cbe

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
EUR
58.7184
59.8928
,
CHF
57.9363
59.095
,
SEK
4.5316
4.6222
,
NOK
4.6506
4.7436
,
DKK
7.1279
7.2705
,
DJF
0.3092
0.3154
,
JPY
0.3362
0.3429
,
CAD
37.1227
37.8652
,
SAR
13.3203
13.5867
,
AED
13.6031
13.8752
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
32.1139
32.7562
,
SDR
,
ZAR
,
CNY
6.8347
6.9714
,
KWD
170.5482
173.9592

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

abay

USD
55.2124
56.3166
,
EUR
58.7184
59.8928
,
GBP
67.5358
68.8865
,
CHF
60.6663
61.8796
,
AUD
35.485
36.1947
,
AED
15.0311
15.3317
,
CNY
7.5522
7.7032
,
DKK
7.8761
8.0336
,
DJF
0.3092
0.3154
,
INR
0.664
0.6773
,
JPY
0.3715
0.3789
,
KES
0.3737
0.3812
,
NOK
5.1388
5.2416
,
SAR
14.7186
15.013
,
ZAR
2.946
3.0049
,
SEK
5.0073
5.1074
,
SDR
72.654
74.1071

zemen

CAD
41.0196
41.84
,
EUR
58.7184
59.8928
,
GBP
67.5358
68.8865
,
SEK
5.0073
5.1074
,
USD
55.2124
56.3166

buna

USD
54.778
55.8736
,
EUR
60.4201
61.6285
,
GBP
67.3216
68.668
,
AED
13.4962
13.7661
,
SAR
13.2148
13.4791
,
CAD
37.5106
38.2608
,
CNY
6.9339
7.0726
,
USD
7.3374
7.4841
,
EUR
4.7259
4.8204
,
GBP
60.0815
61.2831
,
AED
0.3485
0.3555
,
SAR
4.8953
4.9932
,
CAD
170.2997
173.7057
,
CNY
33.2543
33.9194

nib

GBP
64.4967
65.7866
,
EUR
58.7184
59.8928
,
CHF
57.9363
59.095
,
USD
55.2124
56.3166
,
CAD
37.1227
37.8652
,
AED
13.6031
13.8752
,
SAR
13.3203
13.5867

berhan

wegagen

USD
55.1843
56.288
,
GBP
65.3387
66.6455
,
EURO
59.0472
60.2281
,
CAD
37.1702
37.9136
,
AUD
32.2574
32.9025
,
CHF
58.7918
59.9676
,
SEK
4.4943
4.5842
,
NOK
4.6479
4.7409
,
DKK
7.1688
7.3122
,
DJF
0.3093
0.3155
,
INR
0.6629
0.6762
,
KSH
0.3749
0.3824
,
JPY
0.3382
0.345
,
SAR
13.3139
13.5802
,
AED
13.5955
13.8674
,
ZAR
3.1723
3.2357
,
CNY
6.8493
6.9863
,
KWD
170.6195
174.0319

dgb

USD
55.2124
56.3166
,
GBP
67.5358
68.8865
,
EUR
58.7184
59.8928
,
CHF
60.6663
61.8796
,
CAD
41.0196
41.84
,
AUD
35.485
36.1947
,
SEK
5.0073
5.1074
,
NOK
5.1388
5.2416
,
DKK
7.8761
8.0336
,
DJF
0.3092
0.3154
,
INR
0.664
0.6773
,
KSH
0.3737
0.3812
,
JPY
0.3715
0.3789
,
SAR
14.7186
15.013
,
AED
15.0311
15.3317
,
ZAR
2.946
3.0049
,
CNY
7.5522
7.7032
,
KWD
178.5845
182.1562

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
CHF
57.9363
59.095
,
SEK
4.5316
4.6222
,
NOK
4.6506
4.7436
,
DKK
7.1279
7.2705
,
JPY
0.3362
0.3429
,
CAD
37.1227
37.8652
,
SAR
13.3203
13.5867
,
AED
13.6031
13.8752
,
EUR
58.7184
59.8928
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

USD
53.3285
54.3951
,
EUR
56.7522
57.8872
,
GBP
64.2235
65.508
,
SAR
14.185
14.4687
,
CHF
57.398
58.546
,
AED
14.5198
14.8102

lion

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
EUR
58.7184
59.8928

coop

USD
55.208
56.3122
,
GBP
67.6574
69.0105
,
EUR
58.8131
59.9894
,
SAR
14.7182
15.0126
,
AED
15.0291
15.3297

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.8489
172.2259
,
SAR
13.3629
13.3481

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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