cbe

USD
55.7444
56.8593
,
GBP
67.2742
68.6197
,
EUR
60.3991
61.6071
,
CHF
60.9734
62.1929
,
SEK
4.8329
4.9296
,
NOK
4.6491
4.7421
,
DKK
7.3299
7.4765
,
DJF
0.3122
0.3184
,
JPY
0.3429
0.3498
,
CAD
37.2068
37.9509
,
SAR
13.4497
13.7187
,
AED
13.7354
14.0101
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.1801
33.8437
,
SDR
,
ZAR
,
CNY
7.0626
7.2039
,
KWD
172.3885
175.8363

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

abay

USD
55.7444
56.8593
,
EUR
60.3991
61.6071
,
GBP
70.4442
71.8531
,
CHF
63.8465
65.1234
,
AUD
36.6631
37.3964
,
AED
15.1772
15.4807
,
CNY
7.804
7.9601
,
DKK
8.0993
8.2613
,
DJF
0.3122
0.3184
,
INR
0.6684
0.6818
,
JPY
0.3789
0.3865
,
KES
0.3632
0.3705
,
NOK
5.1371
5.2398
,
SAR
14.8616
15.1588
,
ZAR
2.9639
3.0332
,
SEK
5.3402
5.447
,
SDR
74.2906
75.7764

zemen

CAD
40.1728
40.9763
,
EUR
58.6912
59.865
,
GBP
67.4111
68.7593
,
SEK
4.9496
5.0486
,
USD
55.5052
55.5052

buna

USD
54.778
55.8736
,
EUR
60.4201
61.6285
,
GBP
67.3216
68.668
,
AED
13.4962
13.7661
,
SAR
13.2148
13.4791
,
CAD
37.5106
38.2608
,
CNY
6.9339
7.0726
,
USD
7.3374
7.4841
,
EUR
4.7259
4.8204
,
GBP
60.0815
61.2831
,
AED
0.3485
0.3555
,
SAR
4.8953
4.9932
,
CAD
170.2997
173.7057
,
CNY
33.2543
33.9194

nib

GBP
67.2742
68.6197
,
EUR
60.3991
61.6071
,
CHF
60.9734
62.1929
,
USD
55.7444
56.8593
,
CAD
37.2068
37.9509
,
AED
13.7354
14.0101
,
SAR
13.4497
13.7187

berhan

USD
53.4492
54.5182
,
EUR
58.0672
59.2285
,
GBP
62.7892
64.045
,
CAD
36.1521
36.8751
,
AED
13.1691
13.4325
,
YUA
7.1276
7.2702

wegagen

USD
55.6943
56.8082
,
GBP
67.15
68.493
,
EURO
61.0131
62.2334
,
CAD
37.0968
37.8387
,
AUD
33.3569
34.024
,
CHF
60.3518
61.5588
,
SEK
4.8352
4.9319
,
NOK
4.7282
4.8228
,
DKK
7.4063
7.5544
,
DJF
0.3121
0.3183
,
INR
0.6681
0.6815
,
KSH
0.3635
0.3708
,
JPY
0.3393
0.3461
,
SAR
13.438
13.7068
,
AED
13.7231
13.9976
,
ZAR
3.1723
3.2357
,
CNY
7.0459
7.1868
,
KWD
172.3665
175.8138

dgb

USD
55.7444
56.859288
,
GBP
70.4442
71.853084
,
EUR
60.3991
61.607082
,
CHF
63.8465
65.12343
,
CAD
41.1125
41.93475
,
AUD
36.6631
37.396362
,
SEK
5.3402
5.447004
,
NOK
5.1371
5.239842
,
DKK
8.0993
8.261286
,
DJF
0.3122
0.318444
,
INR
0.6684
0.681768
,
KSH
0.3632
0.370464
,
JPY
0.3789
0.386478
,
SAR
14.8616
15.158832
,
AED
15.1772
15.480744
,
ZAR
2.9639
3.023178
,
CNY
7.804
7.96008
,
KWD
180.5115
184.12173

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

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
55.7444
56.8593
,
GBP
67.2742
68.6197
,
CHF
60.9734
62.1929
,
SEK
4.8329
4.9296
,
NOK
4.6491
4.7421
,
DKK
7.3299
7.4765
,
JPY
0.3429
0.3498
,
CAD
37.2068
37.9509
,
SAR
13.4497
13.7187
,
AED
13.7354
14.0101
,
EUR
60.3991
61.6071
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

lion

USD
55.716
56.8303
,
GBP
67.3251
68.6716
,
EUR
60.7026
61.9167

coop

USD
55.6943
56.8082
,
GBP
70.3141
71.7204
,
EUR
61.0131
62.2334
,
SAR
14.8486
15.1456
,
AED
15.1636
15.4669

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.849
172.226
,
SAR
13.3629
13.3481

Commercial Bank of Ethiopia (CBE) Review

Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

8.7 Rating

7% Saving Interest

Widely used Internet banking

Most bank with several branches and ATMs

Prize Linked Saving

CBE Birr CBE NOOR

For business

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 55.7444 56.8593 55.7444 56.8593
    GBP British Pound Sterling 67.2742 68.6197 70.4442 71.8531
    EUR Euro 60.3991 61.6071 60.3991 61.6071
    CHF Swiss Franc 60.9734 62.1929 63.8465 65.1234
    SEK Swedish Krona 4.8329 4.9296 5.3402 5.447
    NOK Norwegian Krone 4.6491 4.7421 5.1371 5.2398
    DKK Danish Krone 7.3299 7.4765 8.0993 8.2613
    DJF Djiboutian Franc 0.3122 0.3184 0.3122 0.3184
    JPY Japanese Yen 0.3429 0.3498 0.3789 0.3865
    CAD Canadian Dollar 37.2068 37.9509 41.1125 41.9348
    SAR Saudi Riyal 13.4497 13.7187
    AED United Arab Emirates Dirham 13.7354 14.0101
    XAF CFA Franc BEAC 0.012 0.0122 0.012 0.0122
    INR Indian Rupee 0.6684 0.6818
    KES Kenyan Shilling 0.3632 0.3705
    AUD Australian Dollar 33.1801 33.8437 36.6631 37.3964
    SDR SDR 74.2906 75.7764
    ZAR South African Rand 2.9639 3.0232
    CNY Chinese Yuan 7.0626 7.2039 7.804 7.9601
    KWD Kuwaiti Dinar 172.3885 175.8363 180.5115 184.1217

    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

    8.7

    Commercial Bank of Ethiopia (CBE)

    Loan Interest

    9.4

    Mobile Banking

    10

    Internet Banking

    8

    Saving Interest

    8.8

    Customer Service

    8

    Diaspora Benefit

    8

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