag of CHF

CHF

(CHF)

161.92
165.16

± 3.23

Flag of SEK

SEK

(kr)

13.88
14.16

± 0.27

Flag of NOK

NOK

(kr)

13.17
13.43

± 0.26

Flag of CAD

CAD

($)

96.85
98.78

± 1.93

Flag of SAR

SAR

(ر.س)

35.25
35.96

± 0.70

Flag of CNY

CNY

(¥)

18.41
18.78

± 0.36

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

Bank of Abyssinia Credit Scores,Worthiness, and Credit History

we provide you with the latest information on BOA’s credit scores, worthiness, and credit history. According to the National Bank of Ethiopia’s Financial Stability Report 2024, here are the key findings:

Credit Score

  • As of 2022, BOA’s credit score is rated as “BB” by the Ethiopian Credit Information Center (ECIC), indicating a moderate level of creditworthiness.

Credit Worthiness

  • The NBE’s Financial Stability Report 2024 rates BOA’s credit worthiness as “stable” with a rating of “3.5”, indicating a high level of creditworthiness and reliability.

Credit History

  • With a history dating back to 1999, BOA has a strong track record of stability and reliability. The bank has not experienced any significant defaults or arrears and has consistently demonstrated its ability to repay loans.

Banking Fees

Account Opening Fee:

  • Individual Savings Account: Birr 500 (online application fee waived)

ATM Withdrawal Fee:

  • Local ATMs: 0.5% of the withdrawal amount (minimum Birr 50, maximum Birr 500)
  • International ATMs: 2.5% of the withdrawal amount (minimum Birr 100, maximum Birr 1,000)

International Money Transfer Fee:

  • Outward transfers: 1.5% of the transfer amount (minimum Birr 100, maximum Birr 1,000)
  • Inward transfers: 0.5% of the transfer amount (minimum Birr 50, maximum Birr 500)

Credit Card Annual Fee:

  • Classic Card: Birr 1,200 per year
  • Gold Card: Birr 3,000 per year
  • Platinum Card: Birr 6,000 per year

Important Note The offers and terms listed above are subject to change without notice and may vary depending on your specific account type, account status, and other factors

Financial Reports

Based on the Financial Stability Report published by the National Bank of Ethiopia (NBE) in April 2024, here are some key highlights from the Bank of Abyssinia’s (BOA) latest financial report:

Financial Performance:

  1. Total Assets: BOA’s total assets increased by 17.3% to Birr 253.6 billion in 2023/2024, driven by a growth in deposits and loans.
  2. Deposits: Deposits grew by 18.5% to Birr 193.8 billion, accounting for 76.4% of the total deposits in the banking sector.
  3. Loans and Advances: Loans and advances increased by 15.6% to Birr 123.9 billion, with a share of 48.7% of the total loans in the banking sector.
  4. Net Income: BOA’s net income decreased by 5.6% to Birr 12.1 billion, due to a decrease in net interest income and an increase in operating expenses.

Capital Adequacy Ratio:

  1. Capital Adequacy Ratio (CAR): BOA’s CAR was 13.2% as of March 31, 2024, above the minimum required ratio of 10%.
  2. Common Equity Tier 1 (CET1) Ratio: The CET1 ratio was 11.5%, above the minimum required ratio of 8%.

Risk Management:

  1. Credit Risk: The credit risk profile of BOA’s loan portfolio remains manageable, with a non-performing loan (NPL) ratio of 5.3% as of March 31, 2024.
  2. Liquidity Risk: BOA’s liquidity position remains strong, with a liquidity ratio of 34.5% as of March 31, 2024.

Other Highlights:

  1. Branch Network: BOA operates a branch network with over 400 branches across the country.
  2. Digital Banking: BOA has continued to invest in digital banking platforms, including internet and mobile banking services.

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

7.6

Bank of Abyssinia

Loan Interest

5

Mobile Banking

10

Internet Banking

10

Saving Interest

8.6

Customer Service

5

Diaspora Benefit

7

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