Business Banking

Account Management

We provide you with opening and managing ETB Bank Account. With full business banking packages including cheque-book issuance, bank transfers, providing statements, AIB is proven in providing excellent customer services in maintaining banks accounts to its customers. The service package provided in this area of operation includes:
A) Deposits
 We furnish you a checking account into which you can transact your funds through issuing cheque. We will collect and deposit cash transactions immediately and collect, clear and deposit cheques at the soonest possible time.
In case where the deposit amount is big enough, Awash Bank shall collect the sales/service deposits by its own from your office.
The bank shall provide off-working hour deposit services whenever the need arise.

B) Statements
Awash Bank shall issue monthly Bank Statements showing the overall transactions made through the bank along with advice and all other documentation. The bank shall issue weekly and annual statement as deemed necessary.

C) Assignment of personnel
The Bank shall identify personnel in both the nearby branch and main office who are available during normal working hours to answer questions pertaining to transactions which require more detailed explanation.

D) Priority service
Should the need arise, provision will be made for priority servicing of your deposits and related banking business, such that your personnel will not need to wait in line to make deposits and will be able to perform all banking business at one work station.
Some of the local currency denominated deposit accounts for business customers is stated here below:

Savings Account
We offer 5% interest on saving deposits compounded monthly.

Current Account
This account does not generate interest income and operated by cheque.

Special Saving Accounts
It is a deposit account having the features of both savings and current accounts. Like savings account it generates interest income and like current account it is operated by cheque. The funds maintained in this account shall bear the prevailing interest rate (5%) on saving

Provident Fund Solution Account (PFSA)
PFSA is designated to benefit different organizations and their staff with attractive interest rate along with loan features. The prevailing interest rate (5%) plus 0.5% bonus will be calculated on individual PF accounts. Moreover, attractive interest rate will be provided depending upon the amount and duration of the provident fund kept at our bank.

Cheque Payments Solution Scheme (CPSS)
CPSS is a special type of account that links savings and current accounts of the same customer as a means of attracting customers for keeping their money in the bank and facilitate the fund transfer process. The current account portion has no interest while the savings account portion gets the prevailing interest rate (5%) plus a bonus of 0.25%.

Time Deposits
Awash Bank’s interest rate on fixed deposits is the most attractive in the industry and ranges from 6% to 12% based on the amount of fund deposited and the duration of time.
If the organization has an accumulated provident fund, Awash Bank can pay attractive interest rate based on the amount and duration of the fund. The rate can be negotiated between the bank and your esteemed organization. 

International Banking/ Trade Services 

We have established a strong financial link with reputable international banks spreading throughout the world. Accordingly, we have correspondent relations and SWIFT arrangements with more than 300 banks all over the world, which will allow us to handle fund transfer from any corner of the world in a shortest possible time.

Forex Bureau Services
We can serve you at your office with in an agreed time interval to cash/convert your staff foreign currency or any other convertible currency cheques in exchange of ETB at prevailing exchange rate. Moreover, we will provide you all kinds of foreign exchange services as per your desire.
Foreign Currency Account Management
We manage foreign currency account so that any type of foreign currency transfers through Bank-to-Bank arrangement (SWIFT) from different corners of the world can be directly channeled to this account within a shortest time or converted to Birr and directly credited to your ETB account.
You can use your foreign currency account to make payment in currencies other than ETB via bank drafts and other commercially accepted payment methods, like cheque, telegraphic transfer etc.

Services for Import Businesses
Letter of credit issuance,
Documentary collection service such as inward bill collection, Shipping Guarantee, Air Waybill Endorsement and others, to quickly take delivery of cargo to avoid costly demurrage charges.
Import financing/financing the purchase of goods and take ownership earlier.

Service for export businesses
Letter of credit advising (Verify the authenticity of Letter of Credit)
Letter of credit confirmation (to eliminate credit and country risks associated with Letter of Credit).
          Letter of Credit Negotiation/Discounting (to convert receivables to cash immediately)
          Letter of credit (purchase goods quickly and easily by transferring export letter of credit).
          Outward bills collection (Collecting payments easily and efficiently)
          Export bills financing
          They export Pre-shipment financing (working capital for purchase of items to be exported against sales contract or Letter of Credit)
          They need export open account Post-shipment Financing
Remittance
Incoming Transfer through Swift
Incoming transfer (remittance) through money transfer agents like Western Union, MoneyGram, Transfast, Xpress money, RIA, Ezremit, Doha Bank, Dubai Remit, Asgori, Alante, Money Trans, T &Y money Transfer, Dahabshil
Outgoing transfer through Swift.
Outgoing Transfer through Demand draft

Funds Transfer Services
The bank shall provide automated local transfer facilities through our state of the art core banking system that allow your company to conduct outgoing transfers and receive data on incoming fund transfers.
Account to account transfer shall bear no fees and charges and credit and debit notices shall be reported at the time the transfer is made and included in the monthly statement.
All incoming transfers will be communicated through popup SMS message immediately at the time transaction is made.
Electronic Banking Services
Online services such as account balance information, transfers between accounts, deposit transaction details, and payment transaction details shall be provided through our online banking (Internet banking) services.
Payroll Administration Services
We provide payroll-handling services to your staff through opening a salary account at our Bank by debiting your company’s account as per your written instruction and crediting the salary account of each staff free of charge. So that, your employees can withdraw the money from our ATM at any hours of the day using the ATM card or personally appearing

Managing payment of per-diem and travel allowances
This product is tailored to NGOs, Large Corporations and bi-lateral organizations. We manage per-diem and other payments to participants of trainings/workshops organized by your good office by assigning our tellers/cashiers from our nearby branch. For events organized within the city where our branch exists, no charge is involved for the service we render. On the other hand, for events organized in a city where we don’t have a branch, an agreed upon (reasonable) charge will be levied on just to cover our expenses.

Non-Financial Products and Service
Apart from the basic financial products and services, Business clients may needs non-financial products and services.

Mentorship, counseling and Advisory services: on the preparation of bankable business plan, suggestion for financial solutions and loan administration through direct interactions with knowledgeable sources to gain insights and expertise.
Training: designed to facilitate the learning and development of new and existing skills and improve performance. This can be done through:

Workshop/seminar
Training referrals to training institutions, information technology firms, nonprofits, universities, and others.
Business support services for start-up enterprises: Non-financial services tailored to the needs of startup businesses under the business clien