List of banks in Ethiopia

This is a list of banks in Ethiopia.[1]

Ethiopian Black Market foreign currency exchange -> https://www.ethioblackmarket.com[edit]

The rate of exchange was at some point, as high as two-fold from the rate of exchange in the banks. 1 $US was fetching as high as 120 Ethiopian Birr ( to get the latest Ethiopian black market exchange rate check out https://www.ethioblackmarket.com ). In the Banks, it was selling for under 53 birr.

People in Ethiopia have been using the black market foreign currency services as another means to get access to foreign currency. In an effort to reverse what has now become a prevalent foreign currency black market ( something that is leading to the loss of considerable revenue to the government in addition to aggravating inflation), the National Bank of Ethiopia has introduced a series of regulatory measures.

The amount of cash holdings for individuals (outside of the bank) is now 100,000 Ethiopian birr and it is 200,000 for businesses.  With that, the National Bank is introducing financial incentives to those who inform designated law enforcement whenever there are excess holdings and foreign currency holdings. The anonymous informants could get up to 15 percent of the seized cash value once the court ruled that the holding is illegal. Apart from foreign currency, the government is cracking down on what it calls illegal trade in gold and the acquisition of it in unauthorized quantities. The government is also imposing restrictions on importing certain goods – whose absence would not cause harm domestically.  It is considering reactivating procedures whereby importers under the Franco-Valuta arrangement will produce documents to verify the source of their foreign currency holdings. It was practiced in the bank in the past and was deactivated in what is said to be an effort to minimize red tape for members of the business communities.Why is the government reintroducing the system? Because the government says there are business people engaged in buying foreign currency from the black market and taking the money out of the country under the guise of Franco-Valuta business activity.

Bank NameWeb SiteYear Est.No of BranchesSWIFTGross Profit (ETB million) Net Profit (ETB millions)
1Nib International Bankhttps://www.nibbanksc.com/199998NIBIETTA420.80
2Abay Bankhttp://www.abaybank.com.et/2010159[2]ABAYETAA190.00[3]
3Addis International Bankhttp://www.addisbanksc.com/201164[4]ABSCETAA205.16[5] 159.30
4Awash International Bankhttp://www.awashbank.com/1994430[6]AWINETAA1,381.00[7]
5Bank of Abyssiniahttp://www.bankofabyssinia.com/1996233[8]ABYSETAA534.00[9]
6Berhan International Bankhttp://berhanbanksc.com/201046BERHETAA131.00
7Bunna International Bankhttp://www.bunnabanksc.com/2009205[10]BUNAETAA625.00[11] 461.00[12]
8Commercial Bank of Ethiopia (State Bank)https://web.archive.org/web/20180822065616/http://www.combanketh.et/19631444[13]CBETETAA17,900.00
9Cooperative Bank of Oromiahttp://www.coopbankoromia.com.et/2005467CBORETAA[14]1.7 billion
10Dashen Bankhttp://www.dashenbanksc.com1995438DASHETAA1.8 billion 1.5 billion
11Debub Global Bankhttp://www.debubglobalbank.com/2012123DEGAETAA19.00
12Enat Bankhttp://www.enatbanksc.com/20137ENATETAA39.00
13Lion International Bankhttp://www.anbesabank.com/2006235LIBSETAA480.33
14Oromia International Bankhttp://www.orointbank.com/200814ORIRETAA205.40
15Hibret Bankhttp://www.unitedbank.com.et/1998380[15]UNTDETAA350.00
16Wegagen Bankhttp://www.wegagenbanksc.com/1997211[16]WEGAETAA478.00
17Zemen Bankhttp://www.zemenbank.com//200986ZEMEETAA131.00
18Development Bank of Ethiopiahttp://www.dbe.com.et//190132DBEETAA300.00
19ZamZam Bankhttps://www.zamzambank.com//202110ZAMZETAA
20Hijra Bankhttps://www.hijra-bank.com/202117HIJRETAA
21Siinqee Bankhttps://www.siinqeebank.com/2021402SINQETAA
22Shabelle Bankhttp://www.Shabellebank.com/2021
23Amhara Bankhttps://amharabank.com.et/2021140
24 Ahadu Bank https://www.ahadubank.com/ 2022
25 Goh Betoch Bank SC https://www.gohbetbank.com/ 2021
26 Tsedey Bank www.tsedeybank.com.et 2022
27 Tsehay Bank https://tsehaybank.com.et/ 2022
28National Bank of Ethiopiahttps://nbe.gov.et//1963

See also

References
  1. List of Licensed Commercial Banks In Ethiopia Archived 2011-07-14 at the Wayback Machine
  2. "Abay Bank Reached 159 Branches!". 30 December 2017.
  3. "Abay Bank earns 190ml Br net profit for 2017 / 2016". Addis Fortune. 1 December 2017.
  4. "Annual Report". AddisBiz.com. July 30, 2019. Retrieved Dec 3, 2019.
  5. "Annual Report". AddisBiz.com. Retrieved July 30, 2019.
  6. "Company Profile".
  7. "Awash Bank of Ethiopia grows profit by $43.4 million".
  8. Endeshaw, Dawit (25 November 2017). "Abyssinia boast sold performance". Retrieved 27 March 2018.
  9. Berhane, Samson (30 December 2017). "Ethiopia: Abyssinia Flaunts Fastest Growth in Seven Years". Retrieved 27 March 2018.
  10. "Bunna International Bank Earns 625ml Br Gross Profit For 2019 / 2018 Fiscal Year". AddisBiz.com. December 3, 2019. Retrieved December 3, 2019.
  11. "Annual Report". AddisBiz.com. July 30, 2019. Retrieved December 3, 2019.
  12. "Annual Report". AddisBiz.com. July 30, 2019. Retrieved July 30, 2019.
  13. "Annual Performance Evaluation Meeting". AddisBiz.com. August 20, 2019. Retrieved August 20, 2019.
  14. "Cooperative Bank of Oromia doubles profit". Capital Ethiopia.
  15. "United Bank's branch network reached 100". Hibret Bank. Archived from the original on 29 July 2014. Retrieved 9 November 2014.
  16. "Company Profile". Wegagen Bank. 2018. Retrieved 30 January 2018.
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