Tariffs
Bank of Abyssinia Banking Services Charges
Branch Banking | ||
Item Discription | Newly Approved Price | Range |
Cash Withdrawal | Free | Up to Birr 2000 |
Birr 5 | Birr 2,001-Birr 10,000 | |
Birr 10 | Above Birr 10,001 – 50,000 | |
Cash Withdrawal from Wadi’ah accounts | Free | N/A |
| Local Money Transfer From account | 100 birr flat | |
| Local Money Transfer non-account holders(cash) | 150 birr flat | |
Local Money Transfer Service(LMTS) for staff | 100 flat | |
| LMTS Amendment & Cancellation service charge | 30 | |
| Request of retransfer of LMTS by customer/remitter(to be collected by remitting branch) | 30 | |
Account to Account transfer | Birr 5 | Birr 1-10,000 |
Birr 10 | Birr 10,001-1,000,000 | |
Fixed Birr 10 Plus Birr 5 per million | Above Birr 1,000,001 | |
Account to Account transfer of Wadi’ah accounts | Free | N/A |
Own account transfers found with in the same CID,(SALCA, Loan repayment..) | Free | |
| From and to Internal account transfers | Free | |
| Pension account transfers | Free | |
| Cash Indemnity accounts(Both Withdrawal & Fund transfer) | Free | |
| MRV AND US EMBASSY CPO TR | Free | |
| Bulk Transfer (Salary Payment) | Free | |
| Outgoing real time growth settlement (RTGS) transactions(outgoing MT 103) | Birr 100 plus NBE charge (150 birr) & Birr 50 per cheque for customers With an FCY source | |
| Outgoing AA cheque clearing fee (cheque & CPO) | Birr 100 plus NBE charge per cheque and CPO; Birr 50 per check for customers With an FCY source | |
| Outgoing low value payment credit transfer bulk credit payment | Birr 10 plus NBE charge per transaction | |
| Bank to bank transfer(MT202)both incoming and outgoing transactions | Birr 50 per transaction (NBE charge only) | |
| Incoming real time gross settlement (RTGS) transactions (incoming MT103) | Free | |
| Incoming low value payment (Cheque & CPO and credit transfer) or bulk payment | ||
| Standing Instructions (S/A,C/A,TD,FCY,OD etc.) | ||
| CPO From account | 100 flat | |
CPO issuance for non-account holders (cash) | Up to Birr 100,000 – Br. 300 Flat Birr 100,001 – 500,000 – Br. 400 Flat | |
| Birr 500,001- 1mill – Br.500 Flat Above Birr 1mill – Br.1.25/mill | ||
CPO replacement | Br. 200 for account holders | |
| Br. 400 for non-account holders | ||
CPO cancellation/voiding | Birr 200 flat for account holders | |
| Birr 300 flat for non-account holders | ||
CPO refunding | Birr 200 for account holders | |
| Birr 400 for non-account holders | ||
| Cost of Ck.book 25 leaves | 100 | |
| Cost of Ck.book 50 leaves | 200 | |
| Cost of Ck.book 100 leaves | 300 | |
| Insufficient Fund | As per NBE directive | |
| Pass book issuance up on opening | Free | |
| Fully utilized pass book replacement | Free | |
| Lost/damaged pass book replacement | 100 birr | |
| Closure of S/A within 6 months from date of opening | 100 birr | |
| Saving and Checking Account Freeze (court case) in favour of plaintiff (beneficiary) | Free | |
Stop Payment Order | ||
| Service charge (single cheque issued) | Birr 300 per cheque | |
| Service charge ( for range of cheques or pad un-issued) | Flat Birr 300 and plus 10 per leaf | |
Sundries Services | ||
| Provident fund handling | Free | |
| Authentication fee at documents authentication and registration office and courts | Online …. Birr 50 in person….Birr 200 plus third party charge per case | |
| Balance confirmation to external auditors | External Auditor birr=100 | |
| Current month statement | Birr 25 per advice or page (curren year) | |
| Historical statement | Birr 50 per advice or page (over year) | |
| Inheritance cases | Birr 100 per case | |
| Signature change | 50 per account | |
Balance Confirmation | ||
| Saving account | Birr 100 | |
| Current account | Birr 100 | |
Bank statement Issuance | ||
| Saving account | Birr 10 per page | |
| Current account | Birr 10 per page | |
| Through email | Free | |
| Extra statement issuance (other than once per month) | Birr 10 per page | |
| Below 1 year | Birr 25 per page | |
| Above 1 year | Birr 50 per page | |
Duplicate advice | ||
| Less than 2 years | Birr 20 per page | |
| Over 2 years | Birr 30 per page | |
Share Services | ||
| Share certificate issuance when transfer of share certificate | Br 1000 per transaction | |
| Share transfer processing fee | Br 1000 per transaction | |
| Splitting / consolidating share certificate in the name of the same share holders | Br 1000 per each share certificate from both party | |
| Replacement of share certificate | Br 1000 per each share certificate from both party | |
| Issuance of pledge letter fee | Birr 1000 per each share certificate | |
| Share balance confirmation | Birr 500 | |
| Authentication of power of attorney fee | Birr 500 | |
| Authentication original court document fee | Birr 1000 | |
| Issuance of letter on credit status | Birr 200, free for staff | |
Safe Deposit | ||
| Small size | Birr 12,000 per annum | |
| Medium size | Birr 18,000 per annum | |
| Large size | Birr 24,000 per annum | |
| Extra-large size | Birr 30,000 per annum | |
| Penalty charge | 100% of the annual rate in arrears. But, 150% of the annual rent in arrears if the payment is above maturity period of contract. | |
| Deposit for key | Birr 14,000 per annum | |
| Subscription fee | free | |
Note; | * Any exceptions or waivers to these terms and tariffs must be negotiated by the respective unit and receive approval from the CEO. | |
| * The charges are stated exclusive of value-added tax (VAT), which will be collected by the bank. | ||
Digital Banking | |||
1. BOA mobile/internet banking | |||
| NO. | Item Discription | New Price | Newly Range |
| 1.1 | Wallet load/transfer Telebirr/Mpessa | Birr 10 per transaction | For transaction value </= Birr 10,000 |
| Birr 15 per transaction | For transaction above Birr 10,000 | ||
| 1.2 | Maintenance fee | Birr 30 annually | |
| 1.3 | Fund transfer to other bank accounts (RTGS) | 100 Birr plus NBE fee | |
| 1.4 | Fund transfer to p2p ETSWITCH | 0.2% of principal on top of ET-SWITCH charge | |
| 1.5 | View account balance | Free | |
| 1.6 | Customer pay bill | Free | |
| 1.7 | PIN replacement | Free | |
| 1.8 | Linking other accounts | Free | |
| 1.9 | Fund transfer to own/another BOA account | Free | |
2. Card Banking | |||
Item Discription | New Price | ||
| NO. | A. International cards | ||
| 1 | Debit card products | ||
| 1.1 | Visa debit platinum | Birr 5000 | |
| 1.2 | Visa debit Gold | Birr 1000 | |
| 2 | Prepaid card products | ||
| 2.1 | Visa prepaid platinum | Birr 5000 | |
| 2.2 | Visa prepaid Gold | Birr 1000 | |
| 2.3 | Visa prepaid classic | Birr 500 | |
| No. | B. Domestic cards | ||
| 1 | Debit card products | ||
| 1.1 | Visa Debit Platinum | Birr 1000 | |
| 1.2 | Visa Debit Gold | Birr 350 | |
| 1.3 | Visa Debit Classic | Birr 100 | |
| 1.4 | Visa Debit Classic Adey | Birr 100 | |
| 1.5 | Visa Debit Classic Afla | Birr 100 | |
| 1.6 | Visa Debit Classic Balewuletawoch | Birr 100 | |
| 1.7 | Visa Debit IFB platinum card | Birr 1000 | |
| 1.8 | Visa Debit IFB Gold card | Birr 350 | |
| 1.9 | Visa Debit IFB Classic Ameen | Birr 100 | |
| 1.1 | Visa Debit IFB Classic Ameen Zahara | Birr 100 | |
| 1.11 | Visa Debit IFB Classic Ameen Fitayah | Birr 100 | |
| 1.12 | Visa Debit IFB Classic Ameen Musinin | Birr 100 | |
| 1.13 | Visa Debit Apollo Classic | Birr 100 | |
| 1.14 | Visa Debit Apollo IFB card | Birr 100 | |
| 2 | Prepaid card products | ||
| 2.1 | Visa Prepaid IFB | Birr 300 & 1% loading fee | |
| 2.2 | Visa Prepaid Classic | Birr 300 & 1% loading fee | |
| No. | 1. Pin & card replacement | New Price | |
| 1.1 | Pin Replacement with pin mailer for all card products | Birr 50 | |
| 1.2 | Pin Reminder with SMS | Free | |
| 2. Card replacement | |||
| 2.1 | Replacement of all card types | Same as issuance fee | |
| 3. Card delivery for all urgent card products | |||
| 3.1 | Delivery cost for urgent card request | Birr 100 additional to issuance fee | |
Additional card banking pricing model | |||
Item Discription | New Price | ||
| 1 | ATM withdrawal Domestic (ONUS) | Birr 0.45% | |
| 2 | Balance inquiry (ONUS) | Free | |
| 3 | Additional Account Link | ||
| 4 | POS Cash Advance Domestic at Branch (ONUS) | ||
| 5 | POS Purchase (ONUS) | ||
| 6 | Fund transfer (ONUS) | ||
| 7 | Mini Statement (ONUS) | ||
| 8 | Transaction fee for all IFB domestic card (ONUS) | ||
card transaction fee | |||
| Item Discription | New Price | ||
| 1. ATM withdrawal | |||
| 1.1 | For all card products (remote ONUS cross border) | USD 1.50/TXN | |
| 1.2 | For all card product (ONUS) | ETB 0.45% | |
| 1.3 | Remote ONUS-ETSWITCH | ETB 0.50% | |
| 2. POS transaction | |||
| POS purchase | |||
| 2.1 | For all card product POS merchant site purchase | Free | |
| POS cash advance | |||
| 2.2 | For all card product (remote ONUS Cross Boarder) | USD 1.50/TXN | |
| 2.2 | For all card products (ONUS) | Birr 0.45% | |
| 2.3 | For all card product (remote ONUS-ETSWITCH) | Birr 0.50% | |
| IBD | |
| Types of services | New Price |
| 1. Import Trade and Outgoing Transfer | |
| 1.1. Import LC | |
| 1.1.1. Import LC from LCY | |
| • Exchange Commission | 2.50% |
| • Opening commission | 2%; min USD100.00 every 3 months |
| • Service Charge | 2%; min USD100.00 every 3 months |
| • Additional service charges: if LC opened with margin | 2%; on unpaid balance for 3 months |
| • Extension commission (involving additional period) Before expiry. | 4%; min USD100.00 every 3 months |
| • Extension commission (involving additional period) After expiry. | 4.5%; min USD100.00 every 3 months |
| 1.1.2. Import LC from FCY account and Retention Account | |
| • Exchange Commission | Free |
| • Opening commission | 1%; min USD100.00 every 3 months |
| • Opening commission paid against local account or cash | 2%; min USD100.00 every 3 months |
| • Service charge from FCY account | 1%; min USD100.00 every 3 months |
| • Service charge paid against local account or cash | 2%; min USD100.00 every 3 months |
| • Extension commission (involving additional period) Before expiry. | 2%; min USD100.00 every 3 months |
| • Extension commission (involving additional period) After expiry. | 2.5%; min USD100.00 every 3 months |
| 1.1.3. Other Import LC related charges | |
| • Confirmation commission | LCY A/c: 2% min USD 100.00 |
| FCY A/c: 1% min USD 50.00 | |
| • Amendment commission | USD 100.00 per amendment |
| • SWIFT charge | USD 75.00 per page |
| • Correspondent charge | As per foreign bank debit advice |
| • Interest on ‘Advance against import bills’ | As per prevailing rate from the date of debit of our account till payment date |
| • Full LC cancellation charges | USD 10.00 |
| • Foreign exchange application for import forms | – |
| • Registration fee for foreign currency | USD 10.00 per registration |
| • Letter to external party | USD 25.00 |
| • Partial shipment | LCY A/c: 1st and 2nd free but above, 1% of document value, minimum USD100.00 |
| FCY A/c: 1st and 2nd free but above, 0.5% of document value, minimum USD100.0 | |
| • Permit extension | USD 30.00 |
| • Permit split | USD 60.00 |
| • Duplicate advice | USD 5.00 |
| 1.1.4. Excess Drawings (Increase of amount on FOB value or freight) | |
| • Exchange commission | 2.50% |
| • Opening commission | Free |
| • Service charge | 4%; min USD100.00 |
| • Excess drawing for FCY account | 2%; min USD100.00 |
| • Excess drawing for FCY account while service charge paid against LCY | 4%; min USD 100.00 |
| 1.1.5. Guarantee – under LC | |
| • Guarantee issued for missing bill of lading or airway bill under sight LC – handling charges (customers must deposit the invoice value of goods plus 10%) | USD 100.00 |
| 1.2. Documentary Collection Charges (CAD) | |
| 1.2.1. Purchase Order Approval | |
| • Service charge PO approval and document collection | LCY A/c: 4%; min USD100.00 |
| FCY A/c: 2%; min USD100.00 | |
| • Service charge PO approval and document collection from FCY account but service chare paid from LCY account cash | 4%; min USD100.00 |
| • Extension commission for expired PO from LCY (Before Expiry) | 4%; min USD100.00 every 3 months |
| • Extension commission for expired PO from LCY (After Expiry) | 4.5%; min USD100.00 every 3 months |
| • Extension commission for expired PO from FCY (Before Expiry) | 2%; min USD100.00 every 3 months |
| • Extension commission for expired PO from FCY (After Expiry) | 2.5%; min USD100.00 every 3 months |
| • Extension commission for expired PO from FCY, but paid against local account or cash (For Both Before and After Expiry) | 4%; min USD100.00 every 3 months |
| • Amendment charge | USD 100.00 |
| 1.2.2. Inward Bills for Collection (Import – IBC) | |
| 1.2.2.1. IBC Sight | |
| • Exchange Commission | LCY A/c: 2.50% |
| FCY A/c: Free | |
| • SWIFT charge | USD 75.00 per page |
| • Partial shipment | LCY A/c: 1st and 2nd free but above 1% of document value min USD 100.00 |
| FCY A/c: 1st and 2nd free but above 0.5% of document value min USD 100.00 | |
| 1.2.2.2. Unpaid item returned (shipping documents) | |
| • Service charge | Per claim/bill |
| • Courier service | Per claim/bill |
| • SWIFT charge | USD 75.00 per page |
| 1.2.2.3. Unpaid items held in safe custody (for more than 45 days) | |
| • Service charge for settlement of IBC documents aging over 45 days | 1%; min USD 100.00 for 45 days and part thereof |
| 1.2.3. Handling of expired LC, IBC and uncollected shipping document | |
| • Presentation of IBC document for PO expired after 30 days but shipped within its validity date | LCY A/c: 1%; min USD 50.00 |
| FCY A/c: 0.5%; minUSD50.00 | |
| • Presentation and settlement of document from expired LC within 5 days but shipped within its validity date | LCY A/c: Free |
| FCY A/c: Free | |
| • Presentation and settlement of document for expired LC within 25 days, after 5 days following the expiry date but shipped within its validity date | LCY A/c: 1%; min USD 50.00 |
| FCY A/c: 0.5%; minUSD50.00 | |
| • Presentation and settlement of document for expired LC after 30 days but shipped within its validity date | LCY A/c: 1.5%; min USD50.00 |
| FCY A/c: 0.75%; min USD50.00 | |
| • Settlement of expired LC and IBC shipped after its validity date | LCY A/c: 4%; min USD 50.00 |
| FCY A/c: 2%; min USD50.00 | |
| • Shipment prior to LC issuance/ PO approval | LCY A/c: 4%; min USD 50.00 |
| FCY A/c: 2%; min USD50.00 | |
| 1.3. Foreign incidental and other charges | |
| • SWIFT charge for stop payment orders | USD 75.00 per page |
| • Discrepancy Handling charges for import document: LC (from beneficiary account) | USD 200.00 on each account |
| 1.3.1. Delivery documents postage (courier) | |
| • Guarantee for missing BL | USD 100.00 |
| • Acceptance guarantee (customers must deposit the invoice value of goods plus 10%) | USD 100.00 |
| 1.4. Freight collection to ESL in FCY | |
| • Exchange commission payable to NBE | 2.50% |
| • Service charge from foreign currency account | 2% |
| • Service charge from local currency account | 4% |
| • Freight collection to ESL in local currency (service charge) | 1.50% |
| 1.5. Outgoing Transfer | |
| 1.5.1. Outgoing transfer-SWIFT / Draft | |
| 1.5.1.1. BOA Customers | |
| • Exchange Commission | LCY A/c: 2.5% |
| FCY A/c: Free | |
| • Service Charge | LCY A/c: 4%; min. USD100.00 |
| • SWIFT | LCY A/c: USD 75.00 per page |
| FCY A/c: USD 75.00 per page | |
| • Service Charge: International Organizations, Embassies, FDI Companies, and NGOs | FCY A/c: Free for <= USD100.00 |
| FCY A/c: 1.5% for > USD100.00 | |
| • Service charge for NGOs generating FCY and working with Bank | 2.5% Minimum USD 100.00 |
| • Service Charge: FCY Account for Resident and Non-Resident Ethiopians | FCY A/c: Free for <= USD100.00 |
| FCY A/c: 2% for > USD100.00 | |
| • Service Charge: Retention Account | 4%; min. USD50.00 |
| 1.5.1.2. Staff Members | |
| • Exchange Commission | LCY A/c: 2.50% |
| FCY A/c: Free | |
| • Service Charge | LCY A/c: Free |
| FCY A/c: Free | |
| • SWIFT Charge | LCY A/c: USD 50.00 per page |
| FCY A/c: USD 50.00 per page | |
| 1.5.2. Amendment of swift transfer | USD 100.00 (swift & service charges will not be returned) |
| 1.5.3. Cancellation/replacement of draft | USD 100.00 (swift & service charges will not be returned) |
| 1.5.4. SWIFT Enquiry/Investigation Charges | |
| 1.6. FCY Cash Notes Sales | |
| 1.6.1. From Foreign Currency Account | |
| • Through VISA Card | Free |
| • Through Cash Notes | 2%; Min USD100.00 |
| • International Organizations, Embassies, FDI Companies, and NGOs | Cash Note: 1% |
| VISA Card: Free | |
| • FCY Account for Resident and Non-Resident Ethiopians, Retention A/c | 2% |
| • Through Cash Notes for US Embassy, AU, ILRI and other Embassies | Free |
| • Employees of ILRI service charge when they request foreign currency (FCY) from their personal accounts | LCY A/c: 2% |
| FCY A/c: 1% | |
| 1.6.2. From Local Currency Account | 4% |
| 1.6.3. Staff | Free |
| 1.6.4. From Birr account of NGOs generating FCY and working with Bank | 2% |
| 1.7. Negotiation of Checks | |
| 1.7.1. Outward Bills Collection (OBC) | |
| • Service Charge | Free |
| • Postage (COUNTER) | USD 50.00 |
| • Correspondent handling charge/fee | As per agreement with correspondent bank |
| 1.8. Charges for Service related to NR Accounts | |
| 1.8.1. Cheque Issuance | |
| • FCY Accounts | USD 5.00 per 25 leaves |
| USD 10.00 per 50 leaves | |
| USD 20.00 per 100 leaves | |
| • NR/NT Account | – |
| – | |
| – | |
| 1.8.2. Account statement Delivery | |
| • Account statement delivery by SWIFT | USD 100.00/Month |
| • Account statement delivery by Email | Free |
| 1.8.3. Balance Confirmation | |
| • Abroad | USD 10.00/page |
| • In the Country | Free |
| 1.8.4. Deposit of person Cheques to NR FCY Accounts | Free |
| 2. Export Trade and Incoming Remittance | |
| 2.1. Export LC | |
| • Advising | USD 50.00 FOR advice to other bank, otherwise free |
| • Extension | USD 50.00 for advice to other bank, otherwise free |
| • Amendment | USD 50.00 for advice to other bank, otherwise free |
| • Extension and amendment | USD 50.00 for advice to other bank, otherwise free |
| • Conformation commission | USD 50.00 for advice to other bank, otherwise free |
| • SWIFT received & authentication by BOA other banks | USD 50.00 for advice to other bank, otherwise free |
| • Postage | Free |
| • Cancellation commission | Free |
| 2.2. Small Items Export Permit Issuance | 500 Birr |
| 2.3. Letter to other local banks (For document process at BoA, But proceeds to other local bank) | USD 75.00 |
| 2.4. ODBC | |
| • Exchange commission | Free |
| • Service charge on collection | Free |
| • Service charge on consignment | Free |
| • SWIFT charge | USD 75.00 per page |
| • Photocopy charge | |
| 2.5. Incoming Transfer | |
| 2.5.1.Incoming Transfer – SWIFT | |
| • Service Charge | Free |
| • SWIFT Charge | Free |
| 2.5.2.Cancellation/Retransfer of SWIFT transfer | |
| • Service Charge | Free: Amount <= USD200 = |
| USD50.00: Amount USD201-10,000= USD50.00 | |
| USD 500.00: Amount | |
| USD10,001-100,000 | |
| USD 2,000.00: Amount USD100,001- 500,000 | |
| USD 5,000.00: | |
| FOR >USD 500,001.00 | |
| • SWIFT | USD 75.00 per page |
| 2.6. Foreign Bank Guarantee | |
| 2.6.1. Type A | |
| 2.6.1.1. Incoming foreign bank guarantee issued at the request of correspondent bank abroad with their counter-guarantee | |
| • USD 0 – 500.000.00 | 1.5%; min USD 150.00 for 90 days |
| • USD 500,000.00 – 1,000,000.00 | 1.25%; min USD 150.00 for 90 days |
| • > USD 1,000,000.00 | 1%; min USD 150.00 for 90 days |
| 2.6.1.2. Amendment charges | |
| • Increase in amount of guarantee for every 3 months or part thereof | 1%; min USD 150.00 for 90 days |
| • Extension of guarantee issued/ opened/ confirmed by the bank | As per above article ….., and min USD 100.00 |
| • Other terms of guarantee (amendment or cancelation commission) | Equivalent to USD 200.00 |
| 2.6.2. Type B | |
| • Incoming foreign bank guarantee issued by correspondent | USD 200.00 |
| • SWIFT Charge | USD 75.00 per page |
| 2.6.3. Type C | |
| • Outgoing foreign bank guarantee at the request of local customer against 100% deposit | |
| • Against 100% deposit | 1%; min USD 150.00 for 90 days |
| • | |
| • With credit facility | 2%; min USD 150.00 for 90 days |
| • SWIFT charge | USD 75.00 per page |
| Lending Interest Rate | New | ||||
Item | Tenure | ||||
X<=1 Year | 1 < X <=3 Years | 3 < X <=5 Years | 5 < X <=10 Years | > 10 years | |
| Term Loan/project and or working capital/ | 18% | 18.5% | 19% | 21% | 22% |
| Loan to Micro-Finance Institutions TL | 11% | 12% | 13% | 14% | 15% |
| Loan to Micro-Finance Institutions OD | 12% | ||||
| Term loan for building, construction, vehicle, machinery, equipment and etc | 21% | ||||
| Overdraft Facility | 19.5% | ||||
| Export (Service) Overdraft | 17% @1 Turnover per annum | ||||
| Post-Shipment Facility | @ 5% document discount with 20% interest rate for 90 days | ||||
| Overdrawal | 22% | ||||
| Penalty Interest | 3% on the past due principal amount | ||||
| Pre-shipment facility | To be negotiated by the by appropriate management/appropriate credit sanctioning committee, however the minimum rate shall not go lower than 13% and the maximum rate shall not exceed 21% per 6 months | ||||
| Advance against import bills | 22% | ||||
| Merchandise facility | 20% | ||||
| Loan Related expense account | 17% | ||||
| Staff Loans | Saving rate | ||||
| Loans to NGO’s, Embassies, Diasporas and other foreign currency generating entities/individuals, companies and etc | To be negotiated by the by appropriate management/appropriate credit sanctioning committee | ||||
| Other loan, advances and facilities not covered above | To be negotiated by the by appropriate management/appropriate credit sanctioning committee | ||||
| All loans against cash collateral | Up to 10% depending on the cash collateral coverage. | ||||
| NB: | |||||
| 1) In case of project finance, bank shall consider the higher financed composition. (whichever is higher) | |||||
| 2) Tenure for loan restructuring shall be considered from the original date granted | |||||
| 3) the above interest rates shall also be applicable to Small and Medium Enterprise (SME) loans | |||||
| 4) While converting facilities to instalment loans during restructuring, the tenure for the new loan shall consider the original facility period, as additional 1 year | |||||
| 5) when post-shipment facility is not settled within the given time, the interest rate shall be revised to 21% | |||||
| Local guarantee charges per quarter | |||||
Item | Collateral | ||||
| Cash | Other Collateral | Clean as risk grade collateral req. | |||
| Performance and Suppliers Credit Guarantee | 0.125% or minimum birr 500, however negotiable | 2% or minimum birr 5,000; however negotiable | 3.5% or minimum birr 10,000; however negotiable | ||
| Others Guarantee Types | 0.125% or minimum birr 500, however negotiable | 1.5% or minimum birr 5,000; however negotiable | 2.5% or minimum birr 10,000; however negotiable | ||
| Digital Lending Interest Rate | |||||
NEW | |||||
Period | Interest Rate | ||||
| One Week | 2% of the amount | ||||
| One Month | 4% of the amount | ||||
| Three Month | 10% of the amount | ||||
| Penalty on overdue amount | 3.5% per Month | ||||
Note | |||||
| Other terms for digital lending can be negotiated by the management/committee considering the benefits it may present to the Bank | |||||
| Every Charge is subjected to 15% VAT and same shall be communicated in each dealing with a customers | |||||
| Any facilities, including export ods, export term loans shall carry an interest rate of 21% after restructuring/conversion | |||||
| Loan Processing Fee | |||||||||
No. | Description | Administration fee | |||||||
| <=1M | 1M<x<5m< span=””></x<5m<> | 5M<=X<20M | 20M<=X<50M | 50M<=X<100M | 100M<=X<300M | 300M<x<500m< span=””></x<500m<> | >=500M | ||
1 | Category I | 8,000.00 | 11,200.00 | 40,000.00 | 80,000.00 | 120,000.00 | 160,000.00 | 240,000.00 | 320,000.00 |
| New requests | |||||||||
| Incremental requests | |||||||||
| Renewal with increment | |||||||||
| Appeal | |||||||||
| Rescheduling/waiver/amendment of terms, etc. | |||||||||
2 | Category II | 5,200.00 | 7,800.00 | 11,700.00 | 19,500.00 | 32,500.00 | 65,000.00 | 130,000.00 | 195,000.00 |
| Renewal requests on existing credit facilities | |||||||||
| Cancelation or suspension of foreclosure decision | |||||||||
| Collateral release/replacement/revaluation* | |||||||||
3 | Category III | ||||||||
| Credit Bureau Report Fee | 1,500.00 | 3,000.00 | |||||||
| Moveable Collateral Registration Charge | birr 300 for each registration per contract | ||||||||
| Moveable Collateral Search Report Fee | birr 30 | ||||||||
| Issuance of Letter per page/copy of document per page | birr 100 | ||||||||
| Issuance of Account Statement above the monthly regular report | birr 100 per report | ||||||||
| * Revaluation shall mean revaluation of collateral either to evaluate the progress on project | |||||||||
| Note | |||||||||
| 1 | Staffs of BoA and NGOs with active Mou are exempted from any processing fees except for credit reference bureau report and movable collateral registration charge | ||||||||
| 2 | loan reconsideration shall be free of any fees except for credit reference bureau report and moveable collateral registry charge | ||||||||
| 3 | The calculation of the administration fee shall be based on the sum of the category of the loan request | ||||||||
| 4 | Every Charge is subjected to 15% VAT and same shall be communicated in each dealing with a customer | ||||||||
| 5 | No credit bureau report fee for requests less than birr 100,000 | ||||||||