Enat Bank Business and Personal Banking Solutions

Enat Bank offers a range of business and personal banking solutions designed to meet the unique needs of its customers.

Their business banking services cater to small and medium-sized enterprises, providing them with access to working capital, trade finance, and other financial products.

With Enat Bank, businesses can easily manage their finances, make payments, and access credit facilities.

Their personal banking services, on the other hand, focus on providing individuals with convenient and secure banking options, including savings accounts, loans, and credit cards.

Enat Bank's banking solutions are designed to be flexible and adaptable to the changing needs of its customers.

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Enat Bank was founded on September 28, 2008, by a group of 9 female business promoters with a vision to empower women economically and create an inclusive bank.

The bank's board of directors consists of 11 members, with 6 women and 5 men from diverse backgrounds. Over 20,000 shareholders have invested in the bank, with 60% of them being women.

Enat Bank offers a range of services, including customer and commercial banking, non-financial services like capacity building workshops and financial literacy programs for women, and has expanded to 14 branches as of June 2015.

Enat Bank's customer services include internet banking, mobile banking, and USSD application, allowing customers to check balance, transfer money, view account statements, and pay bills online.

Here are some of the key services offered by Enat Bank:

Enat Bank's mission is to create a difference in the market by increasing women's economic skills, and they have already achieved significant success, with a 2% share of the private commercial bank deposit market and a 56% increase in deposits from 2013/2014 to 2014/2015.

Enat Bank was founded on 28 September 2008 by a group of 9 female business promoters with a vision to maximize women's economic capabilities and be an inclusive bank.

The bank has a diverse board of directors, consisting of 11 members, with 6 women and 5 men from different backgrounds.

More than 20,000 shareholders have an interest in investing in the bank, with 60% of them being female.

In September 2011, Enat Bank registered a capital of half a billion birr.

The bank offers a range of services, including customer and commercial banking, as well as non-financial services like capacity building workshops and financial literacy programs for women.

Enat Bank has made a significant impact in the market, ranking as the second largest private bank in Ethiopia in terms of branch expansion.

By 2030, the bank aims to develop its capital.

In the 2014/2015 fiscal year, the bank recorded a remarkable 84% increase in profit after tax, reaching 53.1 million birr.

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Enat Bank has a variety of contact methods, including a SWIFT code (ENATETAA), a phone number (+251-115 158278), and an email address ([email protected]).

You can reach out to Enat Bank through their contact information if you have any questions or need assistance.

Their website features internet banking services that allow you to check your balance, transfer money, view your account statement, control your account progress, and pay bills online.

Enat Bank also offers mobile banking services, including a mobile application, balance inquiry, USSD application, mobile top-up, and money transfer.

The bank offers various loan options, including a personal automobile loan with an interest rate of 14.5%, a diaspora mortgage loan with an interest rate of 14%, a corporate loan with an interest rate of 14.5%, an investment loan with an interest rate of 14.5%, and a working capital loan with an interest rate of 14.5%.

Here are the interest rates for Enat Bank's loan options:

Enat Bank also offers various savings options, including personal savings, women's savings, youth savings, and teen savings, with interest rates ranging from 7% to 7.5%.

Enat Bank offers a range of services to meet your financial needs. You can access their Mobile Banking service by calling *845# to use the USSD.

Their Trade Finance Services are designed for international traders, providing dedicated services for documentary credit, documentary collection, and advance payment. This can be a huge help for businesses looking to expand globally.

Enat Bank also offers various savings options, including Regular Saving, Liquid Savings, and Premium Savings. The Regular Saving account earns a minimum interest rate, while the Premium Savings account has three stages: Silver, Diamond, and Platinum, each with a minimum deposit balance requirement.

Enat Bank offers a range of services to cater to its customers' diverse needs. One of the notable services is Trade Finance Services, which includes documentary credit, documentary collection, and advance payment.

Customers can opt for international trading with Enat Bank's dedicated services, making it easier to conduct business globally. The bank's mobile banking service, Enat Mobile, is another convenient option, offering various packages such as E-Money, E-Payment, E-Commerce, and E-Remittance.

These packages enable customers to make payments, transfer funds, and check account balances using their mobile phones. Additionally, customers can send and receive money, pay utility bills, and withdraw cash from ATMs without a card using their mobile phone.

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Enat Bank's creditworthiness is also impressive, with a credit history score of "A" and a default probability of 0.05% according to the Ethiopian Credit Bureau. The bank's financial highlights include a credit risk rating of "B" from the ECB, indicating a high level of creditworthiness.

Here are some of the services provided by Enat Bank:

Enat Bank's Current Account allows customers to quickly move transactions and pay nominal interest annually, based on the minimum balance. The bank's focus on providing convenient and reliable services has earned it a strong reputation in the market.

Savings is a vital part of our financial lives, and Enat Bank offers a range of options to suit different needs.

Regular Saving accounts are interest-bearing and adaptable, allowing for on-demand deposit and withdrawal. This makes them perfect for short-term savings.

Enat Bank also offers Premium Saving accounts, which come in three stages: Silver, Diamond, and Platinum. These accounts offer attractive and continuous saving interest, conditional to a minimum deposit balance.

The Hybrid savings account is great for those who want to make recurrent transactions and save their principle at the same time. This account allows customers to gain interests on their savings.

For women who want to develop a savings routine, Enat Bank's Women Savings Account is an excellent option. It comes with a 5.5% interest rate, making it a great way to grow your savings over time.

If you're looking for a more traditional savings experience, Enat Bank's Current Account is a good choice. However, be aware that it only offers an insignificant interest rate on a defined timeframe.

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Enat Bank offers a variety of loan services to support its customers' financial needs. Whether you're looking to start or expand a business, or simply need some extra cash for personal expenses, Enat Bank has got you covered.

For business owners, Enat Bank provides services like overdraft and short-term credit to help raise working capital. This can be a lifesaver for exporters facing pre-shipment money shortages, allowing them to get the raw materials and services they need to get their goods shipped on time.

Enat Bank also offers consumer loans for individual borrowers, which can be used to purchase big-ticket items like houses, cars, and furniture, as well as cover expenses like education and medical costs.

If you're a woman looking to start or grow a business, Enat Bank has a Women Special Loan program that provides loans against cash collateral. To be eligible, you must be an Ethiopian citizen and have no registered property in your name or your spouse's name.

Business Loans can be a game-changer for entrepreneurs and small business owners. Enat Bank offers services like overdraft and short-term credit to help raise working capital.

Whether you're expanding an existing business or starting a new one, Enat Bank has got you covered. They provide credit facilities for pre-shipment, which can help with raw materials, processing, warehousing, packing & transporting goods for the timeframe of the shipment.

If you're facing a pre-shipment money shortage as an exporter, Enat Bank's dedicated services can be a lifesaver. Their credit facilities can help you get the support you need to get your goods ready for shipment.

Consumer Loans can be a game-changer for individuals with various financial needs. Enat Bank offers a range of credit services that can help you achieve your goals.

You can use these loans to purchase a house or a car, which can be a significant investment for many people.

Enat’s Choice is a credit facility designed to make life easier for women by allowing them to buy essential items like house equipment, kitchen devices, and furniture.

These loans can also be used to cover expenses such as education fees, travel, and medical bills, which can be a huge relief for those who need it.

If you're a woman looking to start or grow a small business, there's a special loan available to you. This loan is specifically designed for women-owned businesses that may lack the necessary collateral to get started.

To apply for this loan, you must be an Ethiopian by nationality and the business must be solely owned and managed by women. Additionally, you'll need to provide a certificate that proves you don't have any registered property in your name or your spouse's name.

Here are the key requirements to keep in mind:

This loan is a great opportunity for women to access the funding they need to succeed in business.

Enat Bank offers a range of international banking services to its customers, making it easier for them to conduct business globally.

The bank's international banking services include clearing foreign checks, which can be a hassle for businesses that need to receive payments from abroad. Buying foreign cheques that are clean is also a service offered by Enat Bank, allowing customers to easily receive payments from international clients.

Enat Bank's international banking services are designed to make cross-border transactions smooth and efficient, saving customers time and effort.

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Enat Bank offers a range of digital banking services to make managing your finances easier.

You can access Enat Bank's mobile banking service by dialing *845# on your phone. This service allows you to make payments, transfer funds, and check account balances using your mobile phone.

Enat Bank's internet banking platform, EnatOnline, is available 24 hours a day and offers a wide range of services, including balance enquiry, bulk payment, and fund transfer. You can also use EnatOnline to check your account location, display forex rates, and top up your mobile.

Enat Bank's mobile banking service, Enat Mobile, offers various packages, including E-Money, E-Payment, E-Commerce, and E-Remittance. These packages enable customers to make payments, transfer funds, and check account balances using their mobile phones.

Here are some of the key features of Enat Mobile:

Enat Bank's digital banking services are designed to be convenient and secure, allowing you to manage your finances from anywhere, at any time.

At Enat Bank, they're committed to supporting women in business and finance. They offer a Women Special Loan that's specifically designed for small and medium businesses owned by women.

To be eligible, the business must be owned and managed by women, and the owner must be Ethiopian by nationality. They also need to provide a certificate proving they don't have any registered property in their name or their spouse's name.

One of the unique features of Enat Bank is their Women Savings Account, which offers a 5.5% interest rate. This is a great option for women who want to develop a savings routine and earn some interest on their money.

For the Women Special Loan, the requirements are quite specific, but it's worth noting that the loan is secured against cash collateral. This can be a big help for women who might not have the collateral to raise their businesses otherwise.

Here are the key requirements for the Women Special Loan:

Enat Bank offers capacity building and advisory services for women-owned and managed Small and Medium Businesses.

These services are sponsored by Enat Bank's development partners, who serve as advisors to help businesses grow.

Enat Bank's partners can assist with preparing business plans, providing training, and offering advisory services.

Enat Bank aims to provide more detailed and tailored services and products in the future to meet the specific needs of women-owned and managed SMEs.

Enat Bank's capacity building services are designed to help women-owned and managed SMEs succeed and grow.

Enat Bank has a private financial institution status, established to provide effective banking services. It focuses on addressing women's financial access, aiming for development and business growth.

The bank offers a conducive working environment, where promising banking talents can be shaped into seasoned professionals. Enat Bank has a value-adding Management Team and a forward-looking institutional vision.

Enat Bank's attractive compensation packages are in place to attract and retain employees. This is a key factor in the bank's ability to shape and retain top banking talent.

Enat Bank offers a challenging but conducive working environment that shapes promising banking talents into seasoned professionals.

The bank's focus on addressing women with financial access has led to the development of business growth and profitability.

Enat Bank has a Management Team that is value-adding and committed, which helps attract and retain employees.

The bank's institutional vision is forward-looking, and it offers attractive compensation packages to its employees.

The Executive Management Team is a crucial part of any organization, responsible for making key decisions and overseeing daily operations. The team is led by Mr. Ermias Andarge, who serves as the President.

Here are some key members of the Executive Management Team, along with their respective roles: