cbe

USD
56.8022
57.9382
,
GBP
67.5744
68.9259
,
EUR
60.4375
61.6463
,
CHF
59.5391
60.7299
,
SEK
4.695
4.7889
,
NOK
4.6818
4.7754
,
DKK
7.3318
7.4784
,
DJF
0.3181
0.3245
,
JPY
0.3324
0.339
,
CAD
37.2237
37.9682
,
SAR
13.7039
13.978
,
AED
13.9956
14.2755
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.0232
33.6837
,
SDR
,
ZAR
,
CNY
7.1006
7.2426
,
KWD
175.9743
179.4938

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

GBP
67.5744
68.9259
,
CHF
59.5391
60.7299
,
EUR
60.4375
61.6463
,
USD
56.8022
57.9382
,
CAD
37.2237
37.9682
,
AED
13.9956
14.2755
,
SAR
13.7039
13.978
,
SEK
4.695
4.7889
,
NOK
4.6818
4.7754

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.1592
41.9824
,
EUR
60.3636
61.5709
,
GBP
70.6939
72.1078
,
SEK
5.1874
5.2911
,
USD
56.7914
57.9272

buna

nib

GBP
67.5744
68.9259
,
EUR
60.4375
61.6463
,
CHF
59.5391
60.7299
,
USD
56.8022
57.9382
,
CAD
37.2237
37.9682
,
AED
13.9956
14.2755
,
SAR
13.7039
13.978

berhan

wegagen

USD
56.704
57.8381
,
GBP
68.416
69.7843
,
EURO
61.4501
62.6791
,
CAD
37.8361
38.5928
,
AUD
33.7923
34.4681
,
CHF
59.9428
61.1417
,
SEK
4.8272
4.9237
,
NOK
4.7926
4.8885
,
DKK
7.4566
7.6057
,
DJF
0.2862
0.324
,
INR
0.6803
0.6939
,
KSH
0.4345
0.4432
,
JPY
0.3389
0.3457
,
SAR
13.6809
13.9545
,
AED
13.9722
14.2516
,
ZAR
3.1723
3.2357
,
CNY
7.0934
7.2353
,
KWD
176.0871
179.6088

dgb

enat

USD
56.8022
57.9382
,
GBP
70.7585
72.1737
,
CHF
62.3446
63.5915
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.4648
15.7741
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

dashen

USD
56.8022
57.9382
,
GBP
67.5744
68.9259
,
CHF
59.5391
60.729882
,
SEK
4.695
4.7889
,
NOK
4.6818
4.775436
,
DKK
7.3318
7.478436
,
JPY
0.3324
0.339048
,
CAD
37.2237
37.9682
,
SAR
13.7039
13.977978
,
AED
13.9956
14.275512
,
EUR
60.4375
61.6463
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
33.0232
33.6837
,
ZAR
0
0
,
CNY
7.1006
7.2426
,
KWD
175.9743
179.4938
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.7914
57.9272
,
GBP
67.5127
68.863
,
EUR
60.3636
61.5709

coop

USD
56.7329
57.8676
,
GBP
71.9543
73.3934
,
EUR
61.6516
62.8846
,
SAR
15.1247
15.4272
,
AED
15.4472
15.7561

gadaa

USD
56.7914
57.9272
,
GBP
67.5127
68.863
,
EUR
60.3636
61.5709
,
AED
13.9945
14.2744
,
SAR
13.7012
13.9752
,
CHF
59.3909
60.5787

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

Tsedey Bank Review

Tsedey Bank

Tsedey Bank

6.6 Rating

7% Saving Interest

Muday bank

Door-to-door saving collectors

Muday bank,IFB

Agricultural input loans

Pros and Cons

invested on the rular community
well experienced in loan serivice
close to the communite problems
small number of brunches
un developed mobile Banking

Tsedey Bank Information

Contact Information

Diaspora Benefits

  • Diaspora saving account
  • Diaspora loan service
  • Diaspora interset free Banking

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 2%
  • Women Saving 1%
  • Youth Saving 1%
  • Teen Saving 1%
  • Education Saving 1%
  • Diaspora Fixed Time 1%

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.

About Tsedey Bank 

Tsedey Bank is a share company which started its journey in 1996 by providing credit services to the rural area of Ethiopia as part of a Governmental body. In 1997, the company made a transaction to a credit and saving institution with three million capital on a zone level operation by the name of Amhara Credit & Savings Institution (ACSI) as it has been revealed by the current Chief Corporate Property Manager of the Bank: Gashaw Workneh.

Amhara Credit and Saving Institution managed to get into the Banking sector and become one of the latest private banks in Ethiopia. The MFI made its second transaction with Tsedey Bank S.C in the month of September 2022. The name “Tsedey” indicates the spring season of Ethiopia, which happens to be a New-year welcoming season, where new hope and optimism fills the air and the land fully greens and blossoms.

Tesdey Bank started with an initial 11.3 billion birr registered capital, 7.75 billion birr signed capital, and 143 branches. Now the bank has total assets that amount to birr 45.6 billion and more than 500 branches which are mostly located in the Amhara region.

Services provided by Tsedey Bank 

Savings Account

Compulsory saving is one of the main services that Tesdey Bank has to offer. Customers prefer this service for many reasons; especially credit clients use the service and help themselves save for a self-financing strategy. On the other hand, the bank had an ongoing compulsory saving account which stopped according to customers feedback to it.

  • Piggy bank (Muday bank):- this type of saving is provided by Tsedey Bank so that customers can make savings day to day by using a small box that can be placed at their home. At the end of the month, the customer can submit their savings to their account through the nearby branch.
  • Door-to-door saving collectors:-  this unique  service is provided by Tsedey Bank through specific recruited workers who move door to door to business centers or customers’ residential places and practice saving mobilization.
  • Field-level saving collection (Mobile Banking):- Tesdey Bank is pilots the literal meaning of Mobile Banking, where customers can enhance their savings.

 

Tesdey Bank Loan Services

Today banks provide credit services to support customers who want to start a business from scratch, expand their investment, and /or acquire an asset. There are plenty of optional services provided for this matter.

  1. Group Loan

    This is a type of service where customers can get collateral-free loans by forming a group with 3-7 members. In reference to the purpose of the request and characters, the service is classified as:

    • Installment Loan:-customers who are involved in non-agricultural businesses and own a business with a low calculated risk can access this loan whereas the amount determines by the customer’s monthly Business cycle (cash flow) record.
    • End-Term Loan:- this is a credit provided for customers who are involved in the agriculture business, the loan is to help during the agricultural manufacturing cycles and activities like crop production, farm oxen purchasing, and so on, and after the production cycle is passed and turns for harvesting, the customers would repay their credit.
    • Household Asset Building Program (HABP) Loan:-is a type of service that stands to provide a loan for parts of the community who are under chronic food insecurity (CFI), the aim is to deliver a micro-credit along with packages of agricultural extension services including supports like preparation of Business plan and technical practices.
  2. Individual Business Loan

    Is provided for those who want a credit request that lies between what commercial banks and the micro finances offer. This means the loan is for individuals who already have a business or an asset and are in a better capital adequacy.

  3. Asset Loan

    Asset loan is a salary-based loan type that is provided for the purchase of house constructions, house maintenance, or for household purchasing. This service mainly aims to ease up the civic servants especially those working in the rural areas.

  4. Micro & Small Enterprises Loan

  5. Tsedey Bank started providing this service with the aim of minimizing unemployment and the number of unproductive young generation. This loan allows the unemployed youths, especially  those who allocated towns to start their own business and investments. The loans are to be differentiated through their amount and collateral alternative. In consideration of the high possibility that customers might not be able to provide material collateral to access the loan, individuals, groups and the government can be held as a guarantee.
  6. Energy Supply Technologies Loan

    Tsedey Bank increasingly provides financial support while the regional government implements poverty alleviation policies and strategies in the region. Among poverty alleviation policies, the government has increasingly worked to supply alternative energies for farmers to enhance sustainable bio-gaze and sustainable energy development activities in the region. To realize this program, the bank supports the government in providing loan for farmers. This enables Tsedey  Bank to be one of the institutions that support the government’s zero percent carbon emission targets by 2025.

  7. Agricultural Inputs Loan

    Agricultural input loans were previously facilitated by the government, under the National Bank of Ethiopia agricultural and cooperatives extension agency bureau, working to modernize the farming system in regions. The government started facing difficulties to collect the repayment on time; hence, Tsedey Bank made an agreement with the Bureau. The bank started providing loan and collecting the repayment since 2006 E.C and serving  the government as its major agricultural inputs provider and inputs sales agent of the region.

Interest-Free Banking

Tsedey Bank provids Interest-free Banking services  for people who would like to issue their savings and Banking without any interest being acquired, especially for the Islamic population. This service has different rules, regulations and categories.

  1. Financing Products
    • Murabahah
    • Istisna
    • Salam
    • Qard
  2. Saving/Deposit Products
    • With/Safekeeping/ accounts
      • Wadiah saving account
      • Wadiah current account
    • Unrestricted Mudarabah investment accounts
      • Mudharabah saving account
      • Mudarabah fixed-time investment accounts
    • Foreign currency deposit accounts
      • FYC Wadiah saving account
      • FYC Wadiah’s current account

Tsedey Bank also has a correspondent account in a cooperation with the known CAC International Bank, which is located in Djibouti. This account allows border-cross merchants to transfer their products easily.

Contact Information

Tsedey Bank phone number: +251-115-584-789

Tsedey Bank email address: [email protected]

SWIFT: TSDYETAA

Tsedey Bank Head Quarter Building: Legehar, Ras Mekonen Ave, Addis Ababa, Ethiopia

Tsedey Bank Website: tsedeybank-sc.com

6.6

Tsedey Bank

Loan Interest

9.9

Mobile Banking

8

Internet Banking

6

Saving Interest

5.7

Customer Service

2

Diaspora Benefit

8

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