cbe

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
SEK
4.8235
4.92
,
NOK
4.8161
4.9124
,
DKK
7.511
7.6612
,
DJF
,
JPY
0.333
0.3397
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.3952
35.0831
,
SDR
,
ZAR
,
CNY
7.1453
7.2882
,
KWD
177.2055
180.7496

awash

USD
56.9888
58.1286
,
EUR
61.9126
63.1509
,
GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
CAD
37.8309
38.5875

abyssinia

GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
EUR
61.9126
63.1509
,
USD
56.9888
58.1286
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265
,
NOK
4.8161
4.9124
,
SEK
5.3298
5.4364

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.8021
42.6381
,
EUR
61.9126
63.1509
,
GBP
72.1136
73.5559
,
SEK
5.3298
5.4364
,
USD
56.9888
58.1286

buna

nib

GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
USD
56.9888
58.1286
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265

berhan

wegagen

USD
56.704
57.8381
,
GBP
68.416
69.7843
,
EURO
61.4501
62.6791
,
CAD
37.8361
38.5928
,
AUD
33.7923
34.4681
,
CHF
59.9428
61.1417
,
SEK
4.8272
4.9237
,
NOK
4.7926
4.8885
,
DKK
7.4566
7.6057
,
DJF
0.2862
0.324
,
INR
0.6803
0.6939
,
KSH
0.4345
0.4432
,
JPY
0.3389
0.3457
,
SAR
13.6809
13.9545
,
AED
13.9722
14.2516
,
ZAR
3.1723
3.2357
,
CNY
7.0934
7.2353
,
KWD
176.0871
179.6088

dgb

USD
56.9757
58.1152
,
GBP
71.5102
72.9404
,
EUR
61.511
62.7412
,
CHF
62.7831
64.0388
,
CAD
41.6855
42.5192

enat

USD
56.8022
57.9382
,
GBP
70.7585
72.1737
,
CHF
62.3446
63.5915
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.4648
15.7741
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

dashen

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
CHF
60.2506
61.4556
,
SEK
4.8235
4.92
,
NOK
4.8161
4.91242
,
DKK
7.511
7.6612
,
JPY
0.333
0.3397
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221
,
EUR
61.9126
63.1509
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
34.3952
35.0831
,
ZAR
0
0
,
CNY
7.1453
7.2882
,
KWD
177.2055
180.7496
,
AED

oromia

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CHF
60.2506
61.4556
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221

lion

coop

USD
56.9239
58.0624
,
GBP
71.4053
72.8334
,
EUR
61.0167
62.237
,
SAR
15.1761
15.4796
,
AED
15.4967
15.8066

gadaa

USD
56.9586
58.0978
,
GBP
67.8529
69.21
,
EUR
61.1223
62.3447
,
AED
14.0327
14.3134
,
SAR
137438
14.0187
,
CHF
59.8147
61.011

hijra

amhara

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CAD
37.8309
38.5875
,
AED
14.0413
14.3221
,
SAR
13.7515
14.0265

tsehay

USD
56.9888
58.1286
,
GBP
68.8685
70.2459
,
EUR
61.9126
63.1509
,
CAD
37.8309
38.5875
,
SAR
13.7515
14.0265
,
AED
14.0413
14.3221

tsedey

USD
56.9837
58.1234
,
EUR
61.6735
62.907
,
GBP
68.612
69.9842
,
AED
14.0396
14.3204

Commercial Bank of Ethiopia (CBE) Review

Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

8.5 Rating

15.5% Loan Interest

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr CBE NOOR

For business

Written by: abenezer   Proof Read by:  abenezer

Pros and Cons

Several Types of Banking
Options for Loan Opportunities
over 1500 number of brunchs
Longer Waiting Time and Queue
commercial bank of Ethiopia website is Slow and Difficult to understand
Low saving Interest Rate

Commercial Bank of Ethiopia (CBE) Information

Contact Information

Diaspora Benefits

  • Diaspora Deposit accounts
  • Automobile Loan
  • Mortgage Loan
  • Working Capital Loan
  • Consumer 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

  • Personal Automonile Loan 11.5
  • Diaspora Mortgage Loan 7.5
  • Corporate Loan 11.5
  • Investment Loan 11.5
  • Working Capital Loan 11.5

Saving Interest

  • Personal Saving 7%
  • Women Saving 7.25%
  • Youth Saving 7.25%
  • Teen Saving 7.25%
  • Education 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.

Commercial Bank of Ethiopia Exchange Rate Today

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

code name buying buyingTrend selling sellingTrend transactionBuying transactionSelling
USD United States Dollar 56.9888 58.1286 56.9888 58.1286
GBP British Pound Sterling 68.8685 70.2459 72.1136 73.5559
EUR Euro 61.9126 63.1509 61.9126 63.1509
CHF Swiss Franc 60.2506 61.4556 63.0896 64.3514
SEK Swedish Krona 4.8235 4.92 5.3298 5.4364
NOK Norwegian Krone 4.8161 4.9124 5.3217 5.4281
DKK Danish Krone 7.511 7.6612 8.2994 8.4654
DJF Djiboutian Franc 0.3192 0.3256
JPY Japanese Yen 0.333 0.3397 0.3679 0.3753
CAD Canadian Dollar 37.8309 38.5875 41.8021 42.6381
SAR Saudi Riyal 13.7515 14.0265 15.195 15.4989
AED United Arab Emirates Dirham 14.0413 14.3221 15.5152 15.8255
XAF CFA Franc BEAC 0.012 0.0122 0.012 0.0122
INR Indian Rupee 0.6825 0.6962
KES Kenyan Shilling 0.435 0.4437
AUD Australian Dollar 34.3952 35.0831 38.0058 38.7659
SDR SDR 75.4133 76.9216
ZAR South African Rand 3.1282 3.1908
CNY Chinese Yuan 7.1453 7.2882 7.8954 8.0533
KWD Kuwaiti Dinar 177.2055 180.7496 185.5555 189.2666

About Commercial Bank of Ethiopia

One of the predominant banks operating in Ethiopia is the Commercial Bank of Ethiopia, Background of commercial bank of Ethiopia begun Way before its establishment, the bank was under the State Bank of Ethiopia, which was founded in 1942. That led the way for CBE to be founded separately in 1963, before its unification with the, back then, Addis Ababa Bank in 1974.

The Commercial Bank of Ethiopia has more than 22 million account holders who can be entertained by a number of services. With money digitization in mind, the bank has now more than two and a half million cbe mobile and internet banking users as of last year.

Ethiopian’s First Bank

 Commercial Bank of Ethiopia (CBE) is the first bank to introduce modern banking to Ethiopia. It was once the leading African banks with assets of 485.7 billion Birr as of June 30th, 2017. It now has over 1500 branches across the country and plays a significant role in the economic progress and development of the country.

CBE is also the first bank to introduce Western Union Money Transfer Services in the country and currently working with more than twenty money transfer agents like Atlantic International, Xpress Money, and Money Gram. CBE has reliable and enduring relationships with internationally recognized banks across the world.

The Commercial Bank of Ethiopia has a well-built correspondent relationship with renowned foreign banks like Commerce Bank A.G., Royal Bank of Canada, City Bank, HSBC Bank, it also has a SWIFT bilateral arrangement with more than 700 others banks throughout the world.

The commercial bank role in Ethiopia is to act as a government representative bank directed to the larger company working with import, and export businesses.

Services Provided by the Commercial Bank of Ethiopia

Commercial Bank of Ethiopia has a range of options. You can go with Ordinary saving, Youth, Teen, Education saving account, and a specific saving account for Women. Choose the type of account that suits you the best.

Saving Account Commercial Bank of Ethiopia

Personal Account

Definition: With a minimum of %7, you can open an interest-bearing account as long as you are satisfying certain legalities and requirements by the bank, either as an individual, association, organization, or company.

Required Document
  • If you are an individual, you must bring any credentials that verify you, like passport, ID, school ID, etc.
  • If you are a Private Limited Company, you must possess any documents that ensure that you are a PLC, like a work permit paper, legal business opening file, etc

Demand Account

Definition: This is a non-interest-bearing account and only literate customers can open such an account. The demand account can be either a checking or current account. In addition to literate customers, legal agents named by the principal can also open and/or operate demand accounts. The process to verify such a legal agent has to go through the bank’s legal department, area offices, or branch managers. Situations determine who verifies that. If all the legal documents are successfully processed, a minimum of 500 birr for a current account, and 1000 birr for others.

Demand Account Types provided by the Commercial Bank of Ethiopia

Some terminologies might be difficult to understand. However, it can be easily understandable depending on your need. You can have an ordinary demand deposit, special-demand deposit, or ECX related accounts. These are the three types of demand accounts provided by the Commercial Bank of Ethiopia.

Required Documents
  • Same as the personal account, if you are an individual, you must bring any credentials that verify you, like passport, ID, school ID, etc.
  • Additionally, if you are a Private Limited Company, you must possess any documents that ensure that you are a PLC, like a work permit paper, legal business opening file, etc.

Commercial Bank of Ethiopia Diaspora Account

Definition: Individuals, companies, and residing foreign citizens as well as Ethiopians who have lived more than a year abroad and Ethiopians by origin but have different nationalities, are eligible to have a non-resident account, known as a Diaspora account. Such an account is a non-interest bearing account and can be used for payments within Ethiopia (local payments) as two types have an interest, namely Fixed Time Deposit and Non-Repatriable Diaspora account. The source of the deposits is in foreign currencies, which the bank will use the current date for the exchange price. For more on diaspora account in Ethiopia, visit this page.

Non-Resident Account Types provided by the Commercial Bank of Ethiopia

There are 5 types of Diaspora account that the Commercial Bank of Ethiopia provides for its customers:

  • Diaspora accounts
  • Non-Resident Transferable for Birr Account, AKA (NR-T Birr)
  • Non-Resident Non-Transferable for Birr Account, AKA (NR-NT Birr)
  • Non-Resident Transferable foreign currency, AKA (NR-T)
  • Foreign Exchange Retention accounts
Required Documents
  • The following must verify their ownership to legally have a Diaspora account in Ethiopia:
  • Foreign Nationals of Ethiopian Origin
  • Exporters
  • Diplomats
  • Non-Resident Ethiopians
  • Embassies
  • International Organizations
  • Foreign Investors
  • International Charities
  • Emigrant(refugee) Employees of International Organizations

Investment Loan

For investment loan, Commercial Bank of Ethiopia offers a wide range of options:

  • Motor Vehicle, Construction Machinery, Agricultural Term, Partial Financing, Syndicate, Term, and Idea Financing loans.
  • Any group or individual who has/have a recognized, scientific invention/study by the government of Ethiopia that deals with seeding innovative ideas, (namely MINT).
  • Once Intellectual Property Right Protection is obtained from the designated office, the loan is then granted for those innovators to mass-produce their ideas

The Commercial Bank of Ethiopia might extend the loan to Idea Financing loans to up to a maximum period of 10 years, with a one year grace period Continuing with the options that CBE offers as loan investment, which includes:

  • Loan against Corporate Bond
  • Housing Development Loan
  • Equipment and/or Machinery Leasing Financing

Micro Finance Loan

Definition: Basically, they are organizations that have some sort of engagement in supplying financial services such as savings and credit to the low-income (poor) division of the community.

  • CBE does loans to micro-finance institutions in only term loans that are subjected to repayment from within a short to medium term.
  • CBE will extend credit ability to such institutions when they raise their financial limitations for giving credit to other micro-entrepreneurs.
  • The Bank may negotiate on the interest rate on credit to the Micro Finance Institutions.
  • Discussions can happen on the interest rate for the credit given to micro-finance institutions.

Eligibility

  • To be eligible for micro-finance loans by CBE, an institution should have an excellent loan portfolio in terms of savings, loan approvals, best recovery practices, and similar measures and indices.
  • Micro-Finance Institutions should also ascertain that they are legally registered with the National Bank of Ethiopia and abide by and meet all relevant policies and directives of the National Bank of Ethiopia regarding:
  • As a notice, such institutions must know that they are legally registered with the NBE (AKA: National Bank of Ethiopia) and that they are following the policies and commands of the NBE for: Reserve, Liquidity, Capital adequacy, and Minimum paid-up capital requirements, and any other requirements set by the National Bank of Ethiopia.

As a security measure, micro-finance institutions shall propose a minimum of %75 of the principal loan,  if they are able to obtain a credit-guarantee plan from the designated part.

Working Capital Loan

Definition: is a loan that is taken to finance a company’s everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company’s short-term operational needs. Working Capital loan within the Commercial Bank of Ethiopia policies includes:

  • Import Letter of Credit Facility
  • Pre-Shipment Export Credit Facility
  • Advance on Export Bills Facility
  • Overdraft and overdraw Facility
  • Merchandise Loan Facility
  • Overdraw
  • Import Letter of Credit Settlement Loan
  • Revolving Export Credit Facility
  • Letter of Guarantee Facility

Trade Service

Definition: One of the fundamental services of CBE is trade services, as the bank has connections with mostly all international banking services. Trade services can now be found on all the branches of CBE with hired customer service officers.

Services: CBE offers trade services in the form of:

Documentary Credit (L/C)

This is a written letter vow by CBE that is given to the seller if the buyer asked for a payment to be made, or receive and pay bills as an exchange (AKA draft). The seller draws the number up to a declared sum of money within an expressed time duration and against specific documents. It includes:

  • Import:- it is available by observation of payment/negotiation, payment/deferred payment*/acceptance payment*. There are forms to be filled, namely LS Application or LS Amendment.
  • Export:- payment available by observation of negotiation/acceptance of bills. *If approved by the National Bank of Ethiopia

Documentary Collection:

This is a way that CBE handles a seller’s commercial documents, either in the presence of financial documents or not. This procedure must go in alignment with instructions given by the seller, so the documents can be delivered to the buyer (namely as the Importer). This also has to go head to head with payments and/or acceptance or other term and condition sets, which has:

  • Import:– this is available by sight payment. There are two types of forms: – Documentary Credit Application and  – Documentary Credit Amendment forms
  • Export:- this is also available by sight payment/acceptance payment

Advance Payment:

This is a way in which a seller gets payment from a buyer before shipment of the agreed on goods, or rendering service takes place. The advance payment contains:

  • Import- Payment through bank transfers
  • Export- Payment through bank transfers, traveler cheques, cash (as long as it is declared).

Consignment Basis Payment:

This is a way of payment that the title of the goods remains with the seller until a distributor in a foreign country sells them. The payment is afterward made when the agent sells the goods.

  • Export- it is applicable to the likely to decay items, for example, fruits, flowers, meat, syrup, etc as approved by the National Bank of Ethiopia

Contact Information

Toll-free Number: 951

CBE phone number: +251-551-50-04

CBE Email Address: [email protected]

SWIFT: CBETETAA

CBE Head Office: Legehar, Addis Ababa, Ethiopia

8.5

Commercial Bank of Ethiopia (CBE)

Loan Interest

8.4

Mobile Banking

10

Internet Banking

8

Saving Interest

8.8

Customer Service

8

Diaspora Benefit

8

Visit Website

Customer Favourite Banks In Ethiopia

Show More
Zemen Bank

Zemen Bank

Pre Paid Cards

Debit card linked with Zemen Account

Read Review
Awash Bank

Awash Bank

Business Banking

Plenty of business banking choices

Read Review
Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

CBE Birr CBE NOOR

For business

Read Review
Bank of Abyssinia

Bank of Abyssinia

E-Commerce

Simplify Customer Experience

Read Review