cbe

USD
124.0086
126.4888
,
GBP
152.3866
155.4343
,
EUR
128.3365
130.9032
,
CHF
134.1436
136.8265
,
SEK
11.0023
11.2223
,
NOK
10.7134
10.9276
,
DKK
16.8993
17.2373
,
DJF
,
JPY
0.7759
0.7914
,
CAD
84.628
86.3206
,
SAR
33.0073
33.6675
,
AED
33.7659
34.4412
,
INR
,
KES
,
AUD
75.3049
76.811
,
ZAR
,
CNY
16.6728
17.0063
,
KWD
394.889
402.7867

awash

abyssinia

USD
129.8451
132.442
,
GBP
167.7564
171.1115
,
EUR
141.9513
144.7903
,
AED
35.3532
36.0603
,
CHF
158.9291
162.1077
,
SEK
13.3258
13.5923
,
NOK
12.3272
12.5737
,
CAD
93.636
95.5087
,
SAR
34.6041
35.2962
,
CNY
17.796
18.1519

abay

USD
129.9498
132.5488
,
GBP
173.0412
176.502
,
EUR
147.9479
150.9068
,
AED
35.3778
36.0854
,
ZAR
6.9543
7.0934
,
SAR
34.6422
35.335
,
JPY
0.9127
0.931
,
CHF
157.3624
160.5096
,
AUD
82.934
84.5927
,
CNY
17.8258
18.1823

zemen

CAD
93.6215
95.4939
,
EUR
142.8576
145.7148
,
GBP
168.7083
172.0825
,
SEK
13.4804
13.75
,
USD
129.9938
132.5937

buna

USD
129.9826
132.5823
,
EUR
143.9094
146.7876
,
GBP
164.1011
167.3831
,
AED
35.7075
36.4217
,
SAR
34.1012
34.7832
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
129.8187
132.415
,
GBP
167.7244
171.0789
,
EUR
140.0568
142.858
,
CHF
147.2451
150.19
,
CAD
90.7188
92.5332
,
AED
35.3445
36.0514
,
SAR
34.6045
35.2966

berhan

USD
130.9737
133.5932
,
EUR
146.3914
149.3192
,
GBP
168.68
172.0536
,
CAD
94.7643
96.6596
,
AED
35.6566
36.3697
,
CNY
17.9662
18.3255

wegagen

USD
129.9847
132.5844
,
GBP
172.7107
176.1649
,
EUR
147.3637
150.3109
,
CHF
156.2936
159.4195
,
SEK
13.4924
13.7623
,
CNY
17.8339
18.1906
,
JPY
0.9099
0.9281

dgb

USD
128.1012
130.6632
,
EUR
137.0599
139.8011
,
GBP
157.4803
160.6299
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
36.7329
37.4675
,
CAD
79.1617
80.7449

enat

USD
130.0825
132.6842
,
EUR
145.4317
148.3403
,
GBP
169.3771
172.7646

ahadu

USD
130.0001
132.6001
,
GBP
174.1091
177.5913
,
EUR
149.9811
152.9807
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

EUR
146.4079
149.3361
,
GBP
171.4862
174.9159
,
USD
129.981
132.5806
,
CHF
160.0751
163.2766
,
JPY
0.9263
0.9448

dashen

USD
129.8515
132.4485
,
EUR
141.5381
144.3689
,
GBP
167.158
170.5012
,
CAD
84.9226
86.621
,
AED
31.9936
32.6335
,
SAR
31.3241
31.9506
,
CNY
16.2776
16.6031

oromia

lion

USD
131.4923
134.1221
,
GBP
165.6027
168.9148
,
EUR
142.3674
145.2147

developmentbank

USD
129.6586
132.2518
,
GBP
172.407
175.8552
,
EUR
147.7071
150.6612
,
CHF
157.3527
160.4997
,
SEK
13.5217
13.7922
,
NOK
12.4373
12.686
,
DKK
19.784
20.1797
,
DJF
0.7262
0.7407
,
JPY
0.9136
0.9319
,
CAD
93.8127
95.689
,
SAR
34.5655
35.2568
,
AED
35.2985
36.0045
,
INR
1.5174
1.5477
,
KES
0.9997
1.0197
,
AUD
83.0334
84.694
,
SDR
188.6273
192.3999
,
ZAR
6.9797
7.1193
,
CNY
17.7858
18.1415
,
KWD
423.3872
431.8549

coop

USD
129.0606
131.6418
,
GBP
158.331
161.4976
,
EUR
136.4649
139.1942
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128
,
CNY
17.0172
17.3575

gadaa

USD
130.0202
132.6206
,
GBP
161.73
164.9646
,
EUR
141.2437
144.0686
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
131.1285
133.751
,
EUR
142.7201
145.5745
,
GBP
166.8485
170.1855
,
SAR
34.9127
35.611
,
AED
35.6531
36.3662

amhara

USD
131.55
134.181
,
GBP
173.3434
176.8103
,
EUR
145.6916
148.6055
,
CAD
93.1327
94.9954
,
AED
35.8193
36.5357
,
SAR
35.0678
35.7692

tsehay

USD
131.5382
134.169
,
GBP
160.2439
163.4488
,
EUR
130.0158
132.6161
,
CAD
86.9537
88.6927
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
131.5016
134.1316
,
EUR
149.7146
152.7089
,
GBP
175.1075
178.6097
,
AED
35.8003
36.5163
,
CHF
159.2415
162.4263
,
SEK
13.6997
13.9736
,
NOK
12.6352
12.8879
,
DKK
20.0548
20.4559
,
DJF
0.7365
0.7512
,
INR
1.541
1.5719
,
JPY
0.9236
0.9421
,
CAD
94.899
96.797
,
SAR
35.8003
35.7579
,
ZAR
7.0374
7.1781
,
CNY
18.0386
13.3994
,
KWD
428.8793
437.4569
,
KES
1.0143
1.0343

siinqee

USD
129.8515
132.4485
,
EUR
140.3603
143.1675
,
GBP
159.6959
162.8898
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
32.7831
33.4388

hibret

USD
129.9
132.498
,
EUR
142.0016
144.8416
,
GBP
165.9219
169.2403
,
CHF
155
158.1

gohbetoch

USD
131.0805
133.7021
,
EUR
141.1293
143.9519
,
GBP
165.0379
168.3387
,
AED
34.3079
34.9941

nbe

JPY
0.9185
0.9277
,
KWD
427.064
431.3347
,
CNY
17.9273
18.1066
,
ZAR
6.9352
7.0045
,
XDR
167.9726
169.6523
,
EUR
148.7559
150.2434
,
AED
35.6609
36.0175
,
SAR
34.9082
35.2573
,
AUD
83.482
84.3168
,
CAD
94.0908
95.0317
,
USD
130.9932
131.3238
,
KES
1.0088
1.0391
,
INR
1.5287
1.544
,
DJF
0.7336
0.7557
,
DKK
19.9208
20.12
,
NOK
12.328
12.4512
,
SEK
13.3275
13.4608
,
CHF
160.5899
162.1958
,
GBP
173.7101
175.4472

binance

USDT
157.89
156.96

Awash Bank Issues the First Credit Card in Ethiopia in 2022

First Credit Card in Ethiopia

Addis Ababa, Ethiopia (03 December 2022)

Credit Card in Ethiopia is no longer a fantasy as Awash Bank, one of the country’s largest private banks has declared its launch of Credit Card in Ethiopia.

This move makes it the nation’s first bank to provide this amenity.

Awash publicized on November 29, 2022, its intention to become Ethiopia’s foremost bank to issue credit cards services in addition to its card banking services that were previously limited to debit card provision.

The announcement ceremony took place at Skylight hotel in the presence of bank executives, honored guests, and various other stakeholders. Tsehay Shiferaw, CEO of Awash Bank, asserted here that Awash Bank is working harder than ever to keep up with current digital trends and meet the needs of its customers in order to make its services accessible, convenient, and satisfactory.

Awash Bank Issues the First Credit Card in Ethiopia
Awash Bank Issues the First Credit Card in Ethiopia
Awash Bank Issues the First Credit Card in Ethiopia
Awash Bank Issues the First Credit Card in Ethiopia

Credit Card in Ethiopia

A credit card, like a debit card, is issued by a bank or financial services company. In contrast to the latter (which allows payments to be made by deducting funds directly from a consumer’s checking/savings account), the former allows its holders to borrow funds with which to pay for goods and services at shops that accept cards. Essentially, it allows its bearer to use money he/she does not have yet.

Credit cards impose the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.

According to Shega innovation, Awash Bank aims to extend this line of credit, whose issuance has already begun, to its 9 million clientele, with various products tailored to the specific needs of each customer. Although the bank has been successful in acquiring 3 million debit card holders, a low level of financial literacy and weak economic capacity of consumers can pose challenges to popularizing credit card in Ethiopia.

This development comes in the same week that the bank made a historic decision to raise its capital to one billion USD (55 billion birr), which will make it Ethiopia’s most capitalized bank.