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
133.6519
136.3249
,
GBP
180.4378
184.0466
,
EUR
153.9701
157.0495
,
JPY
0.7905
0.8063
,
SAR
32.1647
32.808
,
AED
32.8522
33.5092
,
CAD
87.2003
88.9443
,
CHF
144.9619
147.8611
,
NOK
10.8368
11.0535
,
DKK
17.5364
17.8871
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

abay

USD
132.9817
135.6413
,
GBP
180.9215
184.54
,
EUR
154.2986
157.3846
,
AED
36.2052
36.9293
,
ZAR
7.4811
7.6308
,
SAR
35.4561
36.1652
,
JPY
0.9125
0.9308
,
CHF
164.8669
168.1643
,
AUD
86.345
88.0719
,
CNY
18.5371
18.9079

zemen

CAD
98.2283
100.1929
,
EUR
154.0162
157.0965
,
GBP
173.9501
177.4291
,
SEK
14.1281
14.4107
,
USD
133.6621
136.3353

buna

USD
133.4099
136.0781
,
EUR
153.8584
156.9356
,
GBP
178.2021
181.7661
,
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
133.0428
135.7037
,
GBP
182.6013
186.2533
,
EUR
155.833
158.9497
,
CHF
166.5742
169.9057
,
CAD
97.403
99.3511
,
AED
36.2238
36.9482
,
SAR
35.4724
36.1818

berhan

USD
132.4685
135.1179
,
EUR
148.7035
151.6776
,
GBP
181.813
185.4493
,
CAD
96.9826
98.9222
,
AED
36.0674
36.7888
,
CNY
18.4705
18.8399

wegagen

USD
133.3859
136.0536
,
GBP
183.2989
186.9649
,
EUR
157.1954
160.3393
,
CHF
168.3463
171.7134
,
SEK
14.1122
14.3945
,
CNY
18.6208
18.9932
,
JPY
0.9337
0.9524
,
AED
36.3211
37.0475

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
132.7105
135.3647
,
EUR
149.675
152.6685
,
GBP
174.0506
177.5316

ahadu

USD
133.0883
135.7501
,
GBP
174.1091
177.5913
,
EUR
147.0413
149.9821
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
133.6768
136.3503
,
EUR
155.7559
158.871
,
GBP
180.6135
184.2258
,
SAR
35.6414
36.3543
,
CHF
167.368
170.7153
,
AED
36.3964
37.1244
,
KWD
0
0

dashen

USD
133.9746
136.6541
,
EUR
155.4105
158.5187
,
GBP
180.8657
184.483
,
CAD
87.6191
89.3715
,
AED
33.0095
33.6697
,
SAR
32.3187
32.9651
,
CNY
16.7944
17.1303

oromia

USD
133.9745
136.654
,
GBP
176.5248
180.0553
,
EUR
148.4303
151.399
,
CHF
167.3008
170.6468
,
SAR
35.7218
36.4362
,
AED
36.4765
36.37

lion

USD
133.6776
136.3512
,
GBP
178.836
182.4127
,
EUR
153.4335
156.5022

developmentbank

USD
132.3534
135.0005
,
GBP
181.655
185.2881
,
EUR
155.0255
158.126
,
CHF
165.711
169.0253
,
SEK
13.9634
14.2427
,
NOK
13.139
13.4018
,
DKK
20.7786
21.1942
,
DJF
0.7413
0.7561
,
JPY
0.9158
0.9341
,
CAD
96.8983
98.8363
,
SAR
35.2886
35.9944
,
AED
36.0361
36.7568
,
INR
1.5474
1.5784
,
KES
1.022
1.0425
,
AUD
86.4929
88.2228
,
SDR
181.8139
185.4501
,
ZAR
7.3926
7.5404
,
CNY
18.4544
18.8235
,
KWD
432.6236
441.276

coop

USD
132.3606
135.0078
,
GBP
168.331
171.6976
,
EUR
143.4649
146.3342
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

gadaa

hijra

USD
132.1301
134.7727
,
EUR
148.063
151.0242
,
GBP
173.3231
176.7895
,
SAR
35.8505
36.5675
,
AED
36.6058
37.3379

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
132.8509
135.5079
,
GBP
169.2591
172.6443
,
EUR
148.836
151.8127
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
133.6052
136.2773
,
EUR
156.612
159.7442
,
GBP
182.9856
186.6454
,
AED
36.3769
37.1045
,
CHF
167.551
170.902
,
SEK
14.0602
14.3414
,
NOK
13.2225
13.4869
,
DKK
20.9926
21.4124
,
DJF
0.7483
0.7632
,
INR
1.5566
1.5878
,
JPY
0.9264
0.9449
,
CAD
97.686
99.6397
,
SAR
35.6223
36.3348
,
ZAR
7.5205
7.6709
,
CNY
18.649
19.022
,
KWD
436.9023
445.6403
,
KES
1.0317
1.0523

siinqee

USD
132.7897
135.4455
,
EUR
152.015
155.0553
,
GBP
178.7173
182.2916
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
133.2001
135.8641
,
GBP
175.1027
178.6048
,
EUR
156.0173
159.1376
,
AED
36.2666
36.9919
,
CAD
97.5182
99.4686
,
CNH
18.5725
18.944
,
CHF
148.0209
150.9813

gohbetoch

USD
133.6305
136.3031
,
EUR
151.299
154.325
,
GBP
176.6057
180.2482
,
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
0.9361
0.9454
,
KWD
442.2143
446.6364
,
CNY
18.8636
19.0522
,
ZAR
7.5564
7.632
,
XDR
185.8444
187.7029
,
EUR
158.4622
160.0469
,
AED
36.835
37.2033
,
SAR
36.0709
36.4316
,
AUD
88.4104
89.2945
,
CAD
99.0464
100.0369
,
USD
135.2875
135.4483
,
KES
1.0447
1.076
,
INR
1.5817
1.5976
,
DJF
0.7577
0.7804
,
DKK
21.2392
21.4516
,
NOK
13.4303
13.5646
,
SEK
14.2729
14.4157
,
CHF
169.3846
171.0785
,
GBP
185.6821
187.5389

binance

USDT
159.45
158.75

Tsedey Bank Review

Tsedey Bank

Tsedey Bank

6.5 Rating

16% Loan Interest

Muday bank

Door-to-door saving collectors

Muday bank,IFB

Agricultural input loans

Written by: abenezer   Proof Read by:  abenezer

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.

Tsedey Bank Exchange Rate

The exchange rate for Tsedey Bank can also be found at our exchange rates page, along with all other banks’ exchange rates in Ethiopia today.

code buying sellingDifference
Flag of USD

USD

($)

133.60
136.27

± 2.67

Flag of EUR

EUR

(€)

156.61
159.74

± 3.13

Flag of GBP

GBP

(£)

182.98
186.64

± 3.65

Flag of AED

AED

(د.إ)

36.37
37.10

± 0.72

Flag of CHF

CHF

(CHF)

167.55
170.90

± 3.35

Flag of SEK

SEK

(kr)

14.06
14.34

± 0.28

Flag of NOK

NOK

(kr)

13.22
13.48

± 0.26

Flag of DKK

DKK

(kr)

20.99
21.41

± 0.41

Flag of DJF

DJF

(Fdj)

0.74
0.76

± 0.01

Flag of INR

INR

(₹)

1.55
1.58

± 0.03

Flag of JPY

JPY

(¥)

0.92
0.94

± 0.01

Flag of CAD

CAD

($)

97.68
99.63

± 1.95

Flag of SAR

SAR

(ر.س)

35.62
36.33

± 0.71

Flag of ZAR

ZAR

(R)

7.52
7.67

± 0.15

Flag of CNY

CNY

(¥)

18.64
19.02

± 0.37

Flag of KWD

KWD

(د.ك)

436.90
445.64

± 8.73

Flag of KES

KES

(KSh)

1.03
1.05

± 0.02

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

6.5

Tsedey Bank

Loan Interest

9.5

Mobile Banking

8

Internet Banking

6

Saving Interest

5.7

Customer Service

2

Diaspora Benefit

8

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