Ethiopia is Africa’s fastest growing economy, offering investors a variety of opportunities. With a population of over 110 million, the country is one of the most populous countries in Africa. Ethiopia also has a long and established banking history, with many banks having been in operation since the late 19th century. Ethiopia’s banking industry has something for everyone. Boasting a wide variety of commercial banks, credit unions, and other financial institutions, Ethiopia’s banking sector has grown considerably over the years. With this growth comes more opportunities to save and invest your hard-earned money. To ensure you get the most out of any Ethiopian bank, we’ve picked out our top 10 banks in Ethiopia. Let’s dive into what each one has to offer!
Commercial Bank of Ethiopia
The Commercial Bank of Ethiopia (CBE) is the largest and oldest bank in Ethiopia, established in 1942. Since its establishment, the Commercial Bank of Ethiopia has grown to become one of the most trusted financial institutions in the country. CBE provides a wide range of banking services, including deposits, withdrawals, foreign currency transactions, and loans. It also offers online banking and mobile banking services. Currently, CBE has more than 37.9 million account holders. Moreover, the bank has more than 1842 branches across Ethiopia, providing convenience to its customers in accessing banking services. Owing to its huge number of account holders and the large number of branches across Ethiopia, the bank’s total assets reached Birr 1.2 trillion recently.
- Founded: 1942
- Number of branches: Over 1879
- Call Center: 951
- Telephone: 251-551-50-04/251-122-87-55
- Email: [email protected]
- Swift Code: CBETETAA
- Official Website: https://www.combanketh.et/en/
Awash Bank
Awash Bank is one of the oldest and most well-established banks in Ethiopia, having been founded in 1994. It currently operates over 346 branches across the country, making it one of the most widely accessible Ethiopian banks. Since its embarking, Awash Bank has been able to maintain its growth trend, consistently contributing significantly towards the overall development of the country. Awash Bank is currently working on expanding its reach and enhancing its services by investing heavily in digital banking technologies and improving the customer experience. In addition to branch networks, we provide our customers the convenience of 24/7 service through ATMs, point-of-sale terminals, the internet, mobile, and agency banking.
- Founded: 1994
- Number of branches: Over 346
- Call Center: 8890
- Telephone: 0115-57-12-54
- Email: [email protected]
- Swift Code: AWINETAA
- Official Website: https://awashbank.com/#
Dashen Bank
Dashen Bank is one of the top banks in Ethiopia, offering customers a comprehensive range of banking services. The bank was established in 1995 and now has more than 675 branches, making it a major player in the banking sector in Ethiopia. Furthermore, Dashen is known for introducing innovative products such as mobile banking and various e-banking options. It is the first bank in Ethiopia to provide a full-fledged payment card service as a principal member of AMEX, VISA, MasterCard, and Union Pay.
- Founded: 1995
- Number of branches: Over 675
- Call Center: 6333
- Telephone: +251 911575827
- Email: [email protected]
- Swift Code: DASHETAA
- Official Website: https://dashenbanksc.com/
Wegagen Bank
Wegagen Bank is another top choice for Ethiopians when it comes to banking. The bank was established on June 11, 1997.
- Founded: 1997
- Number of branches: N/A
- Call Center: N/A
- Telephone: +251115523800
- Email: [email protected]
- Swift Code: WEGAETAA
- Official Website: www.wegagen.com
Bank of Abyssinia
The Bank of Abyssinia (BoA) is one of Ethiopia’s oldest and largest commercial banks, having been founded in 1996. BoA offers a variety of services, including loans, deposits, and banking services. Moreover, with its more than 800 branches in all major cities, BoA is the go-to option for banking services in Ethiopia.
- Founded: 1996
- Number of branches: Over 802
- Call Center: 6333
- Telephone: N/A
- Email: [email protected]
- Swift Code: ABYSETAA
- Official Website: www.bankofabyssinia.com
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Oromia International Bank
Oromia International Bank S.C. is one of the most popular banks in Ethiopia. The bank was established on September 18, 2008. Since its inception, Oromia International Bank S.C has grown to become a leading provider of banking services in Ethiopia.
- Founded: 2008
- Number of branches: N/A
- Call Center: N/A
- Telephone: +251-11-51-83-880
- Email: [email protected]
- Swift Code: ORIRETAA
- Official Website: https://orointbank.net/en/
Hibret Bank
Hibret Bank is one of the biggest and most reliable banks in Ethiopia. The bank was incorporated as a share company on September 10, 1998.
- Founded: 1998
- Number of branches: Over 400
- Call Center: 995
- Telephone: +251 11 465 52 22
- Email: [email protected]
- Swift Code: UNTDETAA
- Official Website: www.hibretbank.com.et
Nib International Bank
Nib International Bank (NIB) is one of the pioneering banks in Ethiopia. The bank was founded on May 26, 1999. Since then, it has been at the forefront of providing financial services to individuals and businesses in Ethiopia.
- Founded: 1999
- Number of branches: Over 410
- Call Center: 9698
- Telephone: +25115503288
- Email: [email protected]
- Swift Code: NIBIETAA
- Official Website: www.nibbanksc.com
Zemen Bank
Zemen Bank, established in 2008, is another prominent bank in Ethiopia. Although Zemen Bank is relatively new, it has made a major impact in the Ethiopian banking sector. The bank is at the forefront of providing cutting-edge banking services.
- Founded: 2008
- Number of branches: N/A
- Call Center: N/A
- Telephone: 011-5-53-90-40
- Email: N/A
- Swift Code: ZEMEETAA
- Official Website: www.zemenbank.com
The Cooperative Bank of Oromia
The Cooperative Bank of Oromia is another well-known banking institution in Ethiopia that has been providing quality services to its customers since 2005.
- Founded: 2005
- Number of branches: Over 610
- Call Center: 609
- Telephone: +251115150229
- Email: [email protected]
- Swift Code: CBORETAA
- Official Website: https://coopbankoromia.com.et/
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