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

Dashen Bank Review

Dashen Bank

Dashen Bank

8.4 Rating

13.7% Loan Interest

Amole Wallet

Gold debit card

Green card

Dube Ale , Amole Digital Banking

Pay from your mobile

Written by: abenezer   Proof Read by:  abenezer

Pros and Cons

Fast Customer Service
New Technology Use
more than 800 brunches
Website not up do date
old currency transaction rate on website
ATM that don't pay out but takes amount from account when using international cards

Dashen Bank Information

Contact Information

Diaspora Benefits

  • Optional Diaspora Bankin
  • 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 Automobile Loan 14.5
  • Diaspora Mortgage Loan 7.5
  • Corporate Loan 15
  • Investment Loan 15
  • Working Capital Loan 15

Saving Interest

  • Personal Saving 7%
  • Youth Saving 7.5%
  • Teen Saving 7.5%
  • Education Saving 7.5%

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.

Dashen Bank Exchange Rate

The exchange rate for Dashen Bank 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
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 4.91242 5.3217 5.4281
DKK Danish Krone 7.511 7.6612 8.2994 8.4654
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
EUR Euro 61.9126 63.1509 61.9126 63.1509
DJF Djiboutian Franc 0 0 0.3192 0.3256
INR Indian Rupee 0 0 0.6825 0.6962
KES Kenyan Shilling 0 0 0.435 0.4437
AUD Australian Dollar 34.3952 35.0831 38.0058 38.7659
ZAR South African Rand 0 0 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
AED United Arab Emirates Dirham

About Dashen Bank

Dashen Bank is the first private bank established back in 1995 with ETB 14Million capital. Dashen bank’s head office is placed at the capital of the country, Addis Ababa. The bank initially started operations with eleven branches but grew rapidly over time. How many Branches Dashen Bank has today is a sign of its progress through the years. Dashen Bank has grown on a tremendous scale and currently has over five hundred branches, 10 Forex Bureaus, over 350 ATMs, over a thousand Point of Sale terminals, and agent banking.

More About Dashen Bank

Dashen Bank was named after the highest mountain in Ethiopia, “Ras Dashen” which is also the habitat of unique wild animals like Walia Ibex. These characteristics of the mountain happen to match the founders of the Bank and caused them to adopt the name and incorporate their aspirations.

Dashen Bank as of date has an asset of ETB 28 Billion and over 1.5 million customers.  Dashen Bank has also established strong correspondent banking relationships with 462 banks in 70 countries and 170 cities worldwide. This shows the bank’s reliability and modernity.

The Bank also works in partnership with the electronic payment brands including AMEX, VISA, MasterCard & UnionPay and well-known money transfer operators such as Western Union, MoneyGram, Express Money & Dahabshiil, Ezremit, Transfast, WorldRemit, and Ria.

Services of Dashen Bank

Domestic Banking

Current Account:

Definition: This is an account opened to individual names, joint names, registered businesses, groups, or organizations. An individual or business with this account can access money through cheques or VISA card.

Benefit: Affordable minimum account opening balance

  • Easy payments through cheques
  • Free monthly account statement
  • VISA Card on application
  • Account accessible at any branch
  • Interest bearing

Products of Dashen Bank

    • Non Resident Transferable Birr account [NRT]

A non-interest bearing account opened and operated by cheque serving foreign nationals living abroad, international organizations operating in Ethiopia, NGOs, and embassies.

    • Non Resident Non-Transferable Birr account (NRNT)

A Non-Resident Saving account opened and operated by foreign nationals residing in Ethiopia, where the account is credited and opened in a recognized foreign currency but is maintained and only usable for local transactions.

    • Non Resident Foreign Currency Account (NRFCY)

A non-interest bearing account opened and operated by cheque serving foreign nationals living abroad, international organizations operating in Ethiopia, NGOs, and embassies functioning in Ethiopia.

    • Foreign Exchange Retention Account A and B

A non-interest bearing foreign currency account that is kept to credit the export proceeds obtained through the Bank to allow the customer to use the hard currency for the import of items connected to the export business.

    • Interest Plus Bonus Account

In addition to the standard interest, this savings account also provides a bonus on the annual interest gained.

    • Saving Plus Account

A savings account that grants users access to a consumer loan privilege while earning standard interest

    • Hybrid Account

A Multi Option Deposit Scheme which combines demand and savings deposits to allow customers to satisfy their financial demands in a flexible way by combining the benefits of current and savings accounts.

    • Student Account

An education-related savings account that is opened and run by a potential or present account user who is looking to further their education by making the necessary contributions to their tuition.

    • Special Youth Account

Savings account for minors (children of age <18) that is opened and managed by their parent or legal guardian.

    • Women Saving Account

It is an account that earns interest at a progressive rate based on the deposit balance; the bigger the sum, the higher the interest rate.

    • Premium Savings Account

Customers who open one of these savings accounts have access to higher interest rates on their savings as well as additional banking services.

Dashen Bank Loan Procedures

Dashen bank grants loans and advances to different sectors of the economy on the strength of viability and assessment of concentration risk.

Major types of credit facilities by Dashen Bank

  • Overdraft (for working capital)
  • Term loans (Short and project finance)
  • Letter of credit facility
  • Advance on import bills
  • Revolving overdraft (for export bills)
  • Merchandise loan
  • Trade bills discounted
  • Export credit guarantee scheme
  • Letter of guarantee (Advance, Performance and Bid Bonds)

Major Types of Loans at Dashen Bank

 

Dube Ale

Dube Ale Dashen Bank is a technology-assisted credit system provided by Eagle-Lion System Technology and other business organizations in Ethiopia that provide various products and services.

In addition to modernizing traditional credit with technology, Dube Bank also helps manufacturers and service providers to increase their sales by creating trust between consumers and commercial institutions.

How to become a credit card user? Anyone above the age of 18 can use credit cards.

First, you can download the Dube Alee app from Google Play or App Store to your mobile phone and register.
If you are currently employed, by writing a letter from the office where you work explaining your work and salary;

If you are self-employed, you can apply for a loan at your nearest Dashen Bank branch with your business license and proof of legal income.

Then, with the help of a professional, you can complete your customer information and determine your credit limit based on your income.

The current loan take limit is 700,000ETB 

The benefits of this Dube ale service are that :-

  • Being able to achieve needs without being limited by the temporary capacity
  • Reasonable payment
  • A simple technology-assisted procedure
  • Expands market opportunity
  • It helps to promote business establishments

 

Agricultural Loans:

This type of loan is granted for the purchase of agricultural inputs such as fertilizers, selected seeds, agro-chemicals, rental or purchase of agricultural machinery and equipment; for crop collection, processing, and marketing of agricultural products. Projects also focused on producing exportable products like flowers, fruits, and vegetable and agro-industry developments such as dairy farming, cattle fattening are eligible for this type of loan facility.

Dashen bank private car loan is around 14.5 % interest rate.

Manufacturing Loans:

These types of loans are availed to facilitate manufacturing projects of small, medium and large-scale industries are classified under this category. Dashen Bank encourages the following manufacturing sectors to provide loans

  • Business establishments producing commodities that will improve agricultural productivity
  • Expansion programs of already existing establishments.
  • Enterprises utilizing agricultural inputs (agro-based industries and other local raw materials)
  • Enterprises producing consumption goods.
  • Labor-intensive industries.
  • Industries engaged in the production of capital goods.
  • Industries geared to the export market and import substitution.
  • Industries producing goods having value-added.
  • Small-scale industries owned by individuals and cooperative ventures.

 

Dube Ale service is provided to all sections of our society and the system where users can get credit without children is further encouraged.

 

Import/Export Loans:

This is one of the priority areas of the bank as foreign trade has a great significance in the development of an economy. Dashen bank has a great loan facility for businesses involved in international trade financing in the form of import and export.

Trade and Services Loan:

This type of loan includes sectors such as wholesale trade, retail trade, services such as hotels, schools, hospitals, tour agencies, etc other than transportation services.

Financing trade and services help in the smooth flow of goods and services in the economy and serve as an intermediary between producers and consumers. Therefore, trade-in essential goods whether imported or locally produced is to be encouraged by Dashen Bank through working capital financing. Among others, goods traded include outputs of manufacturing industries, cottage and handicraft, mining activities, and agricultural products.

Building & Construction Loans:

Dashen Bank grants loans for building contractors, investors who are engaged in road and water projects construction, civil workers, and business people who seek financial assistance to construct commercial or residential buildings. These loans are also provided to licensed contractors to pay working capital shortages to mobilize materials required to construct buildings, roads, dams, etc.

Transport Loans:

Loans to be granted for the purchase of transport vehicles like trucks, tankers and public transport buses to licensed transport operators are to be classified here. In addition, loans granted to facilitate the smooth operation of trucking companies or loans to cover custom duty charges or modification costs are also included.

International Banking

Foreign Exchange Permits

The foreign exchange regulation of the country requires most import, export, and outgoing foreign payments to be processed against the approval of foreign exchange permits. Permits will be approved when in presence of documents in a set that show the consistency of data between each other, some of the data to be includes are

  • Name and full address of parties
  • Types of currency and amount
  • Agreement between the parties
  • Description of commodities or service of the transaction
  • Port of Loading and Delivery

Import and Export:

Import:

Import refers to bringing in commodities, machinery, materials, etc from a foreign country and related transactions. Banking regarding import transactions deals with documents.

“Documents” in import transactions mean the following

  1. “Financial documents” means bills of exchange or promissory notes used for obtaining the payment of money.
  2. “Commercial Documents” means commercial invoices, transportation documents [like Bill of Lading (B/L), Air Waybill (AWB), Truck Waybill (TWB), Rail Waybill (RWB), Parcel Post Receipt (PPR)], Packing List, Certificate of Origin, documents of title or other similar documents, or any other documents whatsoever, not being financial document.

The three methods of payment allowed by the regulation for import activities are listed here below – based on risk level to Ethiopian importers.

  • Cash Against Document (CAD/IBC)
  • Letter of Credit
  • Advance Payment

Export:

Export refers to transactions related to sale of commodities, machineries, materials, etc to foreign countries. Banking regarding import transactions deals with documents set

  1. “Financial documents” means bills of exchange or promissory notes used for obtaining the payment of money.
  2. “Commercial Documents” means commercial invoices, transportation documents [like Bill of Lading (B/L), Air Waybill (AWB), Truck Waybill (TWB), Rail Waybill (RWB), Parcel Post Receipt (PPR)], Packing List, Certificate of Origin, documents of title or other similar documents, or any other documents whatsoever, not being financial document.

The four methods of payment allowed by the regulation for this type of activity are listed here below based on risk level to Ethiopian exporters.

  • Advance Payment
  • Letter of Credit (L/C)
  • Cash Against Document (CAD/IBC)
  • Consignments

Letter of Guarantee:

Definition: Guarantee means any bond or payment undertaking given in writing by the guarantor (bank or insurance company or other body or person) at the request or on the instruction and under the liability of a principal to discharge an obligation otherwise to compensate loss or damage sustained in the form of payment to a beneficiary on presentation of a written demand and such other documents in conformity with the terms and conditions of the guarantee.

Money Transfer

Local Money / Wire Transfer

Money transfer (remittance) service is one of the major tasks operated by Dashen Bank. Remittances of money through banks between cities in the country are called Domestic Money Transfer or Remittances. There are different modes of effecting Money Transfer. However, the most common means of transferring from one place to the other within the country are:

  • Cashier Payment Order (CPO)
  • Local Drafts
  • Mail Transfers
  • Telegraphic or Telephone Transfers

International Money Transfer

Western Union: Dashen Bank is an Agent of Western Union International money transfer.

  • Features of Western Union:
    • A Secured Code to protect your money
    • No bank account needed
    • Ease of transfer in minutes
  • Simple Guide to Receive money via Western Union:
    • Fill the “To Receive Money” form which includes senders Name, amount of money sent, sending country and Test Question answer.
    • Give form and ID to Agent
    • Agent Gives you your money and Receipt

Money Gram: Dashen Bank is also an agent for Money Gram International money transfer. In order to receive money from Money Gram and other international money transfers at Dashen bank is the same steps as you receive money with Western Union.

Domestic money transactions also can be taken care of by Dashen Bank Mobile Banking

Interest-Free Banking

Interest-Free Banking (IFB) service is an option similar to conventional banking systems except differing on the concepts of interest rates and exclusion of businesses engaged in gambling, sales, or production of pork and alcohol.

Dashen’s IFB service is known as Sharik. It is implemented in one-third of the Bank’s branches. Services that are provided under IFB include deposits, loans, foreign exchange, and remittance.<br/>

The services of the Bank under IFB are four:

  • Amanah– keeping money safe on trust,
  • Qerd– a current account that allows transactions with cheques,
  • Mudaraba– an investment account, and
  • Mudaraba Time Deposit Account– where the customer saves money for a fixed period and withdrawal is done on notice, not on demand.

Dashen Amole

Amole is a mobile money and digital finance where users can engage through different platforms such as USSD and a mobile app.

Amole Digital Banking payment enables merchants and the bank’s agents with mobile point-of-sale (mPOS) to provide digital products and services where customers do their day-to-day shopping. This enables consumers to conveniently pay for their purchases, utility bill payments, person-to-person (P2P) transfers, electronic mobile top-up, Cash-in, and Cash-out.

Contact Information

Toll-free Number: 6333

Dashen Bank phone number: +251 911575827

Dashen Bank email address: [email protected]

SWIFT: DASHETAA, Addis Ababa, Ethiopia

Dashen Bank Head Office: Sudan St., Addis Ababa, Ethiopia

8.4

Dashen Bank

Loan Interest

8.2

Mobile Banking

10

Internet Banking

8

Saving Interest

8.6

Customer Service

7.6

Diaspora Benefit

8

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