cbe

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
EUR
54.6946
55.7885
,
CHF
48.9505
49.9295
,
SEK
4.9615
5.0607
,
NOK
5.1022
5.2042
,
DKK
6.653
6.7861
,
DJF
0.2611
0.2663
,
JPY
0.3734
0.3809
,
CAD
34.4833
35.173
,
SAR
11.3381
11.5649
,
AED
11.577
11.8085
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
31.8962
32.5341
,
ZAR
,
CNY
6.6588
6.792
,
KWD
148.6758
151.6493

awash

USD
46.9925
47.9324
,
EUR
54.6946
55.7885
,
GBP
64.8309
66.1275
,
CAD
38.1031
38.8652
,
AED
12.7923
13.0481

abyssinia

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
EUR
54.6183
55.7107
,
AED
11.5609
11.7921
,
NOK
5.0939
5.1958
,
SAR
11.3233
11.5498
,
SEK
4.9351
5.0338
,
CAD
34.4242
35.1127

abay

zemen

buna

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
CHF
48.9505
49.9295
,
SEK
4.9615
5.0607
,
NOK
5.1022
5.2042
,
DKK
6.653
6.7861
,
JPY
0.3734
0.3809
,
CAD
34.4833
35.173
,
SAR
11.3381
11.5649
,
AED
11.577
11.8085
,
EUR
54.6946
55.7885
,
CNY
6.6588
6.792
,
AUD
31.8962
32.5341
,
KWD
148.6758
151.6493

nib

GBP
61.9135
63.1518
,
EUR
54.6946
55.7885
,
CHF
48.9505
49.9295
,
CAD
34.4833
35.173
,
SEK
4.9615
5.0607
,
AED
11.577
11.808511
,
SAR
54.6946
11.5649
,
ZAR
3.1884
3.2522
,
JPY
0.3734
0.3809
,
KES
0.4204
0.4289
,
DJF
0.2611
0.2663
,
INR
0.6235
0.636
,
CNY
6.653
6.7861
,
DKK
6.653
6.7861
,
NOK
5.1022
5.2042
,
AUD
31.8962
32.5341
,
USD
46.9925
46.8444

berhan

USD
42.6401
43.4929
,
EUR
52.0678
53.1092
,
GBP
57.7916
58.9474

wegagen

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
EURO
54.6946
55.7885
,
CAD
34.4833
35.173
,
AUD
31.8962
32.5341
,
CHF
47.7307
48.6853
,
SEK
4.7984
4.8944
,
NOK
4.9038
5.0019
,
DKK
6.5387
6.6695
,
DJF
0.2575
0.2626
,
INR
0.6216
0.634
,
KSH
0.419
0.4274
,
JPY
0.3768
0.3843
,
SAR
11.1765
11.4
,
AED
11.4098
11.638
,
ZAR
3.0903
3.1521
,
CNY
6.5005
6.6305
,
KWD
146.5054
149.4355

dgb

USD
46.9925
47.9324
,
GBP
64.8309
66.1275
,
EUR
54.6946
55.7885
,
CHF
51.2571
52.2822
,
CAD
38.1031
38.8652
,
AUD
35.2444
35.9493
,
SEK
5.4823
5.5919
,
NOK
5.6378
5.7506
,
DKK
7.3514
7.4984
,
DJF
0.2611
0.2663
,
INR
0.6276
0.6402
,
KSH
0.4232
0.4317
,
JPY
0.4126
0.4209
,
SAR
12.5283
12.7789
,
AED
12.7923
13.0481
,
ZAR
3.2093
3.2735
,
CNY
7.3578
7.505
,
KWD
155.6815
158.7951

enat

USD
46.9925
47.9324
,
EUR
54.6964
55.7885
,
GBP
64.8309
66.1275
,
CHF
51.2571
52.2822
,
SEK
5.4823
5.5919
,
NOK
5.6378
5.7506
,
DKK
7.3514
7.4984
,
KES
0.4232
0.4317
,
JPY
0.4126
0.4209
,
DJF
0.2611
0.2663
,
CAD
38.1031
38.8652
,
AUD
35.2444
35.9493
,
SAR
12.5283
12.7789
,
AED
12.7923
13.0481
,
ZAR
3.2093
3.2735
,
CNY
7.3578
7.505

addis

EUR
54.6946
55.7885
,
GBP
61.9135
63.1518
,
USD
46.9925
47.9324

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
46.9925
47.9324
,
GBP
61.9135
63.1518
,
CHF
48.9505
49.9295
,
SEK
4.9615
5.0607
,
NOK
5.1022
5.2042
,
DKK
6.653
6.7861
,
JPY
0.3734
0.3809
,
CAD
34.4833
35.173
,
SAR
11.3381
11.5649
,
AED
11.577
11.8085
,
EUR
54.6946
55.7885
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
46.9925
47.9324
,
EUR
54.6946
55.7885
,
GBP
64.8309
66.1275
,
SAR
12.5283
12.7789
,
CHF
51.2571
52.2822
,
AED
12.7923
13.0481

lion

coop

Berhan Bank Review

Berhan Bank

8.9

Berhan Bank

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Pros and Cons

Has attractive durable and non-durable loans
Detailed Diaspora accounts’ information
Has special accounts for Interdicted people
  • Less customized personal loan

    Berhan Bank Information

    Contact Information

    Diaspora Benefits

    • Investment Loan
    • Automobile Loan
    • Mortgage Loan
    • Consumer Loan
    • Optional Diaspora Accounts

    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 Automobile Loan 14.5
    • Diaspora Mortgage Loan 8.5
    • Corporate Loan 14.5
    • Investment Loan 14.5
    • Working Capital Loan 14.5

    Saving Interest

    • Personal Saving 7%
    • Women Saving 8%
    • Youth Saving 8%
    • Education Saving 8%

    Berhan Bank Exchange Rate

    code name buying buyingTrend selling sellingTrend
    USD United States Dollar 42.6401 43.4929
    EUR Euro 52.0678 53.1092
    GBP British Pound Sterling 57.7916 58.9474

    About Berhan Bank

    In June 2009, Berhan Bank was established with a vision to be trustworthy and excellent banking services for the Ethiopian people. With an authorized  300 Million Birr and subscribed capital of more than 154 Million Birr. Berhan Bank started its operations on the 3rd of October 2009.

    Services provided by Berhan Bank

    Personal Banking

    Current Deposit Account

    Berhan Bank offers Current/Demand deposit accounts for its customers, which is to be operated using cheques. The Bank manages the obligation of paying all checks drawn against it by the customer till it has adequate funds in his/her account.

    Such an account is targeted to either Individuals or Institutions who do mass transactions to meet their day-to-day business as well as any operational requirements.

    Current Deposit Account can be opened by Governments, Associations, Companies, Trusts, Partnership Firms, Clubs, Cooperative Societies Sole proprietary concerns, Individuals, etc

    Special featuress

    • There is 0 interest in the balances
    • For individuals, the facility of withdrawal from ATM and Mobile banking facilities is to be issued for convenience.
    • A minimum of 50 Birr is a must for both individuals and individuals traders, while for Corporate Bodies, it is 1,000 Birr
    • A legal agent on behalf of the principal is able to either open or operate an account via an attorney, which Berhan Bank needs to confirm.
    • It can be opened or operated only by customers who are literate
    Special Deposit Account

    Underaged (under 18) are the ones allowed to have a special deposit account opened, since it is an interest-bearing account and it is earned on a daily basis but compounded monthly.

    Special futures

    It has a better and higher interest for its account holders.

    The requirements to open the account

    • A minimum of 50 as a deposit
    • Letter of application
    • Address of the parent/ guardian
    • Birth certificate of the minor
    Saving Account

    Berhan Bank offers a savings account for individuals, organizations, and associations. Customers are able to have the following accounts

    Ordinary Saving Account

    Either single individuals or jointly, interest is calculated at the end of every month and then credited into customers’ accounts. An initial deposit of 50 Birr is enough to open an account, with considerations in exceptional cases to opening accounts with 0 balance.

    Special Features

    • ATM Card service on any ATM located everywhere
    • Mobile Banking
    • Opened and/or operated by a legal agent
    Premium Saving Account

    This is a premium interest-bearing account, where Berhan Bank values its customers’ contribution, that’s why it has segmentation for interest rate based on the contribution, with the following categories

    • Premium level – 3 | 100,000Birr – 1,000,000 Birr
    • Premium level – 2 | 1,000,001 – 2,000,000 Birr
    • Premium level – 1 | Above 2,000,000 Birr

    1,000 Birr is the minimum needed deposit to open such an account

    Special Features

    With the minimum saving interest rate, Berhan Bank is to pay its customers on the following basis:

    • Premium level – 3 |  5%
    • Premium level – 2 |  1%
    • Premium level – 1 |  2%

    Special Deposit Account

    This is a non-interest bearing account, and Berhan Bank opens the account on the customer’s request, which has the following features

    • Has 0% interest
    • Has Mobile Banking Services
    • Operated with/without passbook/ATM Card.
    Term Deposit

    Known as Certificate of Deposit, customers deposit their money for a specific timeframe and receive interest on a pre-agreed upon period. The term deposit can be for months or years, based on the customer’s preference.

    Distinguishing Features

    Berhan Bank only accepts a fixed-time deposit of three months. An initial deposit is 500 Birr and once the time has expired, the customer receives both the deposit + interest. The longer the deposit remains in Berhan Bank, the higher the rate of interest is.

    Account for Interdicted person

    Being legally incapable of discharging legal rights/interdiction, this account is opened for such people.

    Requirements to open the interdicted account

    • The court usually assigns a nominated guardian for the incapable or interdicted person, and this comes after ruling out the verdict.
    • The account is opened and operated by the guardian appointed by the court on behalf of the interdicted/incapable person.

    Personal Loans

    You can use the loans offered by Berhan Bank for:

    • Financing urgent financial requirements
    • Purchasing home equipment, furniture, car, etc

    Durable Consumer Loans

    Berhan Bank’s Durable consumer loans ease the purchase of household equipment and furniture that have lifetime use of more than one year against mortgage or pledge of a building or vehicle.

    Documentation Requirements

    Berhan Bank demands a letter from the employer which confirms the employment status, duration of work, monthly salary, as well as deductions of the applicant’s spouse

    Identity and residence proofs

    • Identity Card (either residential or employment)
    • Driving license, or
    • Passport
    • All of the mentioned above must be renowned.
    • Marital status document proof.
    • Financial documents needed are:
    • Salaried individuals: latest salary slip showing
    • A documented or alike declaration from employer stating all the details of income & deductions, or
    • All deductions of the account holder, or
    • Latest proved income tax return, or
    • Statutory
    • An authorized Signatory of the company that is signed dully.
    • Self-employed individuals:
      • Financial Statements and/or Commercial Credit Reports and copies of Income Tax Returns of the last two years.
      • in the name of the guarantor, tax clearance must be presented if he/ she is licensed and/or engaged in some type of business activity.
      • Tax Identification Certificate in the names of
      • the borrower, the spouse, and the guarantors, if any.

    Non-Durable Consumer Loans

    Berhan Bank has collateral-based credits that are given to the customer for covering urgent expenses like medical treatment, domestic/foreign travel, and alike.

    The income and the capacity of repayment of the customer decide the amount of loan, as 20 Birr is the minimum and 100,000 Birr is the maximum allowed for noon durable consumer loans.

    Berhan Bank allows a maximum of one year for the customer to repay the loan plus interest in regular installments.It, the loan, must be covered by building mortgage in major towns with a minimum collateral coverage of 150%

    To qualify for a consumer loan, the following criteria shall apply

    Either a national Ethiopian resident or an Ethiopian by origin who is able to pay the loan.

    The Applicant could be

    • Salaried/business person(s)
    • Professional, or
    • Self-employed individuals

    Documents Required

    Berhan Bank demands a letter from the employer which confirms the employment status, duration of work, monthly salary, as well as deductions of the applicant’s spouse. The Bank also requires Tax identification number and a copy of income tax return for the last two years, and that is if he/she is a business person(s) and/or professionally self-employed. It is broken down into:

    • A Loan application letter [must]
    • Valid identification card, residential[must]
    • marital status Proof[must]
    • Financial statement/proof of income [must]
    • Collateral ownership document[must]
    • Identity/residence/age [must]
    • Driving license (optional)
    • Passport (optional)
    • Birth certificate (optional)

    Motor Vehicle Loans

    This is a term loan given for the purchase of cars by Berhan Bank which offers a credit facility. However, Berhan Bank does not include the cost of extra spare parts, or luxury items; except factory loaded ones.

    The vehicle is to be held as collateral and also registered at the legally empowered registering organ. Berhan Bank might need additional collateral if that risk is possibly threatening its interest.

    The motor vehicles to be financed must fulfill the minimum national requirement of the Country and must be brand new

    Diaspora Banking

    They are deposits that are to be made either in US Dollar, Pound Sterling, and Euro, and below are the types of Diaspora Deposit Accounts by Berhan Bank:

    Diaspora Saving Accounts

    It is a saving account that stores the money in Birr with a local interest rate that is double the normal rate.

    Diaspora Fixed Time Accounts

    It is a fixed time account and deposited with Foreign currency.

    Diaspora Current Accounts

    This is a deposit account in foreign currency.To open an Account, the following choices are available.In being present all the necessary documents to Berhan Bank branches. If a customer is interested in opening a Diaspora current account, he/she can either

    • Open the account in person
    • Communicate with one of Berhan Bank’s agents
    • Filling the request form on Berhan Bank’s Website

    Afterward, he/she is required to fill out the required information to present the documents to the Ethiopian Embassy in his/her area, who will send the documents back to Berhan Bank for authentication via a carrier.

    Documents required

    A filled out application form, signed by the applicant him/herself, and 2 photographs of the applicant

    Non-resident Ethiopians must have a resident permit/certification to confirm the Ethiopian National living and working abroad for at least more than 1 year that is subjected to renewal on giving out valid documents annually.

    Non-resident Ethiopians who are living & working in neighboring and Middle East countries, they must present valid resident permit and/or valid work permit, which is issued by Ethiopian Embassies. It must be subjected to renewal on giving out valid documents annually.

    Individuals must present a Copy of Resident ID and valid Passport (this is for diaspora Ethiopians living abroad)

    For Businesses, they must have a Certificate of ownership that has the title of the organization and /or article and memorandum of the association.

    Loan

    Diaspora Consumer Loan

    This is a phase by phase advance settlement for the covering Diaspora Ethiopian’s urgent needs, that the maximum tenure is 5 years with a maximum of 2,000,000 Birr. The interest rate is between 9 and 12 percent with collateral of

    • Vehicle/machine
    • Building, and
    • Shares certificate of financial institutions
    Diaspora Automobile Loan

    It is a loan for the purchase brand new, second hand or used automobile for the non-commercial purpose to be purchased in the name of the Diaspora or his/her spouse. Conditions applicable are :

    This is for Diaspora Ethiopians who are interested in purchasing new or second-hand automobiles for the use of non-commercial purposes, which can be purchased in the name of the Diaspora’s spouse. The maximum tenure is 10 Years, while the car is to be new, with a minimum equity contribution of 20%. The maximum amount to be loaned is 4,000,000 Birr with an interest rate of between 9 and 12 percent. The collateral is to be, preferably a building or vehicle.

    Diaspora Housing/ Mortgage Loan

    To renovate/purchase/construct/expand residential buildings/apartments, Berhan Bank avails its housing mortgage loan for Diaspora. The collateral of this loan is to be a building, with an interest rate between 8.25 and 11 percent, and the minimum equity contribution is 20%. The maximum amount allowed for the loan is 20,000,00 Birr with a maximum tenure of 15 to 20 years.

    Diaspora Business Loan

    This is loaned to customers as a term loan that is to be repaid in an exact period of time + interest for working capital and project financing. The collateral and maximum amount are to be determined depending on the type of the business or project, however, the interest rate is set to between 10.5 and 14 percent with a minimum equity contribution of 30% and maximum tenure of 1 to 15 years.

    Corporate banking

    Business Account

    This account combines the features of both the savings and checking accounts, which customers can now rely on to save their money and get better interest rates, while at the same time, make sure payments on cheques are presented against this special account. It requires an average daily balance of 100,000 Birr, and it has an interest rate of 5.6 percent. There is a grace period of ten days to build up the balance to the required amount.

    This account is a non-interest bearing type, which requires an initial deposit of 5,000 Birr. If a customer exceeds the allowed number of checks, which is 50 free checks privileges, he/she will be charged 10 Birr per check. An average daily balance of 100,000 Birr; otherwise, a 250 Birr fee is to be charged

    OVERDRAFT PROTECTION

    If a customer of Berhan Bank has both savings and checking accounts, he/she is eligible to use the savings account as overdraft protection towards the checking account. If, for example, a customer writes a check-off of one’s account, and there to be an indication of insufficient funds, the money can automatically transfer from the savings account to cover. There is a 20 Birr charge for each transaction made. This feature has to be disclosed at the time of account opening, so make sure to do that.

    • Corporate Loans
    • Provident Fund Management
      • Berhan bank is to maintain and manage provident fund accounts of the employees, with a better interest rate by having an agreement with the employer’s organization.
    Letter of Credit (L/C)

    Those who import several and various materials or who are involved in the import business and pay some percentage of the document value are eligible to have a letter of credit product extension. The letter of credit could be either a revolving facility or a one-time transaction.

    When it is a revolving facility, it is a renewable facility that customers use regularly until it expires as long as the account shows the required performance. When it is a one-time transaction, it is to be a non-renewable type where any eligible applicant could open.

    A customer has the availability of the letter credit facility at a minimally 20 percent margin of the original value of the document, but depending on the performance of the account, the type of the customer, and the saleability of the material that is to be imported, Berhan Bank might think of an offer below the minimum on exceptional cases.

    Annually, the import letter of credit must be renewed. Failed not to, the account is to be labeled poor and might not get the chance to have better features

    Import of Goods/Services
    • Cash Against Document (CAD)
    • Advance Payment (TT)
    • Letters of Credit (LC), or
    • Import Bills Collection (IBC)
    Export of Goods/Services
    • Cash Against Document (CAD)
    • Advance Payment (TT)
    • Letters of Credit (LC)
    • Consignment

    Salary Fund Management

    Salary Fund Management (payroll Account)

    Employees of an organization can get their salary payments via Berhan Bank’s Salary Fund Management, with an attractive interest rate and better accessibility of their account via free ATM Card and mobile banking services.

    Special features

    • Has an interest rate
    • Has mobile banking service facilities
    • Has similar features to a savings account
    • Can be opened with zero balance
    • ATM cards are issued for free
    • Berhan Bank provides the payroll to customers free of charge.

    International Banking

    Letter of Guarantee

    This is when the customer fails to pay payable money to either local or foreign beneficiary, in which Berhan Bank will issue a written document that it will be paying instead in alignment to an agreement/contract.

    A letter of guarantee might be either of a one time or renewable occasionally

    • For renewable letters, the limit is to be renewed regularly if and only if Berhan bank’s customers satisfy the requirements and conditions
    • For one-time letters, it is a non-renewable letter where customers are given the extension of the guarantee for one-time transactions.

    Full collateral coverage is required for the letter of guarantee to be extended. Berhan Bank’s attorney must go over the conditions and terms in the document signed between both the beneficiary and the obligor. Unless Berhan Bank has enough motives not to renew the letter, it should be renewed annually as its availability is for one year only. Both local and foreign customers can get the advantage of using letters of guarantee

    For foreign recipients, the customer must have a foreign currency permit from the National Bank of Ethiopia, so Berhan Bank can process the guarantee. Depending on the duration set by the agreement and signed by the concerned parties; however, Berhan bank doesn’t back guarantees for more than 2 years.

    Issuance of Letter of Guarantee

    Berhan Bank may issue a letter of guarantee based on:

    • Upon the request of the local customer for a local beneficiary and in local currency
    • Upon the request of the local customer for a foreign beneficiary and in foreign currency
    • When a correspondent bank asks Berhan Bank to issue a guarantee for a local beneficiary, the international banking body must process, in the sense that Berhan Bank is secured against any possible danger.

    Digital Banking

    E-Banking
    Debit Card

    Everyday convenience

    • Send money
    • Withdraw cash
    • Check your balance
    • Access your account at any time and everywhere
    • Transfer funds between your own accounts

    Berhan Card gives a customer access to:

    • Withdraw cash
    • Mini-statement of your account
    • Change your Personal Identification Number (PIN)
    • Check your account balance
    • Transfer funds between your own accounts
    • Send money
    • Control:You have control to view recent transactions, balances, and monthly statements at any time
    • Establish Online Banking alerts to keep track of debit spending
    • You can set up recurring payments so you may not be late in paying fees
    • Do purchases from anywhere in the world and bank by phone, online, or at one of over 3,100+ ATM locations
    Internet Banking

    Berhan Bank has availed its own online platform, check it out:https://berhanonline.et/ Additionally, Colleges/Universities, training firms, or schools are able to track the payment status of their trainees or students through School Pay Berhan Online platform: https://schoolpay.berhanonline.et/

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