Diaspora banking in Ethiopia refers to banking services provided to Ethiopian nationals and people of Ethiopian origin living abroad. These typically include savings and checking accounts, money transfers, and loans.
A range of Ethiopian commercial banks offer these services, including the state-owned Commercial Bank of Ethiopia and most major private banks, each with its own mix of products. It’s worth comparing offerings across banks before choosing one.
Diaspora Banking Products and Services
Products and services commonly available to diaspora banking customers in Ethiopia include:
- Savings and checking accounts
- Money transfers
- Mortgage loans, including diaspora-specific rate terms at some banks
- Loans
- Investment products
- Insurance products
- Credit cards, where offered — availability varies by bank