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
134.4412
137.13
,
GBP
183.2801
186.9457
,
EUR
158.0009
161.1609
,
JPY
0.7951
0.811
,
SAR
32.3526
32.9997
,
AED
33.044
33.7049
,
CAD
87.7096
89.4638
,
CHF
145.8086
148.7248
,
NOK
10.9003
11.1183
,
DKK
17.6388
17.9916
,
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
134.6599
137.3531
,
GBP
184.8746
188.5721
,
EUR
157.7541
160.9092
,
CAD
98.6086
100.5808
,
AED
36.6691
37.4025
,
SAR
35.9055
36.6236

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

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
160.2
159.61

Gadaa Bank Review

Gadaa Bank

Gadaa Bank

7.7 Rating

15% Loan Interest

COMUNITY BANKING

Ienternet free Banking

90% youth share holders

Community Banking

youth generation inclusive

Written by: abenezer   Proof Read by:  abenezer

Pros and Cons

focuse on the youth generarion
several Internet free Banking options
30+ number of branchs

Gadaa Bank Information

Contact Information

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

Saving Interest

  • Personal Saving 7%
  • Women Saving 7%
  • Youth Saving 7%
  • Teen Saving 7%
  • Education Saving 7%
  • Diaspora Fixed Time 7%

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

($)

135.08
137.79

± 2.70

Flag of GBP

GBP

(£)

165.89
169.21

± 3.31

Flag of EUR

EUR

(€)

158.11
161.27

± 3.16

Flag of AED

AED

(د.إ)

33.76
34.44

± 0.67

Flag of SAR

SAR

(ر.س)

33.00
33.66

± 0.66

Flag of CHF

CHF

(CHF)

134.14
136.82

± 2.68


About Gadaa Bank 

Gadaa Bank is one of the upcoming private banks which has earned its license on 26th April 2022 to join the Ethiopian banking business. Gadaa Bank capital raise was 600 million Br in paid-up during its establishment. And has recorded over ETB 1.167 billion Br in subscribed capital from over 30,000 of its shareholders.

The Bank’s focus of work is on the transformation of the medium and low-income sections of society. Gadaa Bank stands to serve the undiscovered or unrecognized groups in the financial and Banking sectors yet which hold the majority part of the Ethiopian population pastorals, farmers, women who do not have access to financial services, young entrepreneurs (including college graduates and role students ) and in particular to loan types that suit their contexts.

Gadaa Bank has its founding shareholders meeting in August 2021. the Bank has its most satirical management appointed at this meeting in the presence of Oromia Regional State president Shimelis Abdissa, senior officials, Enterprises, and other business entities the Bank chooses its eleven board of directors and a CEO as a leader of the company on this ceremony. The bank has been established with more than subscribed capital. The shareholders are mainly youth residing both in the country and overseas. Gada Bank branches through the city and the surrounding.

Credit History: Gadaa Bank was established in 2012 and is a private commercial bank in Ethiopia. As per the Financial Stability Report, Gadaa Bank has a relatively small size compared to other banks in the country.

  • Gadaa Bank is one of the smaller banks in Ethiopia, with a total asset size of around 13.6 billion ETB (Ethiopian Birr) as of 2023.
  • The bank’s non-performing loan (NPL) ratio was around 7.3% as of 2023, which is higher than the industry average.
  • Gadaa Bank has been actively engaged in expanding its branch network and increasing its lending activities in recent years.

The bank has also been investing in technology and staff development to enhance its risk management and compliance practices.

Services provided by Gadaa Bank

  -Conventional Banking

  -Savings Accounts:

this is a regular saving account that is accessible to all eligible customers.

  -Demand Accounts /Current Accounts:

It is a type of account where money can be withdrawn without notice, typically for an active account with frequent deposits and withdrawals by Cheque.

  -Time Deposit:

is a higher interest-bearing deposit account with a stated maturity date which means the customer who is in use of this account will receive the high-rated amount of interest if the deposited money is held as it were for the agreed time along with the Bank.

  -Personal loan and business loan

Loan Options:

  1. Term Loan: Gadaa Bank offers term loans with a tenure of 6-36 months for business purposes. The loan amount ranges from ETB 10,000 to ETB 500,000.
  2. Working Capital Loan: This loan is designed for businesses that need short-term funding to meet their working capital requirements. The loan tenure is up to 12 months, and the loan amount ranges from ETB 5,000 to ETB 200,000.
  3. Consumer Loan: Gadaa Bank offers consumer loans for personal purposes such as buying goods, education, or healthcare expenses. The loan tenure is up to 36 months, and the loan amount ranges from ETB 10,000 to ETB 200,000.
  4. Agricultural Loan: This loan is designed for farmers and agricultural businesses. The loan tenure is up to 24 months, and the loan amount ranges from ETB 10,000 to ETB 500,000.

Fees:

  1. Interest Rate: The interest rate for Gadaa Bank’s loans ranges from 15% to 30% per annum, depending on the type of loan and the customer’s creditworthiness.
  2. Processing Fee: A one-time processing fee of 2% of the loan amount is charged for all loan types.
  3. Late Payment Fee: A late payment fee of 5% of the outstanding balance is charged if the customer fails to make timely payments.
  4. Collateral Charges: For some loan types, such as agricultural loans, collateral charges may apply.
  5. Documentation Fee: A documentation fee of ETB 500-ETB 1,000 may be charged depending on the complexity of the documentation process.

  -Interest-free Banking

Gadaa Bank provides different IFBs for customers who require this service, especially for the wide Islamic population, accounts like:-

  • Wadia Saving account (interest-free version of Conventional Banking )
  • Qard Current Accounts(interest-free version of Demand Accounts)
  • FCY Deposit Products
  • Labbaik Saving Accounts
  • Mudarabah Term deposits
  • Mudarabah Saving Account

  -International Banking

  • Forex Service: Gadaa Bank provides a daily exchange system
  • International Money Transfer: payments and transactions from across the world are operated through this system
  • Trade Finance: services provided for import and export trades
  • Foreign Currency Deposit products: this service allows the customer to receive their foreign transfers in foreign currency form which is a chance to use the daily currency exchange fever
  • Correspondent Banks: service to provide transfers from another part of the world

  -Community bank

Gadaa Bank provides community Bank services for customers who own small businesses or individuals who make their residence in areas where there is no banking or network is on access, this service is provided to make part of the population who may not be qualified to get loans from banks to grow their business or lead there life through inclusive on the legal Banking system and positively fasten this area’s growth. this system is applied with a limited number of Branches that serves the nearby local people as a start. Banking is mainly focused on providing traditional functions like accepting customer deposits and providing credit lines, mortgages, and business loans.

Gadaa Bank Digital Banking

Gadaa Bank provides the latest digital Banking services to ease customers day to day life activities, services like:- ATM cards, USSD, Mobile Apps, and Point-of-Sale (mPOS). In addition to these, there are third-party service providers and agents across the areas read to provide customer’s need.

We aim to deliver a digital banking service to the end customer; enabling them to access aggregated services at their convenience using Internet banking, mobile social media, and from their banks, mobile operators, third-party service providers, and merchants/agents at a single point of service.

for further more information and to get access to online banking service you may visit Gadaa Bank website

www.gadaabank.com

Contact Information

Head Office:

Gadaa Bank S.C. P.O. Box 11737 Addis Ababa, Ethiopia

Phone Numbers:

  • Head Office: +251 115 55 55 55
  • Customer Service: +251 115 55 55 00
  • Corporate Banking: +251 115 55 55 01
  • Branches and ATMs: +251 115 55 55 02

Email:

Social Media:

  • Facebook: @GadaaBank
  • Twitter: @GadaaBank
  • LinkedIn: Gadaa Bank

7.7

Gadaa Bank

Loan Interest

9.5

Mobile Banking

10

Internet Banking

10

Saving Interest

8.8

Customer Service

8.2

Diaspora Benefit

0

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