Hibret Bank Review
Hiber Shebamile Card
Hiber Agent Banking
Pros and Cons
Good customer service
Number of branches
400 number of brunches
Poor internet banking
Online service availibility
Hibret Bank Information
- SWIFT UNTDETAA
- Diaspora Deposit accounts
- Automobile Loan
- Mortgage Loan
- Working Capital Loan
- Consumer Loan
- Can Check Balance
- Can Transfer Money
- View Account Statement
- Can Control Progress
- Can Pay Bills Online
- Mobile Application
- Balance Inquery
- USSD Application
- Mobile Top Up
- Money Transfer
- Personal Autombile Loan 15.5
- Diaspora Mortgage Loan 7
- Corporate Loan 15
- Investment Loan 15
- Working Capital Loan 15
- Personal Saving 7%
- Women Saving 7.5%
- Youth Saving 7.5%
Hibret/United Bank Ethiopia
United Bank S.C. also known as Hibret Bank began its operation in 1998 in accordance with the Commercial Code of Ethiopia of 1960. Over the years United Bank of Ethiopia built itself into an escalating and modern banking institution, growing with a strong financial structure and strong management, as well as a large and ever-increasing customer and correspondent base.
Today, United Bank of Ethiopia is a full-service bank that offers its customers a wide range of commercial banking services with a network of more than 339 branches and 9 sub-branches.
United Bank’s priority is to strengthen its capital base, maximizing its return on equity and benefiting from the latest technology in order to keep alongside with the latest developments in the local and international financial services industry.
Services Provided by United Bank
Hibir Diaspora service was recently introduced, a service designed to suit the needs of the Diaspora community. It includes service package, among others, deposit and loan services, for those Ethiopian Nationals or Foreign Nationals of Ethiopia Origin, who are living and working abroad for more than one year.
Please see the list of our selected banks with the best benefits for the diaspora community here Best Ethiopian diaspora accounts and benefits.
Foreign Currency Accounts
The bank provides a foreign currency account that enables Ethiopians residing abroad, foreigners of Ethiopian origin, and other foreign nationals to benefit from depositing their money in foreign currency.
The Bank is currently providing Shariah-compliant deposit and financing products.
IFB deposit products include
- Wadi’ah Saving Account
- Wadi’ah Current Account
- Mudarabah Investment Saving Account
- Mudarabah Investment Term Deposit
Among other things, the interest-free banking business majorly concentrates on the following major Shariah principles.
- Prohibition of Riba/Interest/usury
- Transactions should be free from Excessive uncertainty and Gambling /Gharar and Mysir/
- Avoiding trading in unlawful/Haram goods- Alcohol, tobacco, pork…etc
- Risk-sharing/profit-loss sharing and Justice and equity-based transactions
The Bank has more services to provide under IFB, click here to find out more information.
Hibret /United Bank Exchange Rate
The bank provides foreign currency exchange services at its branches and forex bureaus. The bank handles Foreign Exchange deal with legal sellers or buyers within the NBE directives and in compliance with Anti Money Laundering rules.
This is a pioneer Bank in the country to provide SMS and Internet Banking services to customers(Hibret bank mobile banking ussd code). Hibir Mobile and Hibir Online Banking services(Hibret bank app) are a 24 hours link to account information with a view of all banking transactions that enables customers to access details on dealings regarding current, saving and overdraft accounts, loan particulars, Letter of Credit, Checkbook status, exchange rate value of foreign currencies and many other relevant details to keep of all customer’s financial demands, 24/7.
Hibret is among the few banks that provide Card Banking Services through ATM & POS. Hibret Bank provides money to send/receive service on ATM. The Bank has also has started rendering MASTERCARD Card and VISA services and has also finalized arrangements to start offering China Union Pay card service soon.
The Ethiopian finance minister has announced that the required criteria which for establishment of new Banks in Ethiopia will face some changes
Awash Bank had a closing ceremony held for the entrepreneurship competition called “tatariwochu” competition has been going on for a year
The member countries of BRICS met in Cape Town, South Africa, and focus on creating an additional currency for world trade other than the dollar