Debub Global Bank Review
Debub Global Bank
Target Saving Deposit
Diaspora & Mortgage Mortgage Loan
Online Services
Financial Advisory
Free Advisory Service
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
Debub Global Bank Information
Contact Information
- SWIFT DEGAETAA
- +251-115-581-245
- [email protected]
- 100743
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%
Debub Global Bank Exchange Rate
The exchange rate for Debub Global Bank can also be found at ourexchange rates page, along with all other banks’ exchange rates in Ethiopia today.
code | name | buying | buyingTrend | selling | sellingTrend |
---|---|---|---|---|---|
USD | United States Dollar | 54.4025 | 55.4906 | ||
GBP | British Pound Sterling | 67.8018 | 69.1578 | ||
EUR | Euro | 58.3684 | 59.5358 | ||
CHF | Swiss Franc | 59.8158 | 61.0121 | ||
CAD | Canadian Dollar | 40.7479 | 41.5629 | ||
AUD | Australian Dollar | 36.3245 | 37.051 | ||
SEK | Swedish Krona | 5.0101 | 5.1103 | ||
NOK | Norwegian Krone | 4.9601 | 5.0593 | ||
DKK | Danish Krone | 7.8363 | 7.993 | ||
DJF | Djiboutian Franc | 0.3047 | 0.3108 | ||
INR | Indian Rupee | 0.6587 | 0.6719 | ||
KSH | KSH | 0.3904 | 0.3982 | ||
JPY | Japanese Yen | 0.3891 | 0.3969 | ||
SAR | Saudi Riyal | 14.5054 | 14.7955 | ||
AED | United Arab Emirates Dirham | 14.8098 | 15.106 | ||
ZAR | South African Rand | 2.8707 | 2.9281 | ||
CNY | Chinese Yuan | 7.6301 | 7.7827 | ||
KWD | Kuwaiti Dinar | 176.8027 | 180.3388 |
About Debub Global Bank
Established in August 2012 with a subscribed capital of 267 Million Birr, Debub 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 Debub Global Bank
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 Debub Global Bank, 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 Debub Global Bank:
Premium Current Account
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 Debub Global Bank and its customer. Prior to the maturity, Debub Global Bank may allow the customer to withdraw the deposited amount, but with advance notice.
Loans & Advances at Debub Global Bank
There two types of mortgage loans, provided by Debub 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: Debub 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
Debub 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 Debub 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 Performa’s 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 Debub Global’s Bank, 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,
Debub Global Bank Online Services
Customer can conduct the following using Debub 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
One can apply to open an account directly on Debub Global Bank website.
Exchange Rate
Debub Global Bank and other banks’ exchange rates can be found here.
7.1
Debub Global Bank
Loan Interest
5.1
Mobile Banking
8
Internet Banking
6
Saving Interest
8.4
Customer Service
7
Diaspora Benefit
8