Archives: FAQs

There are no charges to register for Internet Banking.

Customers can open accounts using: US Dollar, Pound Sterling and/or Euro.

A Diaspora saving account Copy of valid passport Letter of undertaking to repay the loan in foreign currency Ethiopian Original ID card (Yellow Card copy) A letter that confirms monthly salary The authenticated sales contract agreement, Should have defined and sustainable source of income. Other documents as necessary.

Eligible Organization should open FCY account at BOA Shall have depository relationship with BOA or Proven FCY earning prospect for newly recruited, Shall open Salary account of its employee in the Bank, Provident fund account shall be opened and operated through BOA Shall sign Memorandum of understanding (MOU) with BOA, and Other conditions as required

Any one by considering guarantor’s financial standing and integrity. Other than cross-guarantee, chain guarantee, and personal guarantee among the family members.

Both

Buildings, Motor vehicles, Machinery and equipment, Cash Deposits, Merchandise, Foreign Bank Guarantee; Business Mortgage, Land Lease Right and/or Coffee Plantation Other forms of collateral such as; Export Credit Guarantees, Personal      Guarantee, Corporate Guarantee, Valid Import/Export Document, Letter of Comfort

Application letter, Renewed trade license & Principal registration certificate for the period Copy of identity card/s of the applicant/s. Tax identification number /TIN/ Tax clearance, Or Tax Exemption Certificate in the name of applicant Tax clearance in the name of mortgagors, if the mortgagors is third party Financial statements at least for three years Forecasted...

There are two types of IFB Financing products currently being availed at BOA for business and consumer customers; these are;- Murabahah Financing, and Bi-Salam,

Apply your Finance request where you have an account in any BOA branch, or at the IFB center found at Belay Zeleke building adjacent to Ethio-Italy cultural institute around Semen Hotel