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

abyssinia

USD
132.2414
134.8862
,
GBP
174.5586
178.0498
,
EUR
149.7776
152.7732
,
AED
36.0105
36.7307
,
CHF
161.9216
165.16
,
SEK
13.8845
14.1622
,
NOK
13.175
13.4385
,
CAD
96.8518
98.7888
,
SAR
35.2597
35.9649
,
CNY
18.416
18.7843

abay

USD
132.2453
134.8902
,
GBP
179.7874
183.3832
,
EUR
153.4442
156.5131
,
AED
36.0067
36.7268
,
ZAR
7.4337
7.5824
,
SAR
35.2504
35.9554
,
JPY
0.922
0.9404
,
CHF
162.8636
166.1209
,
AUD
86.1842
87.9079
,
CNY
18.4275
18.7961

zemen

buna

USD
132.2524
134.8974
,
EUR
148.7074
151.6815
,
GBP
173.5644
177.0357
,
AED
35.7075
36.4217
,
SAR
34.1012
34.7832
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
131.9869
134.6267
,
GBP
178.084
181.6457
,
EUR
149.696
152.6899
,
CHF
160.023
163.2234
,
CAD
95.6878
97.6015
,
AED
35.9349
36.6536
,
SAR
35.1881
35.8918

berhan

USD
132.3117
134.9579
,
EUR
153.5213
156.5917
,
GBP
179.8778
183.4753
,
CAD
97.0454
98.9863
,
AED
36.0247
36.7452
,
CNY
18.4368
18.8055

wegagen

dgb

USD
132.0724
134.7138
,
EUR
148.5321
151.5027
,
GBP
167.2316
170.5762
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.8921
36.6099
,
CAD
79.1617
80.7449

enat

USD
131.9999
134.6398
,
EUR
149.5378
152.5286
,
GBP
173.5986
177.0706

ahadu

USD
132.2603
134.95
,
GBP
174.1091
177.5913
,
EUR
147.0413
149.9821
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

USD
132.4603
135.1095
,
EUR
149.9121
152.9103
,
GBP
176.8196
180.356
,
SAR
35.3171
36.0234
,
CHF
160.7918
164.0077
,
AED
36.0632
36.7845
,
KWD
0
0

dashen

USD
131.8746
134.5121
,
EUR
146.3808
149.3084
,
GBP
169.7623
173.1576
,
CAD
86.2457
87.9706
,
AED
32.4921
33.1419
,
SAR
31.8121
32.4484
,
CNY
16.5312
16.8618

oromia

USD
132.3112
134.9574
,
GBP
174.3332
177.8199
,
EUR
146.5876
149.5193
,
CHF
160.6109
163.8231
,
SAR
35.2773
35.9829
,
AED
36.0227
36.7431

lion

USD
132.335
134.9817
,
GBP
174.6382
178.131
,
EUR
150.0776
153.0792

developmentbank

USD
131.8409
134.4777
,
GBP
177.5897
181.1415
,
EUR
150.4173
153.4256
,
CHF
160.0399
163.2407
,
SEK
13.7121
13.9864
,
NOK
13.0176
13.2779
,
DKK
20.1659
20.5693
,
DJF
0.7384
0.7532
,
JPY
0.9076
0.9258
,
CAD
96.3397
98.2665
,
SAR
35.1519
35.855
,
AED
35.8946
36.6125
,
INR
1.5425
1.5734
,
KES
1.0189
1.0392
,
AUD
85.8021
87.5181
,
SDR
179.4355
183.0242
,
ZAR
7.4483
7.5973
,
CNY
18.3456
18.7125
,
KWD
430.3287
438.9353

coop

USD
131.8106
134.4978
,
GBP
168.331
171.6976
,
EUR
143.4649
146.3342
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

gadaa

USD
132.3432
134.9901
,
GBP
164.0356
167.3163
,
EUR
150.4273
153.4358
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1009
134.743
,
EUR
148.0245
150.985
,
GBP
173.278
176.7436
,
SAR
35.8412
36.558
,
AED
36.5963
37.3282

amhara

USD
132.998
135.658
,
GBP
179.7069
183.301
,
EUR
152.0832
155.1249
,
CAD
97.1923
99.1362
,
AED
36.2156
36.9399
,
SAR
35.4624
36.1716

tsehay

USD
131.5382
134.169
,
GBP
169.2591
172.6443
,
EUR
147.856
150.8131
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
132.2392
134.8839
,
EUR
153.4371
156.5058
,
GBP
179.7791
183.3747
,
AED
36.005
36.7251
,
CHF
162.8561
166.1132
,
SEK
14.0065
14.2866
,
NOK
13.2585
13.5237
,
DKK
20.5692
20.9805
,
DJF
0.7406
0.7554
,
INR
1.546
1.5769
,
JPY
0.9219
0.9404
,
CAD
96.9922
98.932
,
SAR
35.2487
35.9537
,
ZAR
7.4334
7.5821
,
CNY
18.4267
18.7952
,
KWD
432.2766
440.9221
,
KES
1.0219
1.0424

siinqee

USD
132.0996
134.7416
,
EUR
150.5593
153.5705
,
GBP
178.7073
182.2814
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
132.2
134.844
,
EUR
149.0078
151.988
,
GBP
171.2119
174.6361
,
CHF
148.0209
150.9813

gohbetoch

USD
132.2305
134.8751
,
EUR
148.8552
151.8323
,
GBP
174.4931
177.9078
,
AED
35.0447
35.7758

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
0.9296
0.9389
,
KWD
437.0664
441.4371
,
CNY
18.6464
18.8329
,
ZAR
7.5052
7.5802
,
XDR
182.3467
184.1702
,
EUR
152.6013
154.1273
,
AED
36.4948
36.8597
,
SAR
35.7387
36.0961
,
AUD
86.7833
87.6511
,
CAD
97.746
98.7235
,
USD
134.0489
134.1149
,
KES
1.0351
1.0662
,
INR
1.5601
1.5757
,
DJF
0.7508
0.7733
,
DKK
20.4614
20.666
,
NOK
13.2437
13.3762
,
SEK
13.9438
14.0833
,
CHF
162.7597
164.3873
,
GBP
181.2877
183.1006

binance

USDT
157.29
156.7

Gadaa Bank Review

Gadaa Bank

Gadaa Bank

7.8 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 selling Difference
Flag of USD

USD

($)

132.34
134.99

± 2.64

Flag of GBP

GBP

(£)

164.03
167.31

± 3.28

Flag of EUR

EUR

(€)

150.42
153.43

± 3.00

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

7.8

Gadaa Bank

Loan Interest

9.9

Mobile Banking

10

Internet Banking

10

Saving Interest

8.8

Customer Service

8.2

Diaspora Benefit

0

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