Popular Questions

 

[accordion]

[acc_item title="Who do i talk to in Bank of Abyssinia?"]You can call us on:


 +251 115 514130

  For any enquiries, complaints, suggestions, or compliments.


  We guarantee that all issues reported will be attended to within 24 hrs, offering solutions or appropriate options.


  Your feedback is important to us.[/acc_item]
[acc_item title="How do I apply for an account?"]

  •   Visit us in person
  •  Download the application form on our website, complete and send through the post and we will be in touch with you.
  •  You can contact us by telephone and speak to one of our expert advisers who are available from 9am to 5pm and always happy to give you more   information about opening an account. Phone our Retail Banking Helpdesk on +251 115 514130
  • Email to : info@bankofabyssinia.com

[/acc_item]
[acc_item title="What are the requirements to open an account?"]

  •    Valid Passport or  valid local ID
  •    Recent Passport Picture
  •   Initial Deposit min  0.00...Read More

[/acc_item]
[acc_item title="Is that possible to open account for foreigners?"]yes it is possible.[/acc_item]
[acc_item title="What accounts  do you offer?"]    Saving Account

   Demand(Current)Account

   Special Saving Account[/acc_item]
[acc_item title="How long does it take to open an account?"]Providing we have all the correct requirements and we are happy with your account application the process will take between 10 and 20 minutes[/acc_item]

[acc_item title="Does  Bank of Abyssinia has ATM and  POS services?"]ATM  service are avilable in bank of abyssinia diffrent branch , building and pos are avilable in diffrent super market and hotels.[/acc_item]

[acc_item title="How secure is the ATM System?"]

ATM Security:

  •  ATM system is very secure. Note that If the PIN is entered incorrectly several times in a row then the ATMs will attempt to retain the card to prevent  an unauthorised user from discovering it by guesswork.
  •  Because the data transferred between the ATM and the bank computers is encrypted, there is little risk of it being intercepted.
  •  Most fraud involves a criminal getting hold of the PIN  number in some way and copying the information held on the magnetic strip onto a fake  card.

[/acc_item]

[acc_item title="How do i close an account?"]Visit us in person where you will be assisted by one of our highly trained staff.[/acc_item]

[acc_item title="What are your opening times?"]

  Our banking hall is open from:

  Monday to Saturday 8:00 am – 7.00 pm
  Sunday:  CLOSED

[/acc_item]
[/accordion]

Financial Highlight

[accordion]

[acc_item title=" Asset"]

The total asset of the Bank has registered a significant growth in the last sixteen years in a raw as shown below.

In Millions of Birr

 

 

Variables

Fiscal Year-End of June 30,

2013

2014

2015

2016

2017

Total Assets

10,160

11,276

13,666

16,828

25,324

Outstanding Deposit

8,496

9,096

11,118

13,634

20,700

Outstanding Loan

4,609

5,153

5,992

8,121

14,105

Total Equity

1,108

1,504

1,807

2,124

2,904

 

 

[/acc_item]

[acc_item title=" Revenue and Profit"]

Revenue and Profit

The revenue and profit of the Bank has also shown positive growth rate. The table below shows the past five years revenue and profit of the bank.

In Millions of Birr

Fiscal Year

Revenue

Profit

June 30,2013

606.29

351.47

June 30,2014

696.79

351.48

June 30,2015

836.27

373.96

June 30, 2016

1,180.81

487.23

June 30, 2017

1,779.55

704.46

[/acc_item]

[acc_item title=" Capital Adequacy Ratio"]

The Bank’s real capital as percentage of total risk weighted assets was 18.41% at the end of FY June 30, 2015. This indicates that the Bank’s margin of protection available to both depositors and creditors against anticipated losses is well above the supervisory authority’s required minimum level of 8%.

[/acc_item]

 

[/accordion]

 

English and Amharic ATM User Guide

 

 

 

 

 

 

 


Money Transfer

  • dehabshil.jpg
  • ezremit.png
  • kaah.png
  • moneygram.png
  • ria-money-transfer-logo-300x193.jpg
  • transfast.png
  • westeren.png
  • xpress-money-send-now.jpg

Currency Rate Bank of Abyssinia

  Exchange Rate 

  Date May. 26, 2018

 

Currency Buying Selling
1 USD

27.2503

27.7953
1 EUR

31.9592

 32.5984
1 GBP 34.8514  35.5484
Default Theme
Layout Direction
Body
Background Color [r]
Text color [r]
Top
Top Background Image
Background Color [r]
Text color [r]
Bottom
Bottom Background Image
Background Color [r]
Text color [r]