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
16.5815
16.9131
Pound Sterling
26.5602
27.0914
Swiss Frank
17.2598
17.6050
Swedish Kroner
2.4906
2.5404
Norwegian kroner
2.8427
2.8996
Danish Kroner
2.9806
3.0402
Djibouti Franc
0.0942
0.0989
Indian Rupee
0.364829
0.3721
Kenyan Schilling
0.2045
0.2086
Japanese Yen
0.200842
0.209880
Canadian Dollar
16.8169
17.1532
Australian Dollar
16.5533
16.8844
Saudi Riyal
4.4208
4.5092
UAE Dirham
4.5143
4.6046
EURO
22.2076
22.6518
South African Rand
2.4156
2.4639

AIB is a local agent for Five international money transfer Services

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Image 1

 

 

 

Copyright©2009.Awash International Banks.c.