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

abay

USD
132.9817
135.6413
,
GBP
180.9215
184.54
,
EUR
154.2986
157.3846
,
AED
36.2052
36.9293
,
ZAR
7.4811
7.6308
,
SAR
35.4561
36.1652
,
JPY
0.9125
0.9308
,
CHF
164.8669
168.1643
,
AUD
86.345
88.0719
,
CNY
18.5371
18.9079

zemen

CAD
99.0408
101.0216
,
EUR
155.998
159.118
,
GBP
173.9501
177.4291
,
SEK
14.0584
14.3396
,
USD
134.4019
137.0899

buna

USD
134.1009
136.7829
,
EUR
154.9901
158.0899
,
GBP
178.2021
181.7661
,
AED
36.192
36.9158
,
SAR
35.7075
36.4217
,
CAD
94.006
95.8861
,
AUD
64.239
65.5238
,
JPY
0.94
0.9588

nib

USD
133.7081
136.3822
,
GBP
184.2764
187.962
,
EUR
158.0028
161.1629
,
CHF
169.6587
173.0519
,
CAD
98.3147
100.281
,
AED
36.401
37.129
,
SAR
35.6498
36.3628

berhan

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
133.1112
135.7734
,
EUR
150.8905
153.9083
,
GBP
175.6636
179.1769

ahadu

USD
133.6323
136.3049
,
GBP
180.1432
183.7461
,
EUR
154.5012
157.5912
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
134.17
136.8534
,
EUR
157.3696
160.517
,
GBP
184.1205
187.8029
,
SAR
35.7729
36.4884
,
CHF
167.9855
171.3452
,
AED
36.5307
37.2613
,
KWD
0
0

dashen

USD
134.3246
137.0111
,
EUR
155.8165
158.9329
,
GBP
181.3382
184.965
,
CAD
87.848
89.6049
,
AED
33.0957
33.7576
,
SAR
32.4031
33.0512
,
CNY
16.8383
17.1751

oromia

USD
134.3633
137.0506
,
GBP
177.0371
180.5778
,
EUR
148.8611
151.8383
,
CHF
169.3299
172.7165
,
SAR
35.8263
36.5429
,
AED
36.5774
37.3089

lion

USD
134.0414
136.7222
,
GBP
180.27
183.8754
,
EUR
154.9538
158.0529

developmentbank

USD
132.3534
135.0005
,
GBP
181.3903
185.0181
,
EUR
155.8064
158.9226
,
CHF
166.9864
170.3261
,
SEK
13.913
14.1913
,
NOK
13.1139
13.3762
,
DKK
20.8812
21.2988
,
DJF
0.7413
0.7561
,
JPY
0.9195
0.9379
,
CAD
96.9906
98.9304
,
SAR
35.2914
35.9972
,
AED
36.0312
36.7518
,
INR
1.5443
1.5752
,
KES
1.0224
1.0429
,
AUD
86.9165
88.6548
,
SDR
172.5888
176.0406
,
ZAR
7.4931
7.6429
,
CNY
18.464
18.8332
,
KWD
433.5765
442.248

coop

USD
133.7406
136.4154
,
GBP
176.331
179.8576
,
EUR
151.4649
154.4942
,
AED
34.994
35.6938
,
SAR
34.2674
34.9528

gadaa

USD
134.1095
136.7917
,
GBP
165.8019
169.1179
,
EUR
152.1936
155.2375
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1301
134.7727
,
EUR
148.063
151.0242
,
GBP
173.3231
176.7895
,
SAR
35.8505
36.5675
,
AED
36.6058
37.3379

amhara

USD
134.6599
137.3531
,
GBP
184.8746
188.5721
,
EUR
157.7541
160.9092
,
CAD
98.6086
100.5808
,
AED
36.6691
37.4025
,
SAR
35.9055
36.6236

tsehay

USD
132.8509
135.5079
,
GBP
169.2591
172.6443
,
EUR
148.836
151.8127
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
134.2875
136.9732
,
EUR
158.2847
161.4503
,
GBP
183.3293
186.9959
,
AED
36.5567
37.2879
,
CHF
169.2344
172.6191
,
SEK
14.0637
14.345
,
NOK
13.3285
13.5951
,
DKK
21.2131
21.6374
,
DJF
0.7521
0.7671
,
INR
1.5726
1.6041
,
JPY
0.9333
0.952
,
CAD
98.8062
100.7823
,
SAR
35.8062
36.5223
,
ZAR
7.6611
7.8144
,
CNY
18.7476
19.1226
,
KWD
439.9526
448.7517
,
KES
1.0374
1.0581

siinqee

USD
134.08
136.7616
,
EUR
157.015
160.1553
,
GBP
181.7173
185.3516
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
133.2001
135.8641
,
GBP
175.1027
178.6048
,
EUR
156.2897
159.4155
,
AED
36.2617
36.9869
,
CAD
97.6111
99.5633
,
CNH
18.5821
18.9537
,
CHF
148.0209
150.9813

gohbetoch

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
0.9361
0.9454
,
KWD
442.2143
446.6364
,
CNY
18.8636
19.0522
,
ZAR
7.5564
7.632
,
XDR
185.8444
187.7029
,
EUR
158.4622
160.0469
,
AED
36.835
37.2033
,
SAR
36.0709
36.4316
,
AUD
88.4104
89.2945
,
CAD
99.0464
100.0369
,
USD
135.2875
135.4483
,
KES
1.0447
1.076
,
INR
1.5817
1.5976
,
DJF
0.7577
0.7804
,
DKK
21.2392
21.4516
,
NOK
13.4303
13.5646
,
SEK
14.2729
14.4157
,
CHF
169.3846
171.0785
,
GBP
185.6821
187.5389

binance

USDT
160.6
160.21

Bank of Abyssinia Review

Bank of Abyssinia

Bank of Abyssinia

7.7 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.

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

7.7

Bank of Abyssinia

Loan Interest

5.8

Mobile Banking

10

Internet Banking

10

Saving Interest

8.6

Customer Service

5

Diaspora Benefit

7

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