cbe

USD
41.3165
42.1428
,
GBP
54.2261
55.3106
,
EUR
48.4973
49.4672
,
CHF
41.8822
42.7198
,
SEK
4.2832
4.3689
,
NOK
4.364
4.4513
,
DKK
5.903
6.0211
,
DJF
0.2295
0.2341
,
JPY
0.3389
0.3457
,
CAD
29.6287
30.2213
,
SAR
9.9698
10.1692
,
AED
10.1787
10.3823
,
XAF
0.012
0.0122
,
INR
0
0
,
KES
0
0
,
AUD
28.4661
29.0354
,
SDR
0
0
,
ZAR
0
0
,
CNY
5.6895
5.8033
,
KWD
130.4378
133.0466

awash

USD
41.6412
42.474
,
EUR
49.7904
50.7862
,
GBP
57.3191
58.4655
,
CAD
33.1829
33.8466
,
AED
11.3356
11.5623

abyssinia

USD
41.7012
42.5352
,
GBP
54.8903
55.9881
,
EUR
49.9747
50.9742
,
AED
10.2735
10.479
,
NOK
4.5083
4.5985
,
SAR
10.0622
10.2634
,
SEK
4.4778
4.5674
,
CAD
30.1772
30.7807

abay

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
CHF
45.6428
46.5557
,
AUD
32.4454
33.0943
,
CAD
33.4288
34.0974
,
AED
11.3613
11.5885
,
CNY
6.4135
6.5418
,
DKK
6.7543
6.8894
,
DJF
0.2319
0.2365
,
INR
0.5572
0.5683
,
JPY
0.3858
0.3935
,
KES
0.3866
0.3943
,
NOK
5.0307
5.1313
,
SAR
11.1278
11.3504
,
ZAR
2.9306
2.9892
,
SEK
4.9701
5.0695
,
SDR
59.6864
60.8801

zemen

buna

USD
41.7358
42.5705
,
GBP
55.3742
56.4817
,
CHF
43.5889
44.4607
,
SEK
4.4979
4.5879
,
NOK
4.5528
4.6439
,
DKK
6.1126
6.2349
,
JPY
0.3491
0.3561
,
CAD
30.2531
30.8582
,
SAR
10.0707
10.2721
,
AED
10.282
10.4876
,
EUR
50.229
51.2336
,
CNY
5.8042
5.9203
,
AUD
29.3631
29.9504
,
KWD
132.0883
134.7301

nib

GBP
55.3742
56.4817
,
EUR
50.229
51.2336
,
CHF
43.5889
44.4607
,
CAD
30.2531
30.8582
,
SEK
4.4979
4.5879
,
AED
10.282
10.4876
,
SAR
10.0707
10.2721
,
ZAR
2.9116
2.9698
,
JPY
0.3491
0.3561
,
KES
0.3841
0.3918
,
DJF
0.2319
0.2365
,
INR
0.5536
0.5646
,
CNY
5.8042
5.9203
,
DKK
6.1126
6.2349
,
NOK
4.5528
4.6439
,
AUD
29.3631
29.9504
,
USD
41.7358
42.5705

berhan

USD
41.6753
42.5088
,
EUR
49.8603
50.8575
,
GBP
54.7926
55.8885

wegagen

USD
41.7012
42.5352
,
GBP
54.8903
55.9881
,
EURO
49.9747
50.9742
,
CAD
30.1772
30.7807
,
AUD
29.252
29.837
,
CHF
43.3301
44.1967
,
SEK
4.4778
4.5674
,
NOK
4.5083
4.5985
,
DKK
6.082
6.2036
,
DJF
0.2319
0.2365
,
INR
0.5603
0.5715
,
KSH
0.3877
0.3955
,
JPY
0.3469
0.3538
,
SAR
10.0622
10.2634
,
AED
10.2735
10.479
,
ZAR
2.9148
2.9731
,
CNY
5.7869
5.9026
,
KWD
131.9908
134.6306

dgb

USD
41.7358
42.5705
,
GBP
57.9835
59.1432
,
EUR
50.229
51.2336
,
CHF
45.6428
46.5557
,
CAD
33.4288
34.0974
,
AUD
32.4454
33.0943
,
SEK
4.9701
5.0695
,
NOK
5.0307
5.1313
,
DKK
6.7543
6.8894
,
DJF
0.2319
0.2365
,
INR
0.5572
0.5683
,
KSH
0.3866
0.3943
,
JPY
0.3858
0.3935
,
SAR
11.1278
11.3504
,
AED
11.3613
11.5885
,
ZAR
2.9306
2.9892
,
CNY
6.4135
6.5418
,
KWD
138.3124
141.0786

enat

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
CHF
45.6428
46.5557
,
SEK
4.9701
5.0695
,
NOK
5.0307
5.1313
,
DKK
6.7543
6.8894
,
KES
0.3866
0.3943
,
JPY
0.3858
0.3935
,
DJF
0.2319
0.2365
,
CAD
33.4288
34.0974
,
AUD
32.4454
33.0943
,
SAR
11.1278
11.3504
,
AED
11.3613
11.5885
,
ZAR
2.9306
2.9892
,
CNY
6.4135
6.5418

addis

EUR
42.8476
43.7046
,
GBP
45.2716
46.177
,
USD
36.7223
37.4567

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
41.7358
42.5705
,
GBP
55.3742
56.4817
,
CHF
43.5889
44.4607
,
SEK
4.4979
4.5879
,
NOK
4.5528
4.6439
,
DKK
6.1126
6.2349
,
JPY
0.3491
0.3561
,
CAD
30.2531
30.8582
,
SAR
10.0707
10.2721
,
AED
10.282
10.4876
,
EUR
50.229
51.2336
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
41.7358
42.5705
,
EUR
50.229
51.2336
,
GBP
57.9835
59.1432
,
SAR
11.1278
11.3504
,
CHF
45.6428
46.5557
,
AED
11.3613
11.5885

lion

USD
41.7358
42.5705
,
GBP
55.3742
56.4817
,
EUR
50.229
51.2336

coop

USD
40.6279
41.4405
,
GBP
54.013
55.0933
,
EUR
48.4731
49.4426
,
SAR
9.8031
9.9992
,
AED
10.009
10.2092

Wegagen Bank Review

Wegagen Bank

7.7

Wegagen Bank

Nigat Saving

Diaspora Mortgage Loan

Trade Services

Agar Saving

Deposit that enables customers to save money to meet future needs.

Pros and Cons

Personalized and customized personal & premium banking options
Dedicated Diaspora loan that can be used for several purposes
  • Less smooth loan opportunities.
  • Few ATMs within one’s radius location

    Wegagen Bank Information

    Contact Information

    Diaspora Benefits

    • Automobile Loan
    • Mortgage Loan
    • Working Capital Loan
    • Optional Diaspora Account
    • Consumer Loan

    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

    Loan Interest

    • Personal Automobile Loan 14.5
    • Diaspora Mortgage Loan 9.8
    • Corporate Loan 14.5
    • Investment Loan 14.5
    • Working Capital Loan 14.5

    Saving Interest

    • Personal Saving 7%
    • Women Saving 7.5%
    • Youth Saving 7.5%

    Wegagen Bank Exchange Rate

    code name buying buyingTrend selling sellingTrend
    USD United States Dollar 41.7012 42.5352
    GBP British Pound Sterling 54.8903 55.9881
    EURO EURO 49.9747 50.9742
    CAD Canadian Dollar 30.1772 30.7807
    AUD Australian Dollar 29.252 29.837
    CHF Swiss Franc 43.3301 44.1967
    SEK Swedish Krona 4.4778 4.5674
    NOK Norwegian Krone 4.5083 4.5985
    DKK Danish Krone 6.082 6.2036
    DJF Djiboutian Franc 0.2319 0.2365
    INR Indian Rupee 0.5603 0.5715
    KSH KSH 0.3877 0.3955
    JPY Japanese Yen 0.3469 0.3538
    SAR Saudi Riyal 10.0622 10.2634
    AED United Arab Emirates Dirham 10.2735 10.479
    ZAR South African Rand 2.9148 2.9731
    CNY Chinese Yuan 5.7869 5.9026
    KWD Kuwaiti Dinar 131.9908 134.6306

    About Wegagen Bank

    In November 1996, Wegagen Bank was established by 16 founding members with an initial capital of 30 Million Birr. With over 4,000 Employees, the Bank has gone through milestones throughout the years that pioneered Wegagen Bank among other banks.

    Services Provided by Wegagen Bank

    Personal Banking

    Agar Regular Accounts

    This is a deposit, interest-bearing type account, where the initial deposit plan is 25 Birr and users can access their accounts either via Payment Card, Mobile & Internet Banking Services. However, when making withdrawals and/or deposits, customers shall have their passbook presented. Wegagen offers a free of charge bank statement once a month.

    There are types of Agar Accounts provided by Wegagen Bank, which are:

    • Agar Checking
    • Agar Fixed
    • Agar Now
    • Agar Plus

    Admas Savings

    This is a saving, interest-bearing account where customers, especially employees, can save money to get loans for purposes like purchasing a vehicle/house. The minimum initial deposit is 25 Birr and users can access their accounts either via Payment Card, Mobile & Internet Banking Services. However, when making withdrawals and/or deposits, customers shall have their passbook presented. Wegagen offers a free of charge bank statement once a month.

    Goh Junior Saving

    This is a saving, higher interest-bearing account where parents/guardians can open an account on behalf of their children so they may use the deposited money after they turn 18. Minimally, 1,200 Birr is the initial amount for the account to be opened. There are situations where normal savings interest rate is to be applied:

    • If the customer decided not to renew every 5 years.
    • If a withdrawal is made before the maturity date

    Wegagen Bank will issue a bonus depending on the deposit amount at the maturity date. At every renewal, the Bank will raise the interest rate until the child is 18, which means that he/she will have all the ownership of the account and its withholdings once he/she is 18.

    Nigat Saving for Her

    This is a saving, higher interest rate account that targets individuals and businesswomen. Customers have full accessibility to their accounts either via Payment Card, Mobile & Internet Banking Services. Wegagen bank offers a free of charge bank statement once a month, and individual customers get discounts from specific merchants & services if they did payments via POS.

    Interest-Free Banking

    Wegagen Amana

    This is a special, free interest-bearing account provided by Wegagen Bank that follows Sharia laws, namely known as Wegagen Amana, which has its own window on every branch.

    Wadia Amana – Interest-free Savings

    Wegagen Bank has a service that allows the customer to withdraw money at any time with a deposit account with no interest. The Bank and the customer have to come to an agreement about the amount deposited.

    Kerd Amana Interest-free current account

    Wegagen Bank provides its customers the opportunity to withdraw money at any time with a deposit account with no interest. The minimum deposit amount required is 25 Birr. The Bank and the customer have to come to an agreement about the amount deposited. This account can be operated by payment cards, mobile & internet banking services. For money withdrawal & deposit, the customer has to present the passbook at any branch

    Loans

    Personal loan

    Wegagen bank provides loan facilities that are extended to NGOs, micro-finance institutions, Embassies, Corporate/institutions employees, International Organizations, etc

    Loan facilities have the following:

    • Items
    • Vehicles, and
    • Houses

    The repayment is on a very smooth schedule that is extended from mid to long term, however, depending on the loan.

    Admas Loan

    Targeting individual employees, Adamas loan allows the customers to save some money and get a loan to, say, purchase a vehicle or house. The interest rate is calculated and set by Wegagen Bank. Admas loans by Wegagen Bank have the following features:

    To purchase a vehicle, a customer has to deposit an initial amount of %10 of the original value and then within 6 months, deposit %15. After that, Wegagen Bank is to provide the %60 remaining of the value

    To purchase a house, a customer has to deposit an initial amount of %10 of the original value and then within 6 months, deposit %10. After that, Wegagen Bank is to provide the %70 remaining of the value

    The maturity of the loan for a vehicle is 7 years and 10 years for a house.

    The assets received and obtained with the Wegagen bank’s finance is to be utilized as collateral.

    At least, the customer must deposit for one year to be eligible for Admas Loans.

    Diaspora Mortgage Loan

    Non-resident Ethiopians and Non-Resident Foreign Nationals of Ethiopian Origin, or known as ‘Diaspora’, have the ability to get loans from Wegagen Bank. Loan interest rates are to be as of what follows Wegagen’s terms and tariffs. Diaspora can get loans for the purpose of:

    • Purchase a residential house either from real estates’ agents, individual sellers, or associations
    • Construct a residential house on their own land
    • Purchase/construct commercial buildings
    • Finalize the construction of a residential house or commercial building.

    Diaspora Ethiopians need to save with Wegagen Bank some amount portion of the original value in advance, in foreign currency for a specified timeframe.

    Features

    Wegagen Bank prohibits withdrawal from the Diaspora mortgage savings account. However, shall the customer to withdraw, it will be considered as a breach of the contract and will be treated based on the pre-agreed upon the contract that has been made between Wegagen Bank and the Diaspora.

    For the residential/commercial building, Wegagen Bank is to finance and fund up to %50 of its value, based on the sales agreement or Wegagen’s engineering valuation, whichever is low is to be chosen eventually

    For finished house purchase or who is able to provide other additional collateral, in the case of under-construction under %50, Wegagen Bank is to finance up to %70 of its value.

    If the Diaspora returns to Ethiopia for permanent living, the loan repayment will be in Birr but with a 1% additional interest rate.

    Premium Banking

    Personalized, premium and exclusive banking services are awaiting for those who are interested in banking in premium with Wegagen. Not only in their premium branch but also at every Wegagen branch using a uniquely designed ID as well as Agar Gold Card. The latter is for higher cash withdrawal and Point Of Sale transactions which are of daily limits. There is also the Cas Collection service, which can be provided upon the customer’s request. Additionally, customers get priority within credit facilities as well as the allocation of Foreign Currency

    International Banking

    Trade Service

    Guarantee

    Customers who have bid bonds, performance bonds, advance payments, or custom bond guarantees can get several types of guarantees by Wegagen bank, such as:

    • Letters of Credit (L/C): For importing and exporting goods/services, Wegagen bank provide L/C (Letter of Credit)
    • Export Credit Guarantee (ECG): To exporters, there is an advance credit facility against %80 of the guarantee.
    • Cash against Document (CAD): Suppliers/sellers submit documents to his/her drawers bank. After that, the documents are to be sent to the importer’s bank on a collection basis.
    • Outward Bills Purchased (OBP): Outward Bills Purchased, or known as OBP, are payments made such as checks, drafts, travelers’ checks, international money orders, and alike.
    • Outward Documentary Bills Purchased (ODBP)
      • Any foreign Bank provides an instrument for the benefit of its importing customer, in which the bank that issues the instrument mentioned all the requirements in the form of a credit letter. It handles all the drafts drawn in compliance with the Bank’s credit terms, conditions, and policies.
    • Outward Documentary Bills Sent for Collection (ODBC)
      • Whenever the exporter ships, documents are sent to the issuing bank on a collection basis standard.

    Money Transfer

    local money transfer

    Customers of Wegagen Bank can collect and send money to anywhere around Ethiopia from any branch of the bank at a swift speed.

    International money transfer

    .Wegagen Bank has made partnerships with big international money transfer companies, such as: Dahabshiil, Kaah Express,Amal-Express,Western Union,Ria,MoneyGram,Tawakal Express, X-Press Money,Fast Pay,Osob, TransFast,Olympic Express, and, I-Cash

    Forex Services

    Wegagen Bank has dedicated forex bureaus is some of its branches. The daily exchange rate for Wegagen Bank can be found here.

    Electronic Banking

    Agent Banking

    Wegagen Agent Banking

    Customers can find Wegagen Bank’s HelloCash Mobile & Agent Banking Services at chosen branches and agents in the capital city, Addis Ababa, as well as regional cities and towns. Such agents, however, are individuals who are running their own and legal businesses and are recruited by Wegagen Bank. The Bank has a vision of stressing the problem of low financial inclusion and easy local money transfer, payment, cash deposit, and cash withdrawal. It provides smooth accessibility to financial services through a wide-range branch and agent network for all Wegagen customers at any time, anywhere, to anyone who is in Ethiopia through a mobile phone, without the need to go to bank branches.

    Card Banking

    With Wegagen’s Agar Visa card, customers are able to execute a number of several banking activities 24 hours a day, seven days a week.

    Currently, over 100,000 Agar Visa Electron cards are in the hands of customers provided by Wegagen Bank. The Visa debit product line, which is accepted at the Bank’s ATM network across Ethiopia, aids in purchase payments at Wegagen’s Point of Sale (PoS) terminals placed at various merchant sites.

    Customers can also do payments for goods and services they purchase without carrying cash via Point of Sale (POS) terminals found at pre-selected market sites and service organizations in Addis Ababa and regional towns, such as:

    • Supermarkets
    • Restaurants
    • Hotels, and
    • Travel & tour agencies

    Wegagen Bank accepts two of the most used international payment cards Visa and Master Card, via its ATMs & POS terminals.

    ATM Banking

    WegagenDirect | ATM ,POS

    The newly introduced national switching system allows Wegagen’s ATM Cards, namely Agar, to be used at other bank’s ATMs. Apart from that, Wegagen bank’s ATM and POS terminals are deployed at many locations in Ethiopia and can be accessed easily.

    The Bank also provides especially for women and Amana customers Nigat Debit Card.

    Wegagen Bank also has made partnerships with retail shops, such as Shoa, which provides shopping cards, and FETTAN, which is an aggregation and service provider.

    Internet Banking

    WegagenDirect  | Internet

    This service, WegagenDirect for Internet Banking, allows customers to have easy accessibility and management of their accounts at any time from anywhere via the bank’s website: https://www. Wegagenbanksc.com.et

    Corporate Internet Banking

    Non-individuals are targeted within the Corporate Internet Banking, such as NGOs, International Organizations, Government Bodies, Private Companies, etc

    Depending on the retail/corporate policies, Wegagen can give access to the account to more than one user.

    Retail Internet Banking

    This service is for individuals and businesses whose signatory is used to run the business.

    Wegagen Bank Mobile Banking

    Customers of Wegagen Bank, who are interested in mobile Banking, are enabled to have accessibility and management of their accounts 24 hours a day,  7 days a week, both in the English and Amharic languages.

    Wegagen Bank Mobile Banking Code

    The code for Wegagen bank mobile banking is *866#. You can simply type the code and dial and get access to Wegagen Bank Mobile Banking,

    Latest Banks

    Show More
    Dashen Bank

    Dashen Bank

    Amole Digital Banking

    Pay from your mobile

    Read Review
    Awash Bank

    Awash Bank

    Business Banking

    Plenty of business banking choices

    Read Review
    Commercial Bank of Ethiopia (CBE)

    Commercial Bank of Ethiopia (CBE)

    CBE Birr

    For business

    Read Review
    Bank of Abyssinia

    Bank of Abyssinia

    E-Commerce

    Simplify Customer Experience

    Read Review