17.0402
   
             
 
 
 
 


 
 Services


Domestic

Banking

 

AIB's domestic banking wing provides a range of services, including, lending, deposits, cash management, and custodial services. The following are few of AIB's service offerings.

  • Operating savings accounts, time and demand deposits, including non-resident accounts for eligible foreigners residing in Ethiopia, Non-Resident Ethiopian, Non-Resident of Ethiopian Origin.
  • Providing short-term loans and overdraft facilities to all sectors of the economy (trade, industry, construction, agriculture, transport and etc.)
  • Providing long-term finance for large projects
  • Issuing letters of guarantee, bid and performance bonds.
  • Rendering DOMESTIC money transfer services. 
  • Issuing payment  instruments such as Cashier's Payment Orders, Demand Drafts and Certified Checks.
  • Mobilizing savings and promoting investments.
  • Providing expert advice in banking and finance.
  • Providing advisory services on policies related to the private sector in Ethiopia

         

 

Annual Exporters Day    


Ato Bekele Nedhi, AIB's BOD Chairman handing trophy to an outstanding Exporter

AIB honors Exporters for their outstanding performance and contribution in boosting AIB's and the country's foreign currency reserves every year.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International

Banking

 

AIB Provides International Banking services such as:

  • Import letters of credit.
  • Export letters of credit.
  • Money transfers.
  • Handling foreign currency transactions, namely:  Buying and selling travelers cheques and foreign currency notes.
  • Maintaining and operating non-resident accounts.
  • International network of Correspondent Banking Relations.

Daily Exchange Rate
for Transactions
Currency
Buying
Selling
USD
17.1758
17.5193
Pound Sterling
27.0296
27.5702
Swiss Frank
18.8807
19.2583
Swedish Kroner
2.5402
2.5910
Norwegian kroner
2.9808
3.0404
Danish Kroner
3.1173
3.1796
Djibouti Franc
0.0954
0.0973
Indian Rupee
0.333835
0.3405
Kenyan Shiling
0.1906
0.1944
Japanese Yen
0.220939
0.225358
Canadian Dollar
16.8572
17.1943
Australian Dollar
17.5605
17.9117
Saudi Riyal
4.5761
4.6713
UAE Dirham
4.6761
4.7696
EURO
23.1702
23.6336
South African Rand
2.1074
2.1495

AIB is a local agent for Five international money transfer Services

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Image 1

 

 

 

Copyright©2009.Awash International Banks.c.