List of Banks in Ethiopia: A Comprehensive Guide

Ethiopia has a rapidly growing banking sector, with a total of 16 commercial banks operating in the country.

Commercial banks in Ethiopia are regulated by the National Bank of Ethiopia (NBE), which is responsible for supervising and regulating the banking sector.

Some of the commercial banks in Ethiopia include Dashen Bank, Bank of Abyssinia, and Awash Bank, among others.

These banks offer a range of financial services, including deposit accounts, loans, and credit cards.

Commercial Banks in Ethiopia are quite numerous. Here are some of the notable ones:

Commercial Bank of Ethiopia (State Bank) is one of the oldest banks in the country, established in 1963. It has the largest number of branches, with 1444 across the country.

Some of the notable commercial banks in Ethiopia include:

These commercial banks play a vital role in the country's economy, providing various financial services to individuals and businesses.

Cooperative Banks are a type of bank in Ethiopia that are owned and controlled by their members, who are usually individuals or organizations that share a common interest or goal.

These banks are known for their community-focused approach, often serving rural areas where traditional banking services are scarce. They provide essential financial services to their members, including savings and loan facilities.

Cooperative Banks in Ethiopia are regulated by the National Bank of Ethiopia, which ensures that they operate in a safe and sound manner. They are also required to maintain a minimum capital requirement of 500 million ETB.

One of the key benefits of Cooperative Banks is their ability to offer personalized services to their members, who often have a strong sense of community and shared responsibility. This allows them to build strong relationships with their customers and provide tailored financial solutions.

By leveraging the resources and expertise of their members, Cooperative Banks can offer more competitive interest rates and fees compared to traditional commercial banks. This makes them an attractive option for individuals and organizations seeking affordable financial services.

Ethiopia has a total of 44 commercial banks.

Commercial banks in Ethiopia are categorized into three main groups: state-owned, private, and foreign-owned banks.

The largest bank in Ethiopia by total assets is the Commercial Bank of Ethiopia, with over 40% market share.

Ethiopia's banking sector is relatively young, with the first commercial bank established in 1905.

The National Bank of Ethiopia regulates the country's banking sector and is responsible for ensuring stability and security.

There are several foreign-owned banks operating in Ethiopia, including Barclays Bank and Standard Chartered Bank.