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
13.3597
13.6269
Pound Sterling
20.093
20.4949
Swiss Frank
1.8691
1.9065
Swedish Kroner
1.8691
1.9065
Norwegian kroner
2.2542
2.2993
Danish Kroner
2.4389
2.4877
Djibouti Franc
0.0759
0.0797
Indian Rupee
0.290428
0.2962

Kenyan Schilling

0.1738
0.1773
Japanese Yen
0.149471
0.156197
Canadian Dollar
12.9517
13.2107
Australian Dollar
12.0638
12.3051
Saudi Riyal
3.5623
3.6335
UAE Dirham
3.6374
3.7101
EURO
18.1518
18.5148
South African Rand
1.7877
1.8235

AIB is a local agent for three international money transfer Services

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Image 1

 

 

Copyright©2009.Awash International Banks.c.