cbe

USD
54.4025
55.4906
,
GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
DJF
0.3047
0.3108
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
XAF
0.002
0.0122
,
INR
,
KES
,
AUD
32.8737
33.5312
,
SDR
,
ZAR
,
CNY
6.9052
7.0433
,
KWD
168.8466
172.2235

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

AED
13.4029
13.671
,
CAD
36.8768
37.6143
,
CHF
57.1241
58.2666
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
NOK
4.4889
4.5787
,
SAR
13.1274
13.3899
,
SEK
4.5341
4.6248
,
USD
54.4025
55.4906

abay

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
CHF
59.8158
61.0121
,
AUD
36.3245
37.051
,
AED
14.8098
15.106
,
CNY
7.6301
7.7827
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
JPY
0.3891
0.3969
,
KES
0.3904
0.3982
,
NOK
4.9601
5.0593
,
SAR
14.5054
14.7955
,
ZAR
2.8707
2.9281
,
SEK
5.0101
5.1103
,
SDR
72.3662
73.8135

zemen

CAD
40.7479
41.5629
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
SEK
5.0101
5.1103
,
USD
54.4025
55.4906

buna

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899
,
CAD
36.8768
37.6143
,
CNY
6.9052
7.0433
,
USD
7.0919
7.2337
,
EUR
4.5341
4.6248
,
GBP
57.1241
58.2666
,
AED
0.3522
0.3592
,
SAR
4.4889
4.5787
,
CAD
168.8466
172.2235
,
CNY
32.8737
33.5312

nib

GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
USD
54.4025
55.4906
,
CAD
36.8768
37.6143
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899

berhan

USD
54.3861
55.4738
,
EUR
58.2693
59.4347
,
GBP
64.6741
65.9676
,
CAD
36.7611
37.4963
,
AED
13.3989
13.6669
,
YUA
6.9193
7.0577

wegagen

USD
54.2965
55.3824
,
GBP
64.0075
65.2877
,
EURO
58.1841
59.3478
,
CAD
36.1417
36.8645
,
AUD
32.1413
32.7841
,
CHF
56.8974
58.0353
,
SEK
4.6669
4.7602
,
NOK
4.6606
4.7538
,
DKK
7.1482
7.2912
,
DJF
0.3031
0.3092
,
INR
0.6588
0.672
,
KSH
0.4039
0.412
,
JPY
0.3681
0.3755
,
SAR
13.0258
13.2863
,
AED
13.3071
13.5732
,
ZAR
3.1723
3.2357
,
CNY
7.1053
7.2474
,
KWD
168.0519
171.4129

dgb

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358
,
CHF
59.8158
61.0121
,
CAD
40.7479
41.5629
,
AUD
36.3245
37.051
,
SEK
5.0101
5.1103
,
NOK
4.9601
5.0593
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
KSH
0.3904
0.3982
,
JPY
0.3891
0.3969
,
SAR
14.5054
14.7955
,
AED
14.8098
15.106
,
ZAR
2.8707
2.9281
,
CNY
7.6301
7.7827
,
KWD
176.8027
180.3388

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

GBP
61.7297
62.9643
,
USD
53.7176
54.792

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
54.4025
55.4906
,
GBP
64.7507
66.0457
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
EUR
58.3684
59.5358
,
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
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358

coop

USD
54.3747
55.4622
,
GBP
67.4953
68.8452
,
EUR
58.1483
59.3113
,
SAR
14.4991
14.7891
,
AED
14.8027
15.0988

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

Tsehay Bank Review

Tsehay Bank

Tsehay Bank

5.8 Rating

5% Saving Interest

IFB

Eldery saving account

International Banking

Fajr (Interest free banking )

Pros and Cons

well experienced Ahutorizers
services are provided inconsideration of all communite
Independent IFB (Fajr)
  • few number of branches
  • 148 Branches

    Tsehay Bank Information

    Contact Information

    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

    Tsehay Bank Exchange Rate

    The exchange rate for Tsehay can be found HERE

    About Tsehay Bank

    Tsehay bank history

     

    Tsehay Bank is one of a succession of fourth-generation new private banks in Ethiopia, tsehay bank history begins from its establishment with capital of by2.8 billion birr, with 734 million paid-up capital by its 373 shareholders holding account for 35% of total share value and in comparison to other industry players the Bank has the smallest number of shareholders. The establishment proceed following the Shareholders’ General Assembly on February 18, 2021, held at Sheraton Addis Hotel.

     

    The official opening of Tsehay bank took place on July 23, 2022, in the presence of the National Bank of Ethiopia Governor His Excellency Dr. Yinager Dessie, the bank inherits its nomination from the Amharic term “Tsehay” meaning “The Sun,” and a motto of “For All,” which is in consideration of its financial inclusion objective as a Bank.

     

    The Bank’s vision is to become one of the best private Banks in East Africa by the year 2040 and its mission is to satisfy stakeholders’ by ensuring service excellence that appeals to the ever-diversifying and growing needs of customers. Institutional shareholders of Tsehay Bank have extensive experience and success in the country’s various business segments, starting from its chair of the directorate board Taye Debekulu who was the previous president of Hibret Bank, and all the other shareowners have untied their professional legs by playing a success full roll on sectors like Banks, manufacturing, agriculture, domestic trade, import, export, and many more sectors.

     

    Tsehay bank history shows that the Bankstarts operations with 30 branches in Addis Ababa and other major towns and cities across the country and plans to grow its number of branches to 100 at the end of 2023. The bank builds its core values on Integrity, customer service, teamwork, empowerment, professionalism, learning organization, and corporate citizenship which are the main guide for the Bank’s actions and responses to its various stakeholders.

    Services Provided by Tsehay Bank

    Deposit Products

    all of Tsehay bank branches provides different domestic banking services for local customers. customers can process their banking activities locally through their:- Saving Accounts, Tsehay Bank Special Offers, IFB (Interest-Free Banking Saving products)

     

    Saving Accounts:- Ordinary saving account, Education Saving Account, Special saving account, Eddir Saving Account, Salary Solution account, Muday saving Account

    Tsehay Bank Special Offers:-  Youth Saving Account, Woman saving, Elders account, Teen Youth saving account, Minor/juniors Saving Account.

    IFB (Interest-Free Banking Saving products):- Tsehay Interest-Free Banking (IFB) carries on its service following sharia’s principles of business with a brand name of ‘ Fajr’ which means sunrise in Arabic with its own assigned color and logo, the service  is provided for customers at  all of Tsehay bank branches

     

    Tsehay bank stands by on best satisfaction to its customers and The Bank has been providing its IFB in compliance with acceptable Sharia principles at all of its branches, services include all the saving products (Wadiah Saving Accounts, Mudharabah Saving Deposit Accounts, IFB Accounts in Foreign Currency)

     

    Accordingly, the bank has formed a renowned Sharia advisory committee and summoned respected religious fathers as its IFB service advisors, and launched two full-fledged IFB branches in the city of Addis Ababa And Sheger towns with a plan of extension. Fajr is accessible to all individuals, private business entities, and governmental institutions fulfilling the eligibility criteria of Tsehay bank.

    Credit Products

    The Bank provides commercial loans to its eligible customers to meet their day-to-day working capital requirements and for investment purposes.

    Loans & Advances:- Export financing, Manufacturing loan, Domestic Trade Services, Construction Loan, Import Financing, Transport loan and others, Overdraft, Domestic Guarantee

    IFB Financing:- Murabaha Financing, Ijara Financing, Bai’ salam Financing, Guarantee (Kafalah), Qard Pre-Shipment Export

    International Banking  :- Tsehay Bank has a package of services for its customers outside of the country that facilitates international payments, handles import and export transactions, and provides expert advice to customers to ensure the smooth flow of cross-border trade, and above all to the entire satisfaction of all parties involved.

     

    Major International Banking Services

    • Import and Export Letters of Credit (L/C)
    • Cash against Document (CAD)
    • Foreign Transfer Services, both incoming and outgoing
    • Sales and Purchase of Foreign currency

    Correspondent Banking:- The Bank maintains an account relationship with authorized banks across the globe.

    Remittance and FOREX:-Tsehay Bank provides foreign exchange remittance services (inward and outward transfers) by SWIFT and other remittance service providers.

    Digital Banking

    Tsehay Bank provides different digitized banking services for its customers aiming at minimization of cost and time and increasing the bank’s online accessibility through its Payment Cards, ATMs,POS Terminals,Mobile Banking,Internet Banking,Mobile Wallet,Agency Banking.

    5.8

    Tsehay Bank

    Loan Interest

    10

    Mobile Banking

    8

    Internet Banking

    10

    Saving Interest

    5

    Customer Service

    2

    Diaspora Benefit

    0

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