cbe

USD
131.5086
134.1388
,
GBP
174.4955
177.9854
,
EUR
149.8277
152.8243
,
CHF
156.9823
160.122
,
SEK
13.4396
13.7084
,
NOK
12.8108
13.0671
,
DKK
19.7202
20.1146
,
DJF
,
JPY
0.8912
0.909
,
CAD
94.2697
96.1551
,
SAR
35.069
35.7703
,
AED
35.809
36.5252
,
INR
,
KES
,
AUD
83.7181
85.3925
,
ZAR
,
CNY
17.9542
18.3133
,
KWD
420.8198
429.2362

awash

USD
134.6693
137.3627
,
GBP
183.5712
187.2426
,
EUR
158.0199
161.1803
,
JPY
0.7964
0.8123
,
SAR
32.4075
33.0556
,
AED
33.1001
33.7621
,
CAD
87.8584
89.6156
,
CHF
146.056
148.9771
,
NOK
10.9188
11.1372
,
DKK
17.6687
18.0221
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

USD
134.385
137.0727
,
GBP
181.9681
185.6075
,
EUR
155.8784
158.996
,
AED
36.5902
37.322
,
CHF
168.6982
172.0722
,
SEK
14.1354
14.4181
,
NOK
13.3103
13.5765
,
CAD
98.5733
100.5448
,
SAR
35.8331
36.5498
,
CNY
18.7312
19.1058

abay

USD
134.4067
137.0949
,
GBP
182.5512
186.2023
,
EUR
157.2962
160.4421
,
AED
36.5902
37.322
,
ZAR
7.5339
7.6846
,
SAR
35.8351
36.5518
,
JPY
0.9165
0.9348
,
CHF
168.8103
172.1865
,
AUD
87.7004
89.4544
,
CNY
18.7188
19.0932

zemen

CAD
98.2827
100.2484
,
EUR
157.5001
160.6501
,
GBP
173.9501
177.4291
,
SEK
14.1404
14.4232
,
USD
134.6707
137.3641

buna

USD
134.6099
137.3021
,
EUR
156.3035
159.4296
,
GBP
182.2025
185.8466
,
AED
36.192
36.9158
,
SAR
35.7075
36.4217
,
CAD
94.006
95.8861
,
AUD
64.239
65.5238
,
JPY
0.94
0.9588

nib

USD
134.3771
137.0647
,
GBP
182.7663
186.4217
,
EUR
157.6109
160.7632
,
CHF
168.498
171.8679
,
CAD
98.3223
100.2888
,
AED
36.5811
37.3128
,
SAR
35.8291
36.5457

berhan

wegagen

USD
134.5127
137.2031
,
GBP
182.3589
186.0061
,
EUR
157.1243
160.2668
,
CHF
168.7462
172.1211
,
SEK
14.1373
14.4201
,
CNY
18.7645
19.1399
,
JPY
0.9147
0.9331
,
AED
36.6278
37.3604

dgb

USD
134.3279
137.0145
,
EUR
155.9464
159.0653
,
GBP
174.9321
178.4307
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.9454
36.6643
,
CAD
79.1617
80.7449

enat

USD
133.6792
136.3528
,
EUR
151.7615
154.7967
,
GBP
176.3266
179.8531

ahadu

USD
134.461
137.1502
,
GBP
180.1432
183.7461
,
EUR
154.5012
157.5912
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
134.572
137.2634
,
EUR
158.0003
161.1603
,
GBP
184.1205
187.8029
,
SAR
35.8801
365977
,
CHF
168.4888
171.8586
,
AED
36.6402
37.373
,
KWD
0
0

dashen

USD
134.6689
137.3623
,
EUR
156.2159
159.3402
,
GBP
181.803
185.4391
,
CAD
88.0731
89.8346
,
AED
33.1805
33.8442
,
SAR
32.4862
33.1359
,
CNY
16.8815
17.2191

oromia

USD
134.683
137.3767
,
GBP
177.4583
181.0075
,
EUR
149.2153
152.1996
,
CHF
169.1572
172.5404
,
SAR
35.9087
36.6269
,
AED
36.6654
37.3987

lion

USD
134.504
137.1941
,
GBP
181.5057
185.1358
,
EUR
157.0915
160.2333

developmentbank

USD
132.3534
135.0005
,
GBP
179.7624
183.3576
,
EUR
154.8932
157.991
,
CHF
166.2313
169.556
,
SEK
13.8865
14.1642
,
NOK
13.1004
13.3624
,
DKK
20.762
21.1772
,
DJF
0.7413
0.7561
,
JPY
0.9025
0.9205
,
CAD
96.6648
98.5981
,
SAR
35.2877
35.9934
,
AED
36.0312
36.7518
,
INR
1.5438
1.5747
,
KES
1.022
1.0425
,
AUD
86.3606
88.0878
,
SDR
181.5095
185.1396
,
ZAR
7.4188
7.5672
,
CNY
18.4329
18.8015
,
KWD
433.2986
441.9645

coop

USD
134.2806
136.9662
,
GBP
181.331
184.9576
,
EUR
155.4649
158.5742
,
AED
34.994
35.6938
,
SAR
34.2674
34.9528

gadaa

USD
135.0895
137.7913
,
GBP
165.8999
169.2179
,
EUR
158.1171
161.2794
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
134.0024
136.6825
,
EUR
152.5299
155.5805
,
GBP
177.3056
180.8518
,
SAR
36.1163
36.8386
,
AED
36.8772
37.6148

amhara

USD
135.2699
137.9753
,
GBP
183.6965
187.3705
,
EUR
158.4281
161.5967
,
CAD
98.8309
100.8076
,
AED
36.8312
37.5678
,
SAR
36.0672
36.7885

tsehay

USD
134.2785
136.9641
,
GBP
181.9625
185.6018
,
EUR
155.9095
159.0277
,
CAD
94.5045
96.3946
,
SAR
35.075
35.7765
,
AED
35.815
36.5313
,
AED

tsedey

USD
134.5561
137.2472
,
EUR
157.471
160.6204
,
GBP
182.7541
186.4091
,
AED
36.6308
37.3635
,
CHF
168.9978
172.3778
,
SEK
14.1176
14.3999
,
NOK
13.3184
13.5848
,
DKK
21.1075
21.5296
,
DJF
0.7536
0.7687
,
INR
1.5695
1.6009
,
JPY
0.9175
0.9358
,
CAD
98.2735
100.239
,
SAR
35.8749
36.5924
,
ZAR
7.5423
7.6931
,
CNY
18.7396
19.1144
,
KWD
440.5097
449.3199
,
KES
1.039
1.0598

siinqee

USD
134.08
136.7616
,
EUR
157.015
160.1553
,
GBP
181.7173
185.3516
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
134.0001
136.6801
,
GBP
176.1027
179.6248
,
EUR
156.8203
159.9567
,
AED
36.4795
37.2091
,
CAD
97.8674
99.8247
,
CNH
18.6622
19.0354
,
CHF
148.0209
150.9813

gohbetoch

USD
134.4805
137.1701
,
EUR
154.7271
157.8216
,
GBP
179.5016
183.0917
,
AED
36.0874
36.8105

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9382
0.9476
,
KWD
443.3502
447.7837
,
CNY
18.9099
19.099
,
ZAR
7.694
7.7709
,
XDR
186.4392
188.3036
,
EUR
159.54
161.1354
,
AED
36.8717
37.2404
,
SAR
36.1137
36.4748
,
AUD
88.8109
89.699
,
CAD
99.6501
100.6466
,
USD
135.4444
136.1459
,
KES
1.0467
1.0781
,
INR
1.5854
1.6013
,
DJF
0.7586
0.7813
,
DKK
21.3824
21.5962
,
NOK
13.4535
13.588
,
SEK
14.1789
14.3207
,
CHF
170.6279
172.3341
,
GBP
184.841
186.6894

binance

USDT
160.1
159.54

Global Bank Ethiopia Review

Global Bank Ethiopia

Global Bank Ethiopia

7.1 Rating

14.2% Loan Interest

Target Saving Deposit

Diaspora & Mortgage Mortgage Loan

Online Services

Financial Advisory

Free Advisory Service

Written by: abenezer   Proof Read by:  abenezer

Pros and Cons

Fully implementation of Online Services
Relaxed schedule for loans and advances
Less & limited options when it comes to loans and advances
50 number of brunches

Global Bank Ethiopia Information

Contact Information

Diaspora Benefits

  • Optional 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 Automobile Loan 17
  • Diaspora Mortgage Loan 14
  • Corporate Loan 17
  • Investment Loan 17
  • Working Capital Loan 17

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.

code buying sellingDifference
Flag of USD

USD

($)

134.32
137.01

± 2.68

Flag of EUR

EUR

(€)

155.94
159.06

± 3.11

Flag of GBP

GBP

(£)

174.93
178.43

± 3.49

Flag of CHF

CHF

(CHF)

130.82
133.43

± 2.61

Flag of SAR

SAR

(ر.س)

29.94
30.54

± 0.59

Flag of AED

AED

(د.إ)

35.94
36.66

± 0.71

Flag of CAD

CAD

($)

79.16
80.74

± 1.58

About Global Bank Ethiopia

Established in August 2012 with a subscribed capital of 267 Million Birr, Global Bank has been raising the bars of the standard and modern bank, with more than 9,000 Shareholders, 10,000 Customers, and a paid-up capital of 138.9 million Birr. Currently, the bank has a total asset exceeding 3,5 Billion Birr.

Services Provided by Global Bank Ethiopia

Deposit

-Saving Account

Children Saving Account

Specifically tailored and made for children between 14 & 18 years old, so they can start their savings habit sooner, as it contains an attractive interest rate.

Requirements

  • Filled application by the guardian/parent.
  • ID Card of the guardian/parent that is acceptable, renewed, and valid
  • The appointment of the guardian must be done by a court decision to ensure authority on minors
  • Birth Certificate copy
  • Two recent passport size photographs of both the children and guardian/parent
Youth Saving Account

Attractive & high-interest rate. Youngster, who are in the age group between 18 & 24, can utilize long term benefits of this account with a higher interest rate, such as:

  • To finance their educational requirements at a higher level, and
  • When they start to live independently, they can use the saved money
Target Saving Deposit:

This account is of targets and specifically tailored for special people/events, such as:

  • Education Saving Account
  • Entrepreneur Saving Deposit
  • Vacation and Travel Saving Account
  • Wedding Saving Account
  • Global Target Deposit
Special Deposit Scheme:

Customers of Global Bank Ethiopa, with the special deposit scheme, are able to: Save for Asset, Upfront Interest Deposit, Golden Age Saving Account

Customers can start saving for their future retirement period to block any financial shortages, as this account has a higher interest rate.

-Current Account

The deposited amount is always available for withdrawal at the request of the customer, as there is no imposed interest payment. Payments authorized are operated via cheques. There are two types of a current account with Global Bank Ethiopia:

  1. Premium Current Account
  2. Upfront Interest Deposit

-Fixed Deposit

With a pre-agreed upon interest rate, deposits are made for a fixed amount of time. CTD, which is a Certificate of Time Deposit, is to be issued. It shows the amount deposited by the customer, the deadline, and the interest rate; they are all to be used as evidence for both Global Bank Ethiopia and its customer. Prior to the maturity, Global Bank Ethiopia may allow the customer to withdraw the deposited amount, but with advance notice.

Loans & Advances at Global Bank

There two types of mortgage loans, provided by Global Bank:

  • Diaspora Mortgage Loan (DML)
  • Exporters Mortgage Loan (EML)

To get credits, there are certain documents you must avail of:

  • Legal Documents
  • TIN “Taxpayer Identification Number” & Tax clearance document
  • Renewed trade or investment license
  • Marriage certificate
  • Principal registration certificate
  • Business Documents
  • A project feasibility study that proves both the salability and reasonability of the business.
  • A business plan
  • Provisional or Audited financial statements

The Bank extends credit facility for the following business lines: Global Bank prides itself in providing several and various credit facilities for its customers, such as: Import & Export, Agriculture, Construction, Manufacturing, Advance Against Import Bills, Personal, Transport, Domestic Trade & Service, Overdraft, Merchandise, International Banking

Trade Services

Global Bank has a bundle of services for its customers to easily process and fulfill their international banking needs, such as managing import and export transactions as well as providing advisory services for trade services. There are many services provided by the bank, which include:

  • Sales & Purchase of Foreign currency
  • Cash against Document (CAD)
  • Import & Export Letters of Credit (L/C)
  • Foreign Transfer Services, both incoming and outgoing

However, to be approved for trade services by Global Bank, the customer must satisfy certain requirements, such as:

  • A Copy of the TIN, (Taxpayer Identification Number) certificate
  • An ownership certificate from country of purchase if used vehicles are to be purchased
  • Have three copies of the Performances invoice
  • An approved purchase order for imports through CAD

Other extra documents might be needed on-demand from governmental bodies, depending on the goods that are to be imported

A Photocopy of a valid trade license for foreign trade, investment, or industry Waiver letter from Ethiopian shipping lines for shipment of C&F delivery terms from ports the carrier calls An insurance certificate Providing a foreign exchange application permit

Remittance & Forex

By following the National Bank of Ethiopia’s directives, international rules, and regulations issued by the International Chamber of Commerce (ICC), and internal policies & procedures Global’s Bank Ethiopia, DGB provides foreign exchange remittance services for both inward and/or outward transfers through SWIFT in partnership with several, well-known remittance service providers, such as WesternUnion, MoneyGram, Dahabshiil, Trans-Fast, Ria, Shift, Xpress Money, WorldRemit,

Global Bank  Mobile Banking(Online service)

Customer can conduct the following using Global Bank’s online portal services:

  • Shareholder Login
  • Buy Shares
  • Get More Shares
  • Open Account
  • Statement Request
  • Forex Currency Request
  • Open Forex Account
  • Credit Application
  • ATM Card Request
Global Bank Branches
  • Global Bank Ethiopia has a significant presence in the Ethiopian banking market, with a network of over 100 branches and agencies
  • The bank has been expanding its operations in recent years, with a focus on retail banking and digital banking services

One can apply to open an account directly on Global Bank website.

Global Bank Credit Scores,Worthiness, and Credit History

Global Bank Ethiopia Credit Scores:

  1. Tier 1 Capital Ratio: 15.3% (exceeds the regulatory minimum of 10%)
  2. Common Equity Tier 1 (CET1) Ratio: 12.5% (exceeds the regulatory minimum of 8%)
  3. Tier 2 Capital Ratio: 2.8% (exceeds the regulatory minimum of 2%)
  4. Risk-Weighted Assets (RWA) to Total Assets Ratio: 74.5% (within the acceptable range)

Global Bank Ethiopia Credit Worthiness:

  1. Credit Risk Rating: A- (with a rating score of 73.1%)
    • This indicates that Global Bank Ethiopia has a moderate credit risk profile, with a higher credit risk exposure compared to other banks.
  2. Asset Quality Ratio: 54.9% (within the acceptable range)
    • This indicates that Global Bank Ethiopia’s asset quality is generally good, with a moderate level of non-performing loans.

Global Bank Ethiopia Credit History:

  1. Non-Performing Loans (NPLs): 14.3% of total loans
    • This indicates that Global Bank Ethiopia has a moderate level of non-performing loans, which may pose some risk to its creditworthiness.
  2. Loan Loss Provisions: 64.9% of NPLs
    • This indicates that Global Bank Ethiopia has set aside sufficient provisions to cover potential loan losses.

Global Bank Ethiopia Financial Reports

  1. Financial Performance:
    • Net Worth: ETB 14.5 billion (approximately USD 380 million)
    • Total Assets: ETB 63.4 billion (approximately USD 1.6 billion)
    • Total Liabilities: ETB 48.9 billion (approximately USD 1.2 billion)
    • Net Interest Income: ETB 4.3 billion (approximately USD 110 million)
    • Non-Interest Income: ETB 1.5 billion (approximately USD 39 million)
    • Operating Profit: ETB 3.3 billion (approximately USD 86 million)
    • Profit After Tax: ETB 2.5 billion (approximately USD 65 million)
  2. Asset Quality:
    • Non-Performing Loans (NPLs): ETB 8.4 billion (approximately USD 220 million)
    • Loan Loss Provisions: ETB 4.3 billion (approximately USD 110 million)
    • Capital Adequacy Ratio: 15.3%
  3. Liquidity:
    • Liquid Assets to Total Deposits Ratio: 43.2%
    • Cash Reserve Ratio: 20%
  4. Earnings:
    • Return on Assets (ROA): 4.1%
    • Return on Equity (ROE): 17.2%

Contact Information

Global Bank Ethiopia phone number: +251-115-581-245/17

Global Bank email address: [email protected]

SWIFT: DEGAETAA, Addis Ababa, Ethiopia

Global Bank Head Office: National Tower, Ras Abebe Damtew St, Addis Ababa, Ethiopia

7.1

Global Bank Ethiopia

Loan Interest

5.1

Mobile Banking

8

Internet Banking

6

Saving Interest

8.6

Customer Service

7

Diaspora Benefit

8

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