cbe

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
EUR
50.7265
51.741
,
CHF
50.7031
51.7172
,
SEK
4.2027
4.2868
,
NOK
4.4353
4.524
,
DKK
6.1741
6.2976
,
DJF
0.2921
0.2979
,
JPY
0.3301
0.3367
,
CAD
34.8844
35.5821
,
SAR
12.6515
12.9045
,
AED
12.9535
13.2126
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
30.9429
31.5618
,
SDR
,
ZAR
,
CNY
6.6419
6.7747
,
KWD
161.8308
165.0674

awash

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
CAD
38.5463
39.3172
,
AED
14.3133
14.5996
,
CHF
53.0922
54.154

abyssinia

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
EUR
50.7265
51.741
,
AED
12.9535
13.2126
,
NOK
4.4353
4.524
,
SAR
12.6515
12.9045
,
SEK
4.2027
4.2868
,
CAD
34.8844
35.5821

abay

zemen

CAD
38.5463
39.3172
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
SEK
4.6862
4.7799
,
USD
52.5772
53.6287

buna

nib

berhan

USD
52.573
53.6245
,
EUR
51.2797
52.3053
,
GBP
55.4237
56.5322

wegagen

USD
52.5646
53.6159
,
GBP
56.7402
57.875
,
EURO
51.8707
52.9081
,
CAD
35.2953
36.0012
,
AUD
31.5586
32.1898
,
CHF
52.4516
53.5006
,
SEK
4.5533
4.6444
,
NOK
4.9026
5.0007
,
DKK
6.4737
6.6032
,
DJF
0.291
0.2968
,
INR
0.6574
0.6705
,
KSH
0.437
0.4457
,
JPY
0.3504
0.3574
,
SAR
12.616
12.8683
,
AED
12.8975
13.1555
,
ZAR
3.1723
3.2357
,
CNY
6.9767
7.1162
,
KWD
162.7597
166.0149

dgb

USD
52.4895
53.5393
,
GBP
60.4259
61.6344
,
EUR
52.1273
53.1698
,
CHF
53.4734
54.5429
,
CAD
39.916
40.7143
,
AUD
35.6719
36.3853
,
SEK
4.858
4.9552
,
NOK
5.2494
5.3544
,
DKK
7.0095
7.1497
,
DJF
0.2916
0.2974
,
INR
0.6577
0.6709
,
KSH
0.4363
0.445
,
JPY
0.3737
0.3812
,
SAR
13.9618
14.241
,
AED
14.2902
14.576
,
ZAR
3.0395
3.1003
,
CNY
7.571
7.7224
,
KWD
170.024
173.4245

enat

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
53.9168
54.9951
,
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

GBP
59.4718
60.6612
,
USD
52.1166
53.1589

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
52.5772
53.6287
,
GBP
53.9168
54.9951
,
CHF
50.7031
51.7172
,
SEK
4.2027
4.2868
,
NOK
4.4353
4.524
,
DKK
6.1741
6.2976
,
JPY
0.3301
0.3367
,
CAD
34.8844
35.5821
,
SAR
12.6515
12.9045
,
AED
12.9535
13.2126
,
EUR
50.7265
51.741
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
SAR
13.9796
14.2592
,
CHF
53.0922
54.154
,
AED
14.3133
14.5996

lion

USD
52.5772
53.6287
,
GBP
56.4574
57.5865
,
EUR
50.7265
51.741

coop

USD
52.5772
53.6287
,
GBP
50.7265
51.741
,
SAR
13.9796
14.2592
,
EUR
50.7265
51.741
,
AED
14.3133
14.5996

Dashen Bank Review

Dashen Bank

8

Dashen Bank

Amole Wallet

Gold debit card

Green card

Amole Digital Banking

Pay from your mobile

Pros and Cons

Fast Customer Service
New Technology Use
  • 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%

    Dashen Bank Exchange Rate

    code name buying buyingTrend selling sellingTrend transactionBuying transactionSelling
    USD United States Dollar 52.5772 53.6287 52.5772 53.6287
    GBP British Pound Sterling 53.9168 54.9951 56.4574 57.5865
    CHF Swiss Franc 50.7031 51.7172 53.0922 54.154
    SEK Swedish Krona 4.2027 4.2868 4.6439 4.7368
    NOK Norwegian Krone 4.4353 4.524 4.9009 4.9989
    DKK Danish Krone 6.1741 6.2976 6.8222 6.9586
    JPY Japanese Yen 0.3301 0.3367 0.3648 0.3721
    CAD Canadian Dollar 34.8844 35.5821 38.5463 39.3172
    SAR Saudi Riyal 12.6515 12.9045 13.9796 14.2592
    AED United Arab Emirates Dirham 12.9535 13.2126 14.3133 14.5996
    EUR Euro 50.7265 51.741 50.7265 51.741
    DJF Djiboutian Franc 0.2921 0.2979
    INR Indian Rupee 0.6443 0.6572
    KES Kenyan Shilling 0.4352 0.4439
    AUD Australian Dollar 34.191 34.8748
    ZAR South African Rand 2.9087 2.9669
    CNY Chinese Yuan 7.3391 7.4859

    About Dashen Bank

    Dashen Bank is the first private bank established back in 1995 with ETB 14Million capital. The Bank initially started operations with eleven branches but over time Dashen Bank has grown on a tremendous scale and currently has over 400 branches, 10 Forex Bureaus, over 350 ATMs, over a thousand Point of Sale terminals, and agent banking.

    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 with the founders of the Bank and cause 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 modernities.

    The Bank also works in partnership with the electronic payments 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 at 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

    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

    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.

    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.

    DashenBank Exchange Rate

    Exchange Rate for Dashen Bank and all other banks can be found here.

    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 Recieve 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 Mone Gram and other international money transfers at Dashen bank is the same steps as you receive money with Western Union.

    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.

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