Bunna Bank Review

Item: Bunna Bank
Rating: 7.2
Author: abenezer

Bunna Bank

7.2 Rating

14.5% Loan Interest

Bunna Minor's Trust Account

Bunna Student Fund Transfer Account

Bunna Salary Drawing Account

Bunna Gold Checking Account

Multi Service Interest Bearing Account

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Written by: abenezer Proof Read by: abenezer

Pros and Cons

Prize linked saving for those with foreign currency

Tight loan policy

Slow customer service

Bunna Bank Information

Contact Information

swift BUNAETAA
+251-111580861
+251-111580862
[email protected]
1743/1110

Diaspora Benefits

Investment Loan
Automobile Loan
Mortgage Loan
Consumer Loan
Optional Diaspora Saving 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 17
Diaspora Mortgage Loan 8
Corporate Loan 17
Investment Loan 17
Working Capital Loan 17

Saving Interest

Personal Saving 7%
Women Saving 9%
Youth Saving 8%
Teen Saving 8%
Education Saving 8%
Diaspora Fixed Time 11%

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.

Bunna Bank Exchange Rate

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

code	buying	selling	Difference
USD ($)	131.80	134.43	± 2.63
EUR (€)	146.99	149.93	± 2.93
GBP (£)	164.10	167.38	± 3.28
AED (د.إ)	35.70	36.42	± 0.71
SAR (ر.س)	34.10	34.78	± 0.68
CAD ($)	89.10	90.88	± 1.78
AUD ($)	64.23	65.52	± 1.28
JPY (¥)	0.86	0.87	± 0.01

About Buna Bank

Buna Bank S.C. is among the private banks in Ethiopia which has recently has joined the Banking business of Ethiopia following the ideal monetary improvements saw in the nation.

The Bank has obtained its license from the National Bank of Ethiopia (NBE) on June 25, 2009, in accordance with Licensing & Supervision of Banking Business Proclamation No. 592/2008 and the 1960’s Commercial Code of Ethiopia with more than 451 Bunna Bank Brunches.

The Bank officially commenced its operation on October 10, 2009 with subscribed & paid-up capital of Birr 308 million and Birr 156 million, respectively. However, the paid-up capital has increased to over Birr 2.1 Billion, and the number of shareholders has increased to over 13,024, which makes it one of the strongest and public based private Banks in Ethiopia.

Services at Bunna Bank

Accounts

There are many types of saving accounts at this Bank, here are the most common account types

Saving Account
Current Account
Fixed time Account

International Banking

Bunna Bank has the following lists of international banking services.

Export Transaction
Import Transaction
Foreign Banking Guarantee
Foreign Exchange Service
Foreign Currency Account
Correspondent Banking Network

Forex Services

It has joined the international business connectivity using SWIFT, Western Union, MoneyGram, Xpress Money, Flocash, Juba, Dahabshiil, Trans-Fast, Kaah, Exchange4free, Remitix, Ria, Al Ansari, and other fund transfer technology networks.

Unique Services

These services enable customers to overtime meet future plans and for contingency. This account is designed for the business community, salaried individuals, NGOs and etc

1. Bunna Gold Checking Account

It is a multi-service interest-bearing current account package

2. Bunna Star

3. Bunna Investment

It is recurring deposits account with a cumulative term deposit feature.

4. Bunna Negotiable Order of Withdrawals

5. Bunna Money Market

An interest-bearing current account that facilitates the fund transfer process from current account to this special interest-bearing account

6. Bunna Salary Drawing Account

7. Bunna Special Purpose Account

Loans

Bunna offers different types of loans for legitimate commercial and personal activities. The following loan services Advances, Regular overdraft facility, temporary overdraft facility, Overdrawls On, Regular O/D, Advance on import bills, Merchandise loan, Term loan, Guarantees, and letter of credit facilities.

Acceptable Collaterals include

Buildings
Motor Viechles
Machinery and equipment
Trade receivable
Share Certificates

Other Services

Buna International Bank Share Company (BIB) runs its operations with modern information technologies for its value-adding customer services. Furthermore, BIB is running different ICT projects to create more convenience for the customers to reach them anytime, anywhere, any device. BIB is also working to enhance the infrastructure for organizational, national, and international business connectivity.

BIB’s Core Banking Services, Customer Relationship Management, and straight-through-processing capabilities are powered by Infosys Finacle. BIB has integrated its services with the Ethiopian Automated Transfer System (EATS), National Switch (EthSwitch), Ethiopian Commodity Exchange (ECX), and the Ethiopian Credit Reference Bureau (ECRB).

Bunna Bank has been expanding its branch network and increasing its digital banking services. The bank has also been focusing on increasing its loan disbursements to small and medium-sized enterprises (SMEs) and agricultural sectors

Electronic Banking

Internet Banking

Bunna Bank has a fast internet banking system called Bunna Net. With Bunna Net, a customer can access the following services: View, download, or print account statements, Start, stop, or amend standing orders in real-time, Transfer cash to another Bunna account in real-time, Pay utility bills, Make bulk payments, for example, salaries, dividends, loan disbursements, bonuses and supplier payments, Order cheque books and stop cheques.

Mobile Banking

Bunna Bank has a friendly mobile banking service called MBunna Cash. To get the services simply register at any of this Bank’s branch and after registering simply dial on Bunna Bank mobile banking code/number at *820# to get the service.

ATM Banking

At Bunna Bank ATM machines which are located in multiple places a customer can get these services, Cash Withdrawals, Account Balance Enquiries, Mini-Statements, Card PIN Change

Bunna Bank Financial Performance & Credit Risk

Financial Performance:

Total Assets: ETB 144.4 billion (approximately USD 3.5 billion)
Total Deposits: ETB 113.1 billion (approximately USD 2.8 billion)
Total Loans: ETB 74.6 billion (approximately USD 1.8 billion)
Net Income: ETB 5.5 billion (approximately USD 136 million)
Return on Equity (ROE): 18.3%
Return on Assets (ROA): 3.8%

Credit Risk Indicators:

Non-Performing Loans (NPLs): ETB 1.7 billion (approximately USD 42 million), representing 2.3% of total loans
Provision Coverage Ratio: 83.1%, indicating that the bank has sufficient provisions to cover potential losses from NPLs
Loan Loss Reserve: ETB 1.4 billion (approximately USD 35 million)