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

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.