Ethiopia - USSD by Stax

The history of banking in Ethiopia

Before, 1994, Ethiopia’s banking sector was state-owned. However, since then, the country’s banking system has become mostly private-owned, triggering immense growth. But just, how did that happen?

Bank Reviews

Bank review: Zemen Bank—Everything you need to know

Zemen Bank is a private bank with over 70 banking branches and centres in Ethiopia.

Wegagen Bank

Bank Review: Wegagen Bank—Everything you need to know

Wegagen Bank SC was formed by 16 members. It was registered with the National Bank of Ethiopia on April 30, 1997, and it started operations on the 11th of June, 1997.

Bank Reviews

Bank Review: Hibret Bank—Everything you need to know

Hibret Bank is one of the first private banks in Ethiopia. It was named after the Amharic word for collaboration and synergy.

Abay Bank

Bank Review: Abay Bank—Everything you need to know

Abay Bank was officially established on July 14, 2010, but it started operations on the 4th of November, 2010. It was named after the Abay river for its “natural strength and grandeur”.

The Commercial Bank of Ethiopia

Bank Review: The Commercial Bank of Ethiopia—Everything you need to know

The Commercial Bank of Ethiopia (CBE) is one of the biggest banks in Ethiopia. It currently has 1723 branches and more than 10,000 employees worldwide. The CBE offers a wide range of banking services like loan disbursements, agent banking, Diaspora accounts, and sharia-compliant investments to its 35+ million customers.

Awash Bank

Bank Review: Awash Bank—Everything you need to know

Awash Bank is the first private commercial bank established in Ethiopia. Since it started operations in 1995, Awash Bank has grown to be one of the most important banks in Ethiopia, offering a wide range of conventional and interest-free products to locals, foreigners, and Ethiopians living in the diaspora. This

Ethiopia

Bank Review: The Bank of Abyssinia—Everything you need to know

The Bank of Abyssinia (BoA) is a leading commercial bank in Ethiopia with 710 branches, 6 million active customers, and 1300 ATMs. BoAs E-commerce and virtual banking products are the cherry on top of the diverse products the bank offers to individuals, businesses, and Ethiopians in the Diaspora. This article

The Cooperative Bank of Oromia

Bank Review: The Cooperative Bank of Oromia—Everything you need to know

The Cooperative Bank of Oromia (also known as Coopbank) is a community-oriented bank that provides banking services to individuals, cooperatives, businesses, foreigners, and Ethiopians in the Diaspora. Coopbank has more than 567 branch networks, 8.8 million account holders, and 11,500+ employees. It also partners with 13 money transfer

Dashen Bank

Bank Review: Dashen Bank—Everything you need to know

Dashen Bank is one of the biggest private banks in Ethiopia. It has a network of 450+ branches, 389 ATMs, and 1,283 plus Point-of-Sale (POS). Dashen Bank offers conventional and interest-free banking options to locals, foreigners, and Ethiopians in the diaspora that can be easily accessed through its offline

Bank Reviews

The National Bank of Ethiopia—Everything you need to know

Since its creation in 1966, the National Bank of Ethiopia has overseen and regulated 18 commercial banks, 17 insurance companies, and 31 microfinance institutions in Ethiopia.