Diaspora banking in Ethiopia refers to the provision of banking services to Ethiopian nationals living outside of the country. These services typically include savings and checking accounts, money transfers, and loans.
There are a number of diaspora banks in Ethiopia that offer these services, including the Commercial Bank of Ethiopia, the Development Bank of Ethiopia, and the Ethiopian Diaspora Trust Fund. Each of these banks has a different set of products and services available, so it is important to compare them before choosing one to use.
Diaspora Banking Products and Services
Some of the products and services available to diaspora banking customers in Ethiopia include:
- Savings and checking accounts
- Money transfers
- low-interest rate mortgage loan
- Investment products
- Insurance products
- Credit cards