How Many Banks And Pranches In Ethiopia?

What banks are in Ethiopia?

Ethiopia – U.S. Banks and Local Correspondent BanksEthiopia – U.S. Banks

  • Awash International Bank.
  • Berhan International Bank S.C.
  • Commercial Bank of Ethiopia (CBE)
  • Dashen Bank.
  • Enat Bank.
  • Nib International Bank.
  • Wegagen Bank.
  • Zemen Bank S.C.

How many branches have Commercial Bank of Ethiopia in 2020?

The bank has around 22,908 employees, who staff its headquarters and its over 1000+ branches positioned in the main cities and regional towns. The latter include 120 branches in the national capital Addis Ababa.

Which bank is best in Ethiopia?

Best Banks in Ethiopia for 2021

  • Bunna International Bank 2017/2018 Fiscal Year.
  • Abay Bank 2017/2018 Fiscal Year.
  • Berhan Bank 2017/2018 Fiscal Year.
  • Zemen Bank 2017/2018 Fiscal Year.
  • Enat Bank 2017/2018 Fiscal Year.
  • Addis International Bank 2017/2018 Fiscal Year.
  • Debub Global Bank 2017/2018 Fiscal Year.
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Which bank is profitable in Ethiopia?

Awash Bank has managed to earn 4.2 billion birr in gross profit and 2.6 billion birr profit after tax and other deductions. This solidifies Awash Bank’s number 1 spot in terms of financial performance for 2020 / 2019 budget year amongst private banks in Ethiopia.

Which bank is first in Ethiopia?

List of banks in Ethiopia

Bank Name Year Est.
1 Nib International Bank 1999
2 Abay Bank S.C. 2010
3 Addis International Bank 2011
4 Awash International Bank 1994

15 

Is there any foreign bank in Ethiopia?

Nine foreign banks are operating a representative office in Ethiopia since 2015. The banks include: European Investment bank, Standard bank, Commerz bank, German bank, KCB bank, Bank of Africa, Ziraat Ban and Export-import Bank of India.

What is the difference between National Bank and Commercial Bank?

A commercial bank is any financial institution that holds deposits for and lends money to individuals and businesses. In the United States, a national bank is a commercial bank that is a member of the Federal Reserve System. As such, a national bank is an investing member of its district Federal Reserve Bank.

How many government banks are there in Ethiopia?

Ethiopia – Banking SystemsEthiopia – Banking Systems The Ethiopian banking sector is currently comprised of a central bank (The National Bank of Ethiopia or NBE), one state owned development bank, a government owned commercial bank and sixteen private banks.

How much is the interest rate of commercial bank of Ethiopia?

Commercial Bank of Ethiopia Savings Account

Type Floating
Rate 7.00%
Currency ETB

What are the 3 types of savings accounts?

While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit.

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Who is the leading private bank in Ethiopia?

Dashen Bank It is the largest private bank in Ethiopia. Headquartered in Addis Ababa, the bank operates through a network of more than 400+ branches, ten dedicated Forex Bureaus, 350+ ATMs, and 850 plus Point-of-Sale (POS) terminals spread across the country.

What is the unemployment rate in Ethiopia?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Ethiopia unemployment rate for 2019 was 2.08%, a 0.01% increase from 2018. Ethiopia unemployment rate for 2018 was 2.08%, a 0.04% decline from 2017.

How can I open a bank account in Ethiopia?

Ethiopia – Open a New Bank Account

  1. A current billing receipt that is not more than three months old {like,Water co-operation bill or a Lulu bill with your address boldly written on it}.
  2. I.D Card{This could be your national I.D card, driver’s License or even a voter’s registration I.D card to confirm your citizenship}

What is the interest rate of CBE?

The financial giant Commercial Bank of Ethiopia ( CBE ) has adjusted its loan interest rate by at least 1.17 percent from the previous 8.63 percent, while its decision is expected to reflect on other banks’ minimum interest rate for loan provisions.

What are the legal requirements to carry on banking business in Ethiopia?

Ethiopian Banking Business laws

  • Legal Reserve.
  • Computation of Risk Weighted Asset.
  • Limitation of Accommodation.
  • Limitation of Investment of Bank.
  • Naming of Officer.
  • Approval of Appointment of an Independent of Authority.
  • Manner of Reporting Financial Information.
  • Minimum Paid up Capital to be Maintained by Bank.

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