cbe

USD
56.3942
57.5221
,
GBP
67.8914
69.2492
,
EUR
60.8775
62.0951
,
CHF
61.138
62.3608
,
SEK
4.9131
5.0114
,
NOK
4.8627
4.96
,
DKK
7.3918
7.5396
,
DJF
0.3158
0.3221
,
JPY
0.3401
0.3469
,
CAD
37.7184
38.4728
,
SAR
13.6076
13.8798
,
AED
13.8932
14.1711
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4291
34.0977
,
SDR
,
ZAR
,
CNY
7.0975
7.2395
,
KWD
175.0012
178.5012

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

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3778
57.5054
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
CHF
63.9422
65.221
,
AUD
36.9556
37.6947
,
AED
15.3493
15.6563
,
CNY
7.8357
7.9924
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
JPY
0.3753
0.3828
,
KES
0.3861
0.3938
,
NOK
5.3799
5.4875
,
SAR
15.0321
15.3327
,
ZAR
2.9646
3.0239
,
SEK
5.4273
5.5358
,
SDR
74.6893
76.1831

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

Zamzam Bank about to build its headquarters seat at 2 billion budget cost

 

ZamZam Bank

 

Zemzem Bank, the pioneer in starting a completely interest-free bank in Ethiopia, has announced that it is going to build its headquarters building at a cost of more than two billion birr.

According to the Chief Executive Officer of Zamzam Bank, Mrs. Melika Bedri, they found the site for the headquarters building in the “Senga tera” area, where the country’s financial institutions have built and are building their headquarters.

Ms. Melika stated that as the bank is an institution founded based on public interest, the “Design Concept” of the building to be constructed is being commented on in an inclusive manner, and along with this strategy the bank is distributing the design concept of the building that describes the bank’s services to the shareholders for their comments.

It was also possible to understand from Mrs. Melika Mabraria that they are providing input from various angles by evaluating the issues that should be reduced and added to the ideas collected so far. The CEO also assured that the main design of the build will be designed in consideration of the public comments which are being collected now.

It has been learned that the building that will be built in the area known as the country’s financial village, Zamzam Bank, will have more than 30 floors and is planned to be completed within two to three years.
According to this, it is said that after the design work, the construction tender will be issued and work will be started.

At present, there are four banks, including Zamzam Bank, which is fully interest-free, and two of them (Hijra and Ramis Banks) are known to have bought their buildings when they came into operation.

ZamZam Bank being the first Bank to build its head office at an early age

Mrs. Melika stated that the building planned to be constructed by Zamzam Bank will be similar in length to the head office building that has been built and is planned to be built by existing banks in the industry. It has been two years since the bank came into operation, and she recalled that no bank has built a head office building in this age.

The completion of the building according to the bank’s plan will enable it to provide interest-free banking services in a better way, and it will meet the criteria that indicate the strength of a financial institution, such as human resources, efficient operations, capital size, and a healthy financial system, and the construction of the building will increase its wealth.

The bank signed a contract with the Addis Ababa Land Administration for the 4,135 square meter area used for the construction of the headquarters building and paid the lease advance.
The bank’s information also indicates that it is working together with Ledta Sub-city to implement the proper treatment of development initiatives according to the law. It is known that Zamzam Bank has reached 4.5 billion birr in deposits and has reached more than 75 branches.

The Bank’s total assets reached 6.9 billion birr and have announced that the Bank has increased its loan amount to four billion birr by introducing new financial services that are completely interest-free, such as mudaraba investment, diminishing musharakah, This indicates that ZamZam has used about 80 percent of the total collected deposits.

The Bank also announced that it will introduce new services to the industry by looking at the gaps in the provision of interest-free banking services by working in coordination with other banks to properly finance this money for the users, especially since the amount of deposits being collected by interest-free banking services is growing.

Read more about ZamZam Bank and its services here at our full review(ZamZam Bank review)