Tsehay Bank Information and Banking Solutions

Tsehay Bank has made a significant impact in the Ethiopian banking industry with its innovative banking solutions. It offers a wide range of services to its customers.

Tsehay Bank's mission is to provide accessible and reliable financial services to its customers. The bank aims to increase financial inclusion in Ethiopia, especially in rural areas.

Tsehay Bank has a strong presence in Ethiopia, with a large network of branches and ATMs. This makes it easy for customers to access their accounts and conduct financial transactions.

Tsehay Bank's services include personal banking, corporate banking, and digital banking solutions. These services cater to the diverse needs of its customers, from individual account holders to large corporations.

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Tsehay Bank was launched in July 2022 with a capital of 734 million Ethiopian birr, collected from its 373 shareholders.

We're proud to say that Tsehay Bank is one of the few banks that collected above the minimum capital requirements set by the National Bank of Ethiopia.

Our founding CEO, Yared Mesfin Belayneh, played a crucial role in establishing the bank.

Tsehay Bank's history began on February 18, 2021, with a Shareholders' General Assembly held at Sheraton Addis Hotel.

The bank's name, Tsehay, translates to "The Sun" in Amharic, and our motto is "For All", reflecting our commitment to financial inclusion.

We aim to become one of the best private banks in East Africa by 2040.

Our institutional shareholders have extensive experience in various business segments, including banks, manufacturing, agriculture, and more.

Tsehay Bank started operations with 30 branches in Addis Ababa and other major towns and cities across the country.

We plan to grow our number of branches to 100 by the end of 2023.

Our core values are built around Integrity, customer service, teamwork, empowerment, professionalism, learning organization, and corporate citizenship.

Tsehay Bank's operations are designed to provide a seamless banking experience for its customers. The bank's online banking system is available 24/7, allowing customers to check their account balances, pay bills, and transfer funds with ease.

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The bank's mobile app is user-friendly and allows customers to access their accounts from anywhere, at any time. It also features a bill payment service that enables customers to pay their bills with just a few clicks.

Tsehay Bank has a wide network of branches and ATMs across the country, making it convenient for customers to access their money and conduct banking transactions.

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Tsehay Bank's headquarter is located at Sierra Leone Av., Meaza Desalegn Tower, Beklo Bet, Kirkos Sub-city, Addis Ababa, Ethiopia.

The bank's SWIFT Code is TSCPETAA.

Knowing the bank's physical location and SWIFT Code can make it easier to conduct business with them, whether it's sending or receiving international payments.

Tsehay bank offers a range of deposit products designed to meet the diverse needs of its customers.

The bank's deposit products include Youth Saving Accounts, Woman Saving Accounts, Elders Accounts, Teen Youth Saving Accounts, and Minor/Juniors Saving Accounts.

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These accounts are designed to cater to different age groups and demographics, making banking more accessible and convenient for everyone.

Tsehay bank also offers Fajr, an interest-free banking service that operates in compliance with Sharia principles. Fajr is accessible to all individuals, private business entities, and governmental institutions that meet the bank's eligibility criteria.

Fajr is provided at all Tsehay bank branches, with two full-fledged IFB branches launched in Addis Ababa and Sheger towns, and plans to extend its services further.

The bank has formed a renowned Sharia advisory committee to ensure that its IFB services are in line with acceptable Sharia principles.

Here are some of the saving products offered by Tsehay bank under its Fajr service:

These products demonstrate the bank's commitment to providing a wide range of deposit options that cater to different customer needs and preferences.

Tsehay Bank offers convenient online banking services. You can check your balance, transfer money, view your account statement, control your progress, and even pay bills online.

With Tsehay Bank's mobile banking, you can access your account on the go. The mobile application allows you to check your balance, and you can also use USSD to inquire about your balance.

Here are some of the key mobile banking features:

If you need any assistance with your account, you can reach out to Tsehay Bank via email at [email protected].

Tsehay Bank offers a range of convenient services through its internet banking platform. You can check your balance, transfer money, view your account statement, control your progress, and even pay bills online.

Tsehay Bank's mobile banking app is a great alternative for those who prefer to manage their finances on-the-go. The mobile application allows you to check your balance and transfer money.

One of the most useful features of Tsehay Bank's mobile banking is the USSD application, which enables you to perform various transactions using a simple text-based interface. You can also top up your mobile phone and transfer money using the mobile banking service.

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Tsehay Bank's customer support team can be reached at [email protected] if you have any questions or need assistance with your account.

Here are the services you can access through Tsehay Bank's internet and mobile banking platforms:

The exchange rate is a crucial factor to consider when dealing with international transactions. It can fluctuate significantly, so it's essential to stay informed.

Tsehay Bank offers competitive exchange rates for various currencies. For example, the buying rate for USD is 125.97, while the selling rate is 128.49, resulting in a difference of ±2.51.

The exchange rates for other currencies are also available. The buying rate for GBP is 154.08, and the selling rate is 157.16, with a difference of ±3.08. Similarly, the buying rate for EUR is 130.01, and the selling rate is 132.61, with a difference of ±2.60.

If you're looking to exchange CAD, the buying rate is 86.95, and the selling rate is 88.69, with a difference of ±1.73. For SAR, the buying rate is 33.33, and the selling rate is 33.99, with a difference of ±0.66.

Here's a summary of the exchange rates for the mentioned currencies:

Tsehay Bank offers a range of digital services to its customers, aiming to make banking more convenient and accessible.

The bank provides digitized banking services that minimize cost and time, making it easier for customers to manage their finances.

One of the key digital services offered by the bank is mobile banking, which allows customers to access their accounts and perform transactions on the go.

The bank also offers internet banking, which provides customers with a secure online platform to manage their accounts and conduct transactions.

Mobile wallet is another digital service offered by the bank, allowing customers to store their money and make payments digitally.

Agency banking is also available, enabling customers to conduct banking transactions through agents and representatives.

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Tsehay Bank offers a range of digital services that cater to the needs of its customers. Their services are designed to be convenient and accessible, allowing customers to manage their finances from the comfort of their own homes.

All of Tsehay bank branches provide different domestic banking services for local customers. Customers can process their banking activities locally through their various services.

Tsehay Bank's digital services are designed to be user-friendly and efficient, allowing customers to easily access their accounts and perform transactions online.

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Digital services are revolutionizing the way we live and work. They're making our lives easier, faster, and more convenient.

Tsehay Bank is a great example of how digital services can benefit customers. It offers a range of digitized banking services to minimize costs and time.

With services like Payment Cards, ATMs, and POS Terminals, customers can easily manage their finances. Mobile Banking and Internet Banking allow them to access their accounts from anywhere.

Mobile Wallet and Agency Banking further increase the bank's online accessibility. This is especially useful for people who may not have traditional banking services available in their area.

Digital services like these are changing the way we think about banking and financial transactions. They're making it possible to do more with less.

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Tsehay Bank's management team is comprised of highly experienced and skilled professionals who oversee various aspects of the bank's operations.

The bank's CEO is Ato Yared Mesfin, who leads the executive management team. Ato Berihun Desta serves as the Deputy Chief Corporate Service Officer, while Ato Mengistu Shimeles is the Chief Marketing and Strategy Officer.

Here is a list of some of the key directors and their respective departments:

Tsehay Bank's mission statement is an enduring statement of purpose, guiding the bank's actions and inspiring its employees to strive for excellence.

The bank's mission is to deliver sustainable value to its stakeholders by providing banking services that ensure the best customer experience.

Using cutting-edge technology and qualified employees, the bank aims to achieve this mission.

The bank's mission statement is a guide for what it's striving to become in the future.

Tsehay Bank is one of the under formation banks in the country, with a total of 2.9 billion birr subscribed shares.

The bank has amassed almost 735 million birr in paid-up capital from 373 shareholders.

The lowest share sell was set at 100,000 birr, while the highest a shareholder can buy was 100 million birr.

This unique approach to share selling has helped the bank to achieve its mission.

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The Executive Management Team is a crucial part of any organization, and it's interesting to see the team behind the scenes of this company.

Ato Yared Mesfin serves as the CEO, leading the team with a clear vision and strategy.

Ato Berihun Desta is the Deputy Chief Corporate Service Officer, supporting the CEO in various corporate matters.

The team is rounded out by several other key leaders, each with their own area of expertise.

Ato Mengistu Shimeles is the Chief Marketing and Strategy Officer, responsible for developing and implementing marketing strategies.

Ato Mezgebe Yifru is the Chief Credit and International Banking Officer, overseeing credit and international banking operations.

Ato Samuel Tadesse is the Chief Banking Operation Officer, ensuring smooth banking operations.

Ato Wossen Alemeye is the Chief Information Officer, responsible for the company's information systems and technology.

Ato Abayneh Animaw is the Director of Bahir Dar District, overseeing operations in that region.

Ato Abebaw Zewdie is the Director of Marketing & Corporate Communication, handling marketing and corporate communication efforts.

Ato Animaw Demissew is the Director of Internal Audit Department, ensuring the company's financial integrity.

Ato Animut Yayu is the Director of Northeast District, managing operations in that region.

Ato Ashenafi Girma is the Director of Strategy & Innovation, developing innovative strategies for the company's growth.

Ato Bayou Tilahun is the Director of Operation and Business Support, supporting operational and business activities.

Ato Berhane Babe is the Director of Customer Relationship Management, focusing on building strong customer relationships.

Ato Demeke Gashaw is the Director of Core System and Data Analytics Department, overseeing core systems and data analytics.

Ato Eskezia Mengistie is the Director of Risk & Compliance Management, ensuring the company's compliance with regulatory requirements.

Ato Frezer Fetene is the Director of IT Infrastructure and Security, responsible for the company's IT infrastructure and security.

Ato Israel Begashaw is the Director of Legal Service Department, handling legal matters for the company.

W/ro Kerima Ali is the Director of Interest Free Banking, overseeing interest-free banking operations.

W/ro Kirubelawit Sahlu is the Director of Digital Banking Business, managing digital banking initiatives.

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Ato Michael Tamyalew is the Director of Southwest District Office, overseeing operations in that region.

Ato Mitiku Murezha is the Director of Digital Banking Technology, responsible for digital banking technology.

Ato Samson Amdissa is the Director of Finance and Treasury Management, managing the company's finances.

Ato Teshome Habteselassie is the Director of Human Resource Management Department, overseeing HR activities.

Ato Tewodros Yibe is the Director of Credit Appraisal & Portfolio Management, responsible for credit appraisal and portfolio management.

Ato Tilaye Eshetu is the Director of International Banking Department, overseeing international banking operations.

Ato Wondayehu Tesfaye is the Director of Facility Management Department, managing the company's facilities.

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Tsehay Bank has been around for a relatively short time, established on July 23, 2022.

The bank started with a paid-up capital of Birr 734 million and an authorized capital of Birr 2.8 billion.

Tsehay Bank's paid-up capital has since grown to Birr 1.16 billion, a notable increase from its initial amount.

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The bank has also managed to raise its subscribed capital to Birr 5 billion, which is a significant milestone.

Tsehay Bank has a strong presence in Ethiopia, with its branch networks reaching 88+ locations.

The bank's goal is to serve the unbanked community in the country through a combination of branch banking and technology.

Tsehay Bank's customer service standards are designed to be respectful and helpful.

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