Bunna Bank Review

Bunna Bank Exchange Rate

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

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).

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.

Buna Bank

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

Exchange Rate

The exchange rate for Bunna Bank and other banks can be found here.