cbe

USD
57.4395
58.5883
,
GBP
71.4592
72.8884
,
EUR
62.7929
64.0488
,
CHF
61.7733
63.0088
,
SEK
4.9426
5.0415
,
NOK
4.8382
4.935
,
DKK
7.6177
7.7701
,
DJF
,
JPY
0.3318
0.3384
,
CAD
38.0352
38.7959
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
35.0416
35.7424
,
SDR
,
ZAR
,
CNY
7.1607
7.3039
,
KWD
179.4572
183.0463

awash

USD
57.4395
58.5883
,
EUR
62.7929
64.0488
,
GBP
71.4592
72.8884
,
CHF
61.7733
63.0088
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353
,
CAD
38.0352
38.7959

abyssinia

GBP
71.4592
72.8884
,
CHF
61.7733
63.0088
,
EUR
62.7929
64.0488
,
USD
57.4395
58.5883
,
CAD
38.0352
38.7959
,
AED
14.1523
14.4353
,
SAR
13.8591
14.1363
,
SEK
4.9426
5.0415
,
NOK
4.8382
4.935

abay

USD
55.8018
56.9178
,
EUR
60.0874
61.2891
,
GBP
70.1819
71.5855
,
CHF
63.3607
64.6279
,
AUD
36.5948
37.3267
,
AED
15.1953
15.4992
,
CNY
7.775
7.9305
,
DKK
8.059
8.2202
,
DJF
0.3125
0.3188
,
INR
0.6691
0.6825
,
JPY
0.3816
0.3892
,
KES
0.3636
0.3709
,
NOK
5.1001
5.2021
,
SAR
14.8773
15.1748
,
ZAR
2.919
2.9774
,
SEK
5.3255
5.432
,
SDR
74.1829
75.6666

zemen

CAD
42.1542
42.9973
,
EUR
62.5113
63.7615
,
GBP
74.3797
75.8673
,
SEK
5.4388
5.5476
,
USD
57.4183
58.5667

buna

nib

GBP
71.4592
72.8884
,
EUR
62.7929
64.0488
,
CHF
61.7733
63.0088
,
USD
57.4395
58.5883
,
CAD
38.0352
38.7959
,
AED
14.1523
14.4353
,
SAR
13.8591
14.1363

berhan

wegagen

USD
57.212
58.3562
,
GBP
69.2475
70.6325
,
EURO
61.1024
62.3244
,
CAD
37.593
38.3449
,
AUD
34.1883
34.8721
,
CHF
61.2047
62.4288
,
SEK
4.901
4.999
,
NOK
4.8468
4.9437
,
DKK
7.4131
7.5614
,
DJF
0.2862
0.3268
,
INR
0.6848
0.6985
,
KSH
0.4418
0.4506
,
JPY
0.329
0.3356
,
SAR
13.7998
14.0758
,
AED
14.0958
14.3777
,
ZAR
3.1723
3.2357
,
CNY
7.1366
7.2793
,
KWD
178.0416
181.6024

dgb

USD
57.3597
58.5069
,
GBP
72.864
74.3213
,
EUR
61.7248
62.9593
,
CHF
63.4931
64.763
,
CAD
41.9265
42.765

enat

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
CHF
64.4819
65.7715
,
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
15.5162
15.8261
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

USD
57.4395
58.0139
,
GBP
74.8264
74.8552
,
CHF
64.6841
64.7133
,
SEK
5.4614
5.4629
,
NOK
5.3461
5.3473
,
DKK
8.4174
8.418
,
DJF
0.3217
0.3235
,
INR
0.6874
0.6878
,
KES
0.4393
0.4427
,
JPY
0.3667
0.3667
,
CAD
42.0279
42.031
,
AUD
38.72
38.7487
,
SAR
15.3139
15.3147
,
AED
15.6379
15.6387
,
EUR
62.7929
62.7986
,
XDR
76.1763
76.1763
,
ZAR
3.1622
3.1629
,
CNY
7.9124
7.9144
,
KWD
187.9133
188.0339

dashen

USD
57.4395
58.5883
,
GBP
71.4592
72.8884
,
CHF
61.7733
63.0088
,
SEK
4.9426
5.0415
,
NOK
4.8382
4.935
,
DKK
7.6177
7.7701
,
JPY
0.3318
0.3384
,
CAD
38.0352
38.7959
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353
,
EUR
62.7929
64.0488
,
DJF
,
INR
,
KES
,
AUD
35.0416
35.7424
,
ZAR
,
CNY
7.1607
7.3039
,
KWD
179.4572
183.0463
,
AED

oromia

USD
57.4344
58.5831
,
GBP
74.4809
75.9705
,
EUR
62.6035
63.8556
,
CHF
64.1367
65.4194
,
SAR
15.3126
15.6189
,
AED
15.6365
15.9492

lion

coop

USD
57.4344
58.5831
,
GBP
74.4809
75.9705
,
EUR
62.6035
63.8556
,
SAR
15.3126
15.6189
,
AED
15.6365
15.9492

gadaa

USD
57.3701
58.5175
,
GBP
69.8498
71.2468
,
EUR
61.9425
63.1814
,
AED
14.1352
14.4179
,
SAR
13.8402
14.117
,
CHF
60.8558
62.0729

hijra

EUR
48
45
,
USD
52.46
62.82
,
GBP
96.55
101.88
,
AED
59.75
63.41
,
KWD
30
25
,
SAR
23
20

amhara

tsehay

USD
57.4395
58.5883
,
GBP
71.4592
72.8884
,
EUR
62.7929
64.0488
,
CAD
38.0352
38.7959
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353

tsedey

USD
57.4395
58.5883
,
EUR
62.7929
64.0488
,
GBP
71.4592
72.8884
,
AED
14.1523
14.4353

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 name buying buyingTrend selling sellingTrend
USD United States Dollar 57.4395 58.5883
EUR Euro 62.7929 64.0488
GBP British Pound Sterling 71.4592 72.8884
AED United Arab Emirates Dirham 14.1523 14.4353

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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