From the 1950s to 1960s, there was nothing like NBE in Ethiopia, not until 1963 when the National Bank of Ethiopia was established, But the National Bank of Ethiopia (NBE) started its operations in Ethiopia in 1964. The Ethiopian central bank is in charge of issuing banking licenses and supervises banks in Ethiopia, they also regulate the availability, supply, and cost of the country’s money and credit, oversees and administers its international reserves, and sets and controls all foreign exchange rates in Ethiopia.
List Of Banks In Ethiopia
- Zemem bank
- Development Bank of Ethiopia (DBE)
- Lion international bank Ethiopia
- Wegagen bank
- Nib international bank Ethiopia
- Dashen bank
- Abbay bank
- Bunna bank
- Commercial bank of Ethiopia
- Enat bank
- Debub bank
- Construction and business bank
- Corporative bank of Oromia
- United bank
- Oromia international bank
Zemem bank was established in 2006 and it commenced its operations in 2008, with a focus on corporate, high net worth individuals and institutional clients. Zemem bank provides personal banking, corporate banking, international, and multi-channel banking services across the country of Ethiopia.
Official website: www.zemenbank.com
Year Established: 2009,
Number of Branches: 58,
Addresses: Financial District, Addis Ababa, Ethiopia
Telephone no: +251 11 5501111,
Fax no.: +251 11 5539042,
P.O.Box: 121 Addis Ababa, Ethiopia.
Development Bank of Ethiopia (DBE)
Development Bank of Ethiopia, which was formerly known as the Agricultural and Industrial Development Bank, operates as a specialized state-owned development financial institution in Ethiopia. The main aim of the development bank of Ethiopia is to promote Ethiopia’s economic development by financing agriculture, commerce, industry, and manufacturing activities.
Official website: dbe.com.et/home
Year Established: 1909,
Number of Branches: 43,
Telephone no: +251 11 511188 / 9
Fax no.: +251 11 5511606
P.O.Box: 1900, Addis Ababa, Ethiopia
Lion international bank Ethiopia
Lion International Bank S.C. (LIB) is a privately owned Share Company, it was established on October 2, 2006, in accordance with Proclamation 84/94 and the commercial code of Ethiopia and it was officially inaugurated for public services on January 6, 2007.
Official website: anbesabank.com
Year Established: 2006,
Number of Branches: 67,
Addresses: Haile G/Selassie Road, Lex Plaza Building
Telephone no: +251 11 662600 / 6050 / 6060 / 6900,
Fax no.: +251 11 6625999 / 7114 / 7115,
P.O.Box: 27026, code 1000, Addis Ababa, Ethiopia
Wegagen bank of Ethiopia was founded in 1997, Wegagen Bank happens to be one of the banks in Ethiopia that offers a variety of banking products and services, such as deposit-taking, loan facilities, international banking services, local and international money transfer services, and specialized payment services.
Official website: wegagenbanksc.com
Year Established: 1997,
Number of Branches: 98,
Addresses: Head office, Africa Avenue, Dembel City Center, 6th floor,
Telephone no: +251 11 5523800/5523526/5524972,
Fax no.: +251 11 5523520/21,
P.O.Box: 1018, Addis Ababa, Ethiopia
Nib international bank Ethiopia
The nib international bank was founded in 199, NIB International Bank offers a full range of domestic banking, such as international banking, and electronic banking products and services.
Official website: nibbank-et.com/index.php
Year Established: 1999,
Number of Branches: 107,
Addresses: Head office Dembel City Center
Telephone no: +251 11 5503288 / 5503304 / 5502909,
Fax no.: +251 11 5527213 / 5503288 / 5502909 / 5504349,
P.O.Box: 12947 0r 2439, Addis Ababa, Ethiopia
Dashen Bank of Ethiopia was established in 1995 under the NBE’s National Licensing and Supervision of Banking Business Proclamation 84/1994 and the Commercial Code of Ethiopia 1960. Dashen is the largest private banks in Ethiopia.
Official website: dashenbanksc.com
Year Established: 1996,
Number of Branches: 146,
Addresses: Headquartered in Addis Ababa,
Telephone no: +251 11 4661380, +251 11 4671803,
Fax no.: +251 11 4653037,
P.O.Box: 12752, Addis Ababa, Ethiopia
Abbay Bank was established in November 2009 and started operation on 3rd November 2010 with a capital of Birr 174.5 million and 823 founding shareholders called the 2,600 stakeholders for an extraordinary meeting on March 14 at Bahir Dar City in order to discuss the need for raising its capital to a billion Birr.
Official website: abaybank.com.et
Year Established: 2010,
Number of Branches: 66,
Addresses: Jomo Kenyatta Street, Addis Ababa, Ethiopia,
Telephone no: +251115158782,
Fax no.: +251115528882
Bunna International Bank S.C. provides banking products and services. The company’s banking products and services include demand deposits, savings accounts, special saving accounts, and certificates of deposits; and mail transfers, telegraphic or telephone transfers, local drafts, and cashier payment orders.
Official website: bunnabanksc.com
Year Established: 2009,
Number of Branches: 91,
Addresses: Bunna International Bank Head office, Adwa Street,
Arat Kilo near Berhanenselam Printing Press,
Addis Ababa, Ethiopia,
Telephone no: +251 11 1554783, +251 11 1580828, +251 11 1580884 / 25,
Fax no.: +251 11 1580826,
Commercial bank of Ethiopia
CBE was founded in 1963, the Commercial Bank of Ethiopia (CBE) is one of the leading banks in Ethiopia. The bank pioneered modern banking services and launched the first ATM service for local users.
Official website: combanketh.et
Year Established: 1963,
Number of Branches: 909,
Addresses: Around Berawi Theater or National Theater, Addis Ababa, Ethiopia,
Telephone no: +251 11 1228755 / 1229034 / 5515000,
P.O.Box: 255, Addis Ababa, Ethiopia
Enat Bank was initiated by 11 powerful women in Ethiopia, and these women have shepherd Enat from an idea to a reality. Enat is the success story that has made all Ethiopians proud, its services are quality banking services delivery with a special focus on the needs of women and to play the role of stimulating social and economic development and creating shareholders’ values.
Official website: enatbanksc.com
Year Established: 2013,
Number of Branches: 7,
Addresses: Kirkos Sub City, Woreda 8, in front of Yordanos Hotel,
Telephone no: +251 11 5504948 / 157475,
Fax no.: +251 11 5151338 / 504948,
P.O.Box: 18401, Addis Ababa Ethiopia.
Debub Global Bank S.C. is one of the private banks operating in Ethiopia, it as established in August 2012 with a subscribed capital of Birr 266.9 Million and the paid-up capital of Birr 138.9 million. The company has a legal entity registered with the licensing and supervisory body of the National Bank of Ethiopia in accordance with proclamation No-592/2000. Debub bank provides its esteemed customers a wide range of both domestic and international banking services with good customer service quality.
Official website: debubglobalbank.com
Year Established: 2012,
Number of Branches: 32,
Addresses: Kirkos Subcity, woreda 04, Mujib Tower,
Addis Ababa, Ethiopia,
Telephone no: +251 11 4674087,
Construction and business bank
The Construction and Business Bank is one of the biggest banks in Ethiopia. Its history dates back to 1975 when it was known as the Housing and Savings Bank. It was reconstituted as the Construction and Business Bank in 1994 and is government-owned. It offers products such as import financing, export financing, non-resident accounts, loans, mortgages, savings deposits, time deposits, demand deposits, investments, and money transfer services.
Official website: cbb.com.et/Index.html
Year Established: 1983,
Number of Branches: 106,
Telephone no: +251 11 5512300 / 5515103,
P.O.Box: 3480, Addis Ababa, Ethiopia
Corporative bank of Oromia
Cooperative Bank of Oromia commenced banking operations in 2005, focusing on cooperatives and agro-based businesses in Ethiopia.
Official website: coopbankoromia.com.et
Year Established: 2005,
Number of Branches: 144,
Telephone no: +251 115 150229 / +251 115 582460,
Fax no.: +251 115 150489,
United bank of Ethiopia was incorporated as a share company in 1998, United Bank provides a full range of commercial banking services, including conventional and multi-channel products to customers in Ethiopia.
Official website: unitedbank.com.et
Year Established: 1998,
Number of Branches: 108,
Addresses: Beklo Bet Area, Addis Ababa, Ethiopia
Telephone no: +251 11 4655222 / 40 / 42,
Fax no.: +251 11 4655243 / 45
P.O.Box: 19963, Addis Ababa, Ethiopia
Oromia international bank
Oromia International Bank is a private bank based in Addis Ababa, Ethiopia. It was established on September 18, 2008. The Bank has now launched Electronic banking outputs such as Card banking known as Oro-Card(ATM and POS), Mobile Banking named as Oro-Cash, Agent Banking-Oro Agent and Internet banking namely Oro-Click and many other services you get to find out through their website below.
Official website: orointbank.com
Year Established: 2008,
Number of Branches: 115,
Addresses: Bole Dembel City Center Building,
Telephone no: +251 11 5504330 / 5504526 / 5543728,
Fax no.: +251 11 5543727,