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
13.5647
13.8360
Pound Sterling
20.5912
21.0030
Swiss Frank
12.8930
13.1509
Swedish Kroner
1.8423
1.8791
Norwegian kroner
2.1504
2.1934
Danish Kroner
2.3478
2.3948
Djibouti Franc
0.0771
0.0810
Indian Rupee
0.286417
0.2921

Kenyan Schilling

0.1656
0.1689
Japanese Yen
0.156185
0.163213
Canadian Dollar
12.8575
13.1147
Australian Dollar
11.8827
12.1204
Saudi Riyal
3.6170
3.6893
UAE Dirham
3.6930
3.7669
EURO
17.4958
17.8457
South African Rand
1.7782
1.8138

AIB is a local agent for Five international money transfer Services

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Image 1

 

 

 

Copyright©2009.Awash International Banks.c.