cbe

awash

USD
124.024
126.5045
,
EUR
134.4789
137.1685
,
GBP
152.4713
155.5208
,
CHF
134.8392
137.536
,
SAR
29.9183
30.5166
,
AED
30.5582
31.1694
,
CAD
81.1115
82.7337

abyssinia

abay

USD
124.695
127.1889
,
GBP
159.2356
162.4203
,
EUR
131.9772
134.6168
,
AED
33.9454
34.6243
,
ZAR
6.9072
7.0454
,
SAR
33.183
33.8466
,
JPY
0.8283
0.8449
,
CHF
142.281
145.1266
,
AUD
80.8293
81.6299
,
CNY
17.1647
17.508

zemen

CAD
87.5661
89.3174
,
EUR
134.7652
137.4605
,
GBP
157.7083
160.8625
,
SEK
11.3101
11.5363
,
USD
124.0138
126.4941

buna

USD
124.0001
126.4801
,
EUR
131.2601
133.8853
,
GBP
148.3036
151.2697
,
AED
33.3801
34.0477
,
SAR
32.6651
33.3184
,
CAD
71.2526
72.6777
,
AUD
64.239
65.5238
,
JPY
0.6597
0.6729

nib

USD
122.8822
125.3399
,
GBP
156.2195
159.3439
,
EUR
129.486
132.0758
,
CHF
139.3934
142.1813
,
CAD
87.3084
89.0546
,
AED
33.4551
34.1242
,
SAR
32.7036
33.3577

berhan

USD
124.6446
127.1375
,
EUR
135.2251
137.9296
,
GBP
158.5729
161.7443
,
CAD
88.6456
90.4185
,
AED
33.9326
34.6112
,
CNY
17.15
17.493

wegagen

USD
124.7169
127.2112
,
GBP
158.6648
161.8381
,
EUR
131.4017
134.0298
,
CHF
141.7033
144.5374
,
SEK
11.4116
11.6398
,
JPY
0.8356
0.8523
,
CNY
17.1361
17.4788

dgb

USD
122.8476
125.3046
,
EUR
132.8785
135.5361
,
GBP
150.2224
153.2268
,
CHF
130.5811
133.1927
,
SAR
29.8918
30.4896
,
AED
36.6611
37.3943
,
CAD
79.0163
80.5966

enat

USD
124.7634
127.2587
,
GBP
157.0456
160.1865
,
EUR
135.9421
138.6609
,
AED
33.8283
34.5049
,
CAD
88.7716
90.547

ahadu

USD
124.0196
126.5
,
GBP
154.3672
157.4545
,
EUR
130.5387
133.1495
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

EUR
130.6554
133.2685
,
GBP
156.3711
159.4986
,
USD
124.3508
126.8378
,
CHF
140.2716
143.0771
,
JPY
0.8083
0.8244

dashen

USD
124.7171
127.2114
,
EUR
135.2309
137.9355
,
GBP
153.3237
156.3902
,
CAD
81.5647
83.196
,
AED
30.7286
31.3431
,
SAR
30.0855
30.6872
,
CNY
15.634
15.9466

oromia

USD
124.7099
127.2041
,
GBP
159.2545
162.4396
,
EUR
131.993
134.6328
,
CHF
141.0586
143.8797
,
SAR
33.1852
33.8489
,
AED
33.9504
34.6294

lion

USD
124.266
126.7513
,
GBP
153.673
156.7465
,
EUR
132.3433
134.9902

developmentbank

USD
124.1197
126.6021
,
GBP
157.9051
161.0632
,
EUR
130.7725
133.388
,
CHF
140.391
143.1988
,
SEK
11.353
11.58
,
NOK
11.2135
11.4377
,
DKK
17.535
17.8857
,
DJF
0.6952
0.7091
,
JPY
0.825
0.8415
,
CAD
88.2723
90.0378
,
SAR
33.0281
33.6887
,
AED
33.7897
34.4655
,
INR
1.4652
1.4945
,
KES
0.9585
0.9776
,
AUD
79.8214
81.4178
,
SDR
163.0436
166.3045
,
ZAR
6.8712
7.0086
,
CNY
17.0778
17.4194
,
KWD
403.6993
411.7733

coop

EUR
135
137.7
,
AED
32.9933
33.6532
,
SAR
32.2668
32.9121
,
USD
124.7052
127.1993
,
GBP
132.0225
134.6629

gadaa

USD
124.6851
127.1788
,
GBP
148.8061
151.7822
,
EUR
135.9636
138.6829
,
AED
30.607
31.2191
,
SAR
29.9522
30.5512
,
CHF
127.1777
129.7213

hijra

USD
123.4056
125.8737
,
EUR
131.7825
134.4182
,
GBP
152.8358
155.8925
,
SAR
33.0781
33.7396
,
AED
33.8292
34.5058

amhara

USD
124.73
127.2246
,
GBP
157.8708
161.0282
,
EUR
131.191
133.8148
,
CAD
88.858
90.6352
,
AED
33.9595
34.6387
,
SAR
33.1994
33.8633

tsehay

USD
123.4721
125.9415
,
GBP
151.0061
154.0263
,
EUR
129.998
132.598
,
CAD
86.0807
87.8023
,
SAR
32.6661
33.3194
,
AED
33.3811
34.0487
,
AED

tsedey

USD
124.7284
127.223
,
EUR
129.9297
132.5283
,
GBP
153.2834
156.3491
,
AED
33.96
34.6392

siinqee

USD
123.0516
125.5126
,
EUR
135.9799
138.6995
,
GBP
157.5902
160.742
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
32.7831
33.4388

hibret

USD
124
126.48
,
EUR
130.6464
133.2593
,
GBP
157.7528
160.9079
,
CHF
140.2556
143.0607

gohbetoch

USD
124.8705
127.3679
,
EUR
129.5533
132.1444
,
GBP
151.1518
154.1748
,
AED
31.0391
31.6599

sidama

USD
123.4356
125.9043
,
GBP
156.4423
159.5711
,
EUR
130.0522
132.6533
,
CHF
139.6213
142.4137
,
KWD
409.5043
401.4747
,
CNY
16.9841
87.7865
,
AED
16.9841
87.7865
,
CAD
33.6073
34.2794

nbe

USD
116.9739
123.6307
,
GBP
156.593
158.1589
,
CHF
138.3488
139.7323
,
SEK
11.5545
11.67
,
NOK
11.2109
11.3231
,
DKK
17.5006
17.6756
,
DJF
0.6551
0.6748
,
INR
1.3989
1.4129
,
KES
0.9033
0.9304
,
JPY
0.8144
0.8226
,
CAD
86.879
87.7478
,
AUD
80.4663
81.271
,
SAR
31.1764
31.4882
,
AED
31.8452
32.1637
,
EUR
130.4844
131.7892
,
XDR
157.9966
159.5766
,
ZAR
6.7497
6.8172
,
CNY
16.6345
16.8009
,
KWD
382.7503
386.5778

binance

USDT
139.34
138.65

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

($)

124.68
127.17

± 2.49

Flag of GBP

GBP

(£)

148.80
151.78

± 2.97

Flag of EUR

EUR

(€)

135.96
138.68

± 2.71

Flag of AED

AED

(د.إ)

30.60
31.21

± 0.61

Flag of SAR

SAR

(ر.س)

29.95
30.55

± 0.59

Flag of CHF

CHF

(CHF)

127.17
129.72

± 2.54


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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