Quick Answer: How Many Banks In Ethiopia?

How many banks are there in Ethiopia List?

List of banks in Ethiopia

Bank Name No of Branches
16 Wegagen Bank 211
17 Zemen Bank 1
18 Development Bank of Ethiopia 32
Total 2357

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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.

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 CBE branches are there in Ethiopia?

The merger of Addis Ababa Bank with CBE made CBE the sole commercial bank in Ethiopia, with 128 branches and 3,633 employees.

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Who is the first private bank in Ethiopia?

Established in 1994, Awash Bank was the first private commercial bank in Ethiopia, created after the country’s post-1991 financial deregulation. The bank manages more than 535 branches throughout the country.

How many banks are there in Ethiopia 2020?

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.

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.

Which bank is more profitable in Ethiopia?

Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

Rank Bank Net Profit / Earning in ETB
1. Commercial Bank of Ethiopia (CBE) (State Owned) 14 billion
2. Awash Bank 2.6 billion
3. Dashen Bank 1.54 billion
4. Cooperative Bank of Oromia

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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.

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 bank interest rate in Ethiopia?

Actual Previous Unit
7.00 7.00 percent
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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 function of CBE?

The main objectives and functions of the CBE are as follows: Realizing price stability and ensuring the soundness of the banking system. Formulating and implementing the monetary, credit & banking policies. Issuing banknotes and determining their denominations and specifications.

How do I apply for CBE?

How to apply CBE?

  1. First Download the Vacancy Notification [PDF]
  2. How to Apply Guideline: Download.
  3. Read the vacancy announcement carefully.
  4. Check the vacancy details with eligibility.
  5. Prepare your CV or Application Details.
  6. Finally, apply as instructed by the Authority.
  7. Online Application Link: Click Here.

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.

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