Mobile Banking Service Terms and Tariff
Transfer with in Awash bank Accounts (Including Saccos transfer and Payment)
| BOA | CBE | Awash Existing | Awash New Tariff | ||||
| Transaction amount | Commission amount | Transaction amount | Commission | Transfer Amount | Existing | Transfer Amount | Proposed Charges |
| Charges | |||||||
| Any amount | Free | ETB1- 1,000: | ETB 0.5 | Up to 10,000 | 1Birr | ETB 1 – 1000 | 1 Birr |
| ETB1,001- 5,000 | ETB 1 | 10,001-50,000 | 3 ETB | 1,001 – 5,000 | 2 Birr | ||
| ETB5,001- 10,000 | ETB 2 | 50,001-100,000 | 5 Birr | 5,001-10,000 | 3 ETB | ||
| ETB10,001 – 50,000 | ETB 3 | Above 100,000 | 15 Birr | 10,001–50,000 | 4 ETB | ||
| ETB50,001 – 100,000 | ETB 5 | 50,001 -100,000 | 6 ETB | ||||
| ETB100,001- 200,000 | ETB 10 | 100,001–300,000 | 12 ETB | ||||
| 300,0001–500,000 | 20 Birr | ||||||
| ETB200,001-300,000 | ETB 15 | Above 500,000 | 25 Birr | ||||
| Above 300,000 | ETB 20 | ||||||
Transfer to other Banks
BOA | CBE | Dashen Bank | Awash Existing | Awash New Tariff |
Transaction Amount | Transaction Amount | Transfer Amount | Transfer Amount | Transfer Amount |
0.2% of principal on top of ET-SWITCH charge | ETB5 plus ETSWITCH charge | As per Ethswitch pricing | As per Ethswitch pricing +0.2% | As per Ethswitch pricing +0.2% |
Other payments
| Service Type | Tariff (ETB) |
| Merchant payment on Awash QR | Free |
| Merchant payment on other Bank QR | Ethswitch pricing +0.2% |
| Transfer to own account | Free |
| Exchange rate inquiry | Free |
| Balance inquiry | Free |
| Mini & Full Statement | Free |
Transfer to wallet (Telebirr, M Pessa, Yaya wallet, Kacha, wallet Birr, Awach saccos, others), dealer and Agent deposit, Safaricom, ethio telecom, Dangote)
BOA | CBE | Dashen | Awash Existing | Awash Tariff | |||||
Txn AMt | Tariff | Txn AMt | Tariff | Txn AMt | Tariff | Transfer Amount | Existing Tariff | Amount | Proposed Tariff |
<10,000 | ETB 10 | 1ETB– 10k birr | 10 ETB | ETB 1 – 5,000 | ETB 5 | up to 5,000 | 2 ETB | Up to 5,000 | 5 |
>10,000 | ETB 15 | Above | 15 ETB | ETB 5,001 – 15,000 | ETB 10 | 5,001-15,000 | 5 ETB | 5,001-10,000 | 10 |
10k ETB | > ETB 15,000 | ETB 15 | Above 15,000 | 10 ETB | 10,001-50,000 | 15 | |||
| 50,001-100,000 | 20 | |||||||
| 100,001- 300,000 | 25 | |||||||
| 300,001- 500,000 | 35 | |||||||
| Above 500,000 | 50 | |||||||
Bill payments (ethio telecom, Safaricom & others)
BOA | CBE | Dashen | Awash Existing | Awash New Tariff | ||
Transaction AMt | Amount | Tariff | Txn Amt | Tariff | Amount | Tariff |
Free | 1- 1,000 | 0.5 | Free | 3 ETB on AwashBirr pro· | 1- 1,000 | 3 |
1,001- 5,000 | 1 | 5 ETB on branch | 1,001- 5,000 | 4 | ||
5,001- 10,000 | 2 |
| 5,001- 10,000 | 5 | ||
10,001 – 50,000 | 3 |
| 10,001 – 50,000 | 10 | ||
50,001- 100,000 | 5 |
| 50,001- 100,000 | 15 | ||
100,001-200,000 | 10 |
| 100,001-200,000 | 20 | ||
200,001-300,000 | 15 |
| 200,001-300,000 | 25 | ||
Above 300,000 | 20 |
| Above 300,000 | 30 | ||
Utility Payments (EEU, Addis Ababa water, Shaggar City water and others)
BOA | CBE | Dashen | Awash Existing | Awash New Tariff | ||
Tariff | Amount | Tariff | Tariff | Tariff | Amount | Tariff |
|
|
|
|
| 1-500 | Free |
Free | 1- 1,000 | 0.5 | Free | Free | 501- 1,000 | 1 |
1,001- 5,000 | 1 | 1,001- 5,000 | 2 | |||
5,001- 10,000 | 2 | 5,001- 10,000 | 3 | |||
10,001 – 50,000 | 3 | 10,001 – 50,000 | 4 | |||
50,001- 100,000 | 5 | 50,001- 100,000 | 5 | |||
100,001-200,000 | 10 | 100,001-200,000 | 10 | |||
200,001-300,000 | 15 | 200,001-300,000 | 15 | |||
Above 300,000 | 20 | Above 300,000 | 20 | |||
School fee, Ethswitch Bill, Derash bill, Derash Tax, Annual sub. & Re issuance of Mobile banking pin respectively
Services | BOA | CBE | Dashen | Awash Existing | Awash New Tariff |
Amount & Tariff | Amount & Tariff | Amount & Tariff | Transfer Amount & Charges | Transfer Amount & Proposed Charges | |
School Fee | Free | N/A | N/A | Free | • 5 ETB on AwashBirr pro |
• 10 ETB at Branch | |||||
Ethswitch Bill | Free | Free | Free | As per Ethswitch pricing + 0.2% | Ethswitch pricing + 0.2% of the principal amount |
pricing + 0.2% | |||||
Derash bill | Free | Free | Free | Free | As per Derash term and tariff |
Derash Tax | Based on the INSA Tariff | Based on the INSA Tariff | Based on the INSA Tariff | Based on the INSA Tariff | Based on the INSA Tariff |
Annual account subscription fee | ETB 30/Annum | 5 ETB per month | Free | 25 ETB Per annum | 30 ETB Per annum |
PIN Reset | Free | Free | Free | Free | Free |
Ethiopian Airlines Ticket payment charge
BOA | CBE | Dashen | Awash Existing | Awash New Tariff |
| |||
Amount & Tariff | Amount | Tariff | Amount & Tariff | Transfer Amount & Tariff | Transfer Amount &Proposed Tariff | |||
Free | ETB1- ETB1,000 | ETB0.50 | 0.50% | 0.5% and Max of 100 ETB on AwashBirr pro
0.6% and Max of 200 ETB at Branch
| 0.5% and Max of 100 ETB on AwashBirr pro
0.6% and Max of 200 ETB at Branch
| |||
ETB1,001- ETB5,000 | ETB1 | |||||||
ETB5,001- ETB10,000 | ETB2 | |||||||
ETB10,001 – ETB50,000 | ETB3 | |||||||
ETB50,001- ETB100,000 | ETB5 | |||||||
ETB100,001 – ETB200,000 | ETB10 | |||||||
ETB200,001 – ETB300,000 | ETB15 | |||||||
Above ETB300,000 | ETB20 | |||||||
ATM cash out on us
BOA | CBE | Dashen | Awash Existing | Awash New Tariff
|
Tariff | Tariff | Tariff | Tariff | |
0.45% | 0.35% | 0.35% | 0.35% | 0.45% |
Virtual Card
Services | BOA | CBE | Dashen | Awash Existing | Awash Proposed Commission |
Amount & Tariff | Amount & Tariff | Amount & Tariff | Transfer Amount & Charges |
Proposed Charges | |
Virtual Card Issuance Local | N/A | N/A | N/A | N/A | 100 ETB |
Virtual International Card Issuance | N/A | 200 ETB | N/A | N/A | 300 ETB |
Physical Card request via Mobile application
Services | BOA | CBE | Dashen | Awash Existing | Awash New Tariff |
Txn AMt | Amount & Tariff | Txn AMt | Transfer Amount & Charges | Transfer Amount & Proposed Charges | |
Physical Debit Card Request, renewal and replacement via Mobile ( Debit and Amanah card) | 100 ETB | 200 ETB | N/A | N/A | 200 ETB |
Physical International Card Request and replacement via Mobile | 500 ETB | 400 ETB | 500 ETB | N/A | 500 ETB |
Physical Credit Card Request,Renewal and Replacemnt via Mobile | N/A | N/A | N/A | N/A | 200 ETB |
Re issuance of Card pin using AwashBirr pro(PIN mailer) | 25 | 50 | Free | 15 | 25 ETB |
Re issuance of Card pin using Awashpro(Green PIN) | N/A | N/A | N/A | Free | Free |
E ticketing Purchase | N/A | N/A | N/A | N/A | 10 ETB per Ticket on MB |
20 ETB per ticket @Branch | |||||
Bulk and restricted Aid Payment | N/A | ETB5/person | N/A | Free | 5 ETB per beneficiary |
AwashRemit Transfer | N/A | Free | N/A | N/A | Free |
Internet Banking Service Terms and Tariff
Card Issuance, Transaction and Management Fee
Internet Banking Service Terms and Tariff
Service type | CBE | Awash, Existing | Awash New Tariff |
Transfer to another Bank | Up to Birr 2,000 = ETB 5 plus ETHSWITCH Charge | Ethswitch pricing | Ethswitch pricing plus an additional 0.2%, subject to a maximum cap of ETB 200 per transaction, in excess of the prevailing Ethswitch tariff. |
Above Birr 2,000 = Birr 50 plus ETSWITCH Charge | |||
(LMTS) ATM cash Out | N/A | 0.35% | 0.45% |
Transfer to own account | FREE | Free | Free |
Transfer to other awash account | FREE | Free | Up to 10,000 = 3 Birr |
10,001 – 50000 = 5 Birr | |||
50,001 -100,000 = 10 Birr | |||
1,00001–300,000 Birr = 15 Birr | |||
300,0001–500,000= 20 Birr | |||
Above 500,000 =25 Birr | |||
Cheque book request | FREE | Free | Free |
Subscription fee | FREE | Free | Free |
Account overview and statement | FREE | Free | Free |
Bulk payment | 5 per beneficiary | Free | 5 ETB per beneficiary |
Card Banking Terms & Tariffs
Card Banking Services | CBE | BOA | Dashen | Awash, Existing Tariff | Awash New Tariff |
Issuing debt cards | 200 | 100 | 70 | 50ETB | 200 ETB |
Re-issuance of PIN | 25 | 50 | Free | 15 | 30 ETB |
Debit Card Renewal Fee | 200 | Free | Free | Free | 200 ETB |
Debt card replacement fee (lost or stolen) | 200 | 100 | 100 | 100ETB | 300 ETB |
ATM card cancellation or blocking | Free | Free | Free | Free | Free |
Additional account link | Free | Free | 25 | Free | Free |
PIN Reset | 20 | Free | Free | Free | Free |
International pre-paid card issuance | 400 | 500 | 500 | 100ETB | 500 ETB |
Credit card issuance | N/A | N/A | N/A | 150ETB | 200 ETB |
Credit card Replacement | N/A | N/A | N/A | 150ETB | 200 ETB |
Credit card Renewal | N/A | N/A | N/A | 150ETB | 200 ETB |
ATM Cash-out, On Us Txn | 0.35% | 0.45% | 0.35% | 0.35% | 0.45% |
ATM Cash-out, Remote on Us Txn | Per Etswith Price | Per Etswith Price | Per Etswith Price | Per Etswith Price + 0.2% | Ethswitch Price 0.20% |
Merchant POS Transaction | Free | Free | Free | Free | Free |
POS Cash Advance | 0.45% | Free | Free | Free | Free |
Agent Banking Fees
Cash-In (Deposit to Awash Bank accounts, and Deposit to partners account (MPESA, Kacha, Awash SACCO Ac etc.)
Previous terms and tariffs | Proposed terms and tariffs | ||||||
Minimum | Maximum | Customer Charge | Agent Commission | Minimum Txn Limit | Maximum Transaction Limit | Customer Charge | New Agent Commission |
25 | 500 | Free | 4.5 | <100 | Free | 2% | |
501 | 1,000 | 6 | 101 | 1000 | 6 | ||
1,001 | 3,000 | 8 | 1,001 | 2000 | 7 | ||
3,001 | 6,000 | 10 | 2,001 | 4,000 | 8 | ||
6,001 | 8,000 | 11 | 4,001 | 6,000 | 12 | ||
8,001 | 10,000 | 12 | 6,001 | 8,000 | 15 | ||
10,001 | 15,000 | 15 | 8,001 | 10,000 | 17 | ||
15,001 | 20,000 | 18 | 10,001 | 15,000 | 18 | ||
Above 20,000 | 20 | 15,001 | 20,000 | 20 | |||
20,000 | 50,000 | 25 | |||||
Bill Payment
Service Type | Previous terms and tariffs | Proposed terms and tariffs | |||||||
Minimum | Maximum | Customer Charge | Agent Commission | Minimum Txn Limit | Maximum Transaction Limit | Customer Charge | New Agent Commission |
| |
Bill Payment (All Bill payment types including school fee) | 25 | 500 | Free | 4.5 | 5 | 100 | Free | 2% |
|
501 | 1,000 | Free | 6 | 101 | 500 | 5 |
| ||
1,001 | 3,000 | Free | 8 | 501 | 1,000 | 8 |
| ||
3,001 | 6,000 | Free | 10 | 1,001 | 3,000 | 10 |
| ||
6,001 | 8,000 | Free | 11 | 3,001 | 6,000 | 11 |
| ||
8,001 | 10,000 | Free | 12 | 6,001 | 8,000 | 13 |
| ||
10,001 | 15,000 | Free | 15 | 8,001 | 10,000 | 14 |
| ||
15,000 | 20,000 | Free | 18 | 10,001 | 15,000 | 16 |
| ||
>20,000 | Free | 20 | 15,000 | 20,000 | 20 | ||||
|
|
|
| >20,000 |
| 22 |
| ||
Account opening | NA | NA | Free | 15 | NA | NA | Free | 15 |
|
Sale Airtime | NA | NA | Free | 5% | NA | NA | Free | 2% |
|
Transfer to Walk in customer | 5 | 5000 | 5 | 3.75 | 100 | 5000 | 5 | 5 |
|
Fund Transfer (From Agent float to other Awash Bank customer Account) | 51 | 100,000 | Free | Free | 50 | 100,000 | Free | Free |
|
Inter Bank Transfer (From Agent float to another Bank) | 51 | 30,000 | NA | NA | 51 | 30,000 | Free | Agent will be charged by Ethswitch Tariff |
|
Cash-out (From Wallet, Card and Core Banking account)
Previous terms and tariffs | Proposed terms and tariffs | ||||||
Minimum | Maximum | Customer Charge | Agent Commission | Minimum Txn Limit | Maximum Transaction Limit | Customer Charge | New Agent Commission |
25 | 100 | 2 | 1.5 | 25 | 100 | 4 | 3.2 |
101 | 500 | 4 | 3 | 101 | 500 | 5 | 4 |
501 | 1,000 | 5 | 3.75 | 501 | 1,000 | 6 | 4.8 |
1,001 | 3,000 | 8 | 6 | 1,001 | 3,000 | 8 | 6.4 |
3,001 | 6,000 | 10 | 7.5 | 3,001 | 6,000 | 10 | 8 |
6,001 | 8,000 | 12 | 9 | 6,001 | 8,000 | 13 | 10.4 |
8,001 | 10,000 | 14 | 10.5 | 8,001 | 10,000 | 15 | 12 |
10,001 | 15,000 | 16 | 12 | 10,001 | 15,000 | 17 | 13.6 |
15,001 | 20,000 | 20 | 15 | 15,001 | 20,000 | 20 | 16 |
Above 20,000 |
| 25 | 18.75 | 20,001 | 50,000 | 25 | 20 |
Awash Bank and RAYS MFI Interoperability Partnership on Agency Banking Fee Structure
Activities | SOW | Intervals | Package/Unit Price | Deliverables | Share of Fee | |||
Bank | Customer | Rays | Bank | Rays and Its agents | ||||
Customer Registration | Awash customer registration | Per Customer | 15 | Free | Free | Register Customer for Awash Bank M-Wallet account, collect documents for account opening, perform KYC & forward to the nearby branch | Payee | 15 |
Transactional Services | Deposit (Transfer from Salary Mobile Banking Wallet to Awash Regular Savings Account or M-Wallet account, Direct Deposit to Awash Bank account at RAYS MFI Agents or Deposited from RAYS MFI branches by Awash Bank Customers) | 25–500 | 3 | Free | Free | Amount Deposited to Customer’s regular saving or M-Wallet Account in Awash Bank | Payee | 100% |
500–1000 | 5 | Free | Free | |||||
1001–3000 | 7 | Free | Free | |||||
3001–5000 | 8 | Free | Free | |||||
5001–8000 | 10 | Free | Free | |||||
Withdrawal (Transfer from Awash Bank regular savings Account or M-Wallet account to Salary Mobile Banking Wallet, Direct withdrawal from Awash Bank Account at RAYS MFI Agents or withdrawal from RAYS MFI branches by Awash Bank Customers) | 25–500 | 4 | Free | Free | Amount Withdrawn from Customer’s Regular Savings or M-Wallet Awash Bank Account | 25% | 75% | |
500–1000 | 8 | Free | Free | |||||
1001–3000 | 12 | Free | Free | |||||
3001–5000 | 15 | Free | Free | |||||
5001–8000 | 18 | Free | Free | |||||
Activities | SOW | Intervals | Package/Unit Price | Deliverables | Share of Fee | |||
Bank | Customer | Rays | Bank | Rays and Its agents | ||||
Transactional Services | International Remittance | 25–500 | 4 | Free | Free | Amount withdrawn from Awash Bank M-Wallet account | 25% | 75% |
500–1000 | 10 | Free | Free | |||||
1001–3000 | 12 | Free | Free | |||||
3001–5000 | 15 | Free | Free | |||||
5001–8000 | 20 | Free | Free | |||||
Bill Payment | 0.00–1000 | – | 2 | Free | Awash bank customer pays bill amount for registered billers | 25% | 75% | |
1001–5000 | – | 4 | Free | |||||
5001–8000 | – | 6 | Free | |||||
| 25–1000 | – | 2 | Free | Pay send money by Awash Bank customer | 25% | 75% | |
1001–5000 | – | 4 | Free | |||||
5001–8000 | – | 6 | Free | |||||
Informational | Balance Mini-statement | Per request | Free | 2 | Free | Information Received |
| 100% |
All Local Money Transfer(LMT)
| 1.1 | Service, Terms and Condition | Terms & Tariffs | |
| Commission | Service does not exist. | ||
| From Account | |||
| From non -account holder (cash) | |||
| Service Charge | |||
| 1.2 | Amendment (on customer’s Request) | ||
| Service Charge | |||
| 1.3 | Staff Transfer(LMT) | ||
| Commission | |||
Account related Transfer Transaction
| Service, Terms and Condition | Terms & Tariffs | ||
| 2.1 | Account-to-Account Transfer | ||
| Birr 1 – Birr 10,000 | Birr 5 (Free for IFB) | ||
| Birr 10,001 – 100,000 | Birr 10 (Free for IFB) | ||
| Above Birr 100,000 | Birr 10 plus Birr 5 per 100,000, max Birr 100 (Free for IFB) | ||
| 2.2 | Transfer from Customer’s Account to other bank accounts (RTGS) for CPO, Cheque, Letter. | Birr 100 Plus Third Party Charge | |
| 2.3 | Incoming Special* Clerance | Birr 100 Plus Third Party Charge | |
| 2.4 | OBC* | Birr 20 Plus third party Charge | |
| 2.5 | Transfer of tax collected on behalf of the Governement to NBE account* | Birr 100 flat | |
Bankers Cheque (CPO)
| Service, Terms and Condition | Terms & Tariffs | ||
| 3.1 | Upon Issuance | ||
| Commission | |||
| From Account | Birr 100 Flat | ||
| From non-account holder (cash) | Up to Birr 100,000 = Birr 300 | ||
| From 100,001 – 2,000,000 = Birr 1000 | |||
| Above Birr 2,000,000 = Birr 1500 | |||
| 3.2 | Upon Replacement of the Bankers Cheque | ||
| Service Charge | Birr 200 for account holders | ||
| Birr 600 for Non-account holder | |||
| 3.3 | Upon Bankers Cheque Cancellation/voiding | ||
| Service Charge (For voiding) | Birr 200 flat for Account holders | ||
| Birr 400 flat for Non-Account holders | |||
| 3.4 | Refunding lost Bankers Cheque | ||
| Birr 300 flat for Account holders | |||
| Birr 1,000 flat for Non-Account holders | |||
| 3.5 | Cheque Books Issued by Branches) | ||
| 25 leaves | Br. 100 | ||
| 50 leaves | Br. 250 | ||
| 100 leaves | Br. 350 | ||
| 3.6 | Standard Cheque Books Issued by NBE | ||
| 25 leaves | NA | ||
| 50 leaves | NA | ||
| 100 leaves | NA | ||
Deposit Account
| Service, Terms and Condition | Terms & Tariffs | ||
| 4.1 | Savings Passbook | ||
| Pass book Issuance upon opening | Free | ||
| Lost/Damaged Passbook Replacement | Birr 100 per passbook | ||
| Replacement of fully utilized Passbook | Birr 5 | ||
| Closure of S/A within 6 months from date of opening | Birr 100 per passbook | ||
| 4.2 | Saving and Checking Account Freeze (court case) In favor of plaintiff (beneficiary) | ||
| Service Charge | Birr 100 Flat | ||
| Release (Payment to 3rd party by court | |||
| Service Charge | Birr 100 per beneficiary | ||
| 4.3 | Inactive/Dormant A/C Service Charge for | ||
| Saving Account (S/A) balance below Birr 50 for one year | NA | ||
| Current Account (C/A) balance Below Birr 500 for six months | |||
| 4.4 | Standing Instruction (S/A, C/A, TD, FCY, O/D, etc.) | ||
| ’ | Service charge | Within Awash Bank, Birr 100/transaction. | |
| To another Bank, Birr 100 plus RTGS charge/transaction. | |||
| 4.5 | Balance Order Instruction | ||
| Service charge | Birr 100/transaction | ||
| 4.6 | Stop Payment Order | ||
| Service Charge (Single Cheque Issued) | Birr 300 per Cheque | ||
| Service Charge (for Range of Cheques or Pad Un-issued) | Birr 300 flat and plus Birr 10 Per Cheque leaf | ||
Sundries Services
| Service, Terms and Condition | Terms & Tariffs | ||
| Salary payment service | Birr 5 per Account | ||
| Provident fund handling | Free | ||
| Authentication fee at Documents Authentication and Registration Office and Courts. (In person) | Birr 600 plus 3rd party charge | ||
| Online Authentication | Birr 50 Plus 3rd party Charge | ||
| Customer Door to Ooor Service to open Account | Free | ||
| Customer door to door service to pay and collect Cash (with in the same town) | As per the agreement | ||
| Change of signature | Birr 50 per account | ||
Insufficient Fund
| No | Service, Terms and Condition | Terms & Tariffs | ||
| 6 | Insufficient Fund | |||
| 6.1 | First Time | Birr 200, Mark in the register book, and communicate written warning | ||
| Second Time | Penalize 3% of the Cheque value (not exceeding Birr 25,000 plus Second written warning) | |||
| Third Time | 5% of the Cheque amount, not exceeding Birr 50,000, close the account and communicate to the office of the Chief Retail and SME Banking, Internal Audit Directorate, and the same to the customer/s. | |||
| 6.2 | Duplicate Account Statement on Request (S/A, C/A, TD, FCY, O/D, Loan Accounts etc) | |||
| Current Month | Birr 25 per Page + Birr 5 per page for every additional copy page | |||
| Historical | Birr 50 per Page + Birr 5 per page for every additional copy page | |||
| 6.3 | Balance Confirmation to External Auditors | |||
| To External auditors (S/A, C/A, TD, FCY, O/D, Loans a/c, etc.) | Birr 200 flat | |||
| 6.4, | Duplicate Advice Request (S/A, C/A, TD, FCY, O/D, Loan Accounts etc | |||
| Current Year | Birr 25 per Advice or per page | |||
| Over a Year | Birr 50 per Advice or per page | |||
| 6.5 | Balance Availbility Notification ( S/A, C/A, TD, FCY, O/D, Loan Accounts etc) | |||
| Local | ||||
| Service Charge | Birr 200 Flat | |||
| Registered mail | Birr 200 plus the courier cost | |||
| International | ||||
| Service Charge | Birr 200 Flat | |||
| Courier Charge | Birr 200 plus the courier cost | |||
| 6.6 | Interest on Saving Deposit | As per the existing NBE rate | ||
| 6.7 | Time Deposit | Negotiation | ||
| 7 | 7.1 | Issuance of Letter on credit status | Birr 250, free for staff | |
Safe Box Rent
| Service, Terms and Condition | Terms & Tariffs | ||
| 8.1 | Small | Birr 12,000 per annum | |
| 8.2 | Medium | Birr 18,000 per annum | |
| 8.3 | Large | Birr 24,000 per annum | |
| 8.4 | Extra Large | Birr 30,000 per annum | |
| 8.5. | Penalty for failing to renew contract/pay annual rent/ | 100% of the annual rent in arrear and 25% of the annual rent for 3 months late | |
| 100% of the annual rent in arrear and 50% of the annual rent for 6 months late | |||
| 100% of the annual rent in arrear and 75% of the annual rent for 9 months late | |||
| 100% ofthe annual rent in arrear and 100% of the annual rent in arrear for one year and above | |||
Share & Related Issue
| Service, Terms and Condition | Terms & Tariffs | ||
| 9.1 | Share Certificate Issuance when transfer of shares from one shareholder to another shareholder or to several other shareholders | Birr 200 per each share certificate from both party | |
| 9.2 | Share Transfer fee (to be collected from the transferor and the transferee) | 1.25% from each party of gross proceed, minimum Br. 500 | |
| 9.3 | Splitting/Consolidating share certificate/s in the name of the same shareholder | Birr 500 per share certificate | |
| 9.4 | Replacement of share certificates . . | No charge, if replacement is caused by error (s) committed by the Bank | |
| Birr 500 per each share certificate, if replacement is not caused by error (s) committed by the Bank | |||
| 9.5 | Blocking of Awash Bank’s share to be held as collateral with other entities | For Below Birr 1,000,000 = Birr 1,500 | |
| For Birr 1,000,000 and above = Birr 2,500 | |||
| 9.6 | Unblocking of Awash Bank’s share held as collateral with other entities | Birr 1,000 | |
| 9.7 | Share balance confirmation letter issuance-Staff | Birr Free | |
| 9.8 | Share balance confirmation letter issuance-Non-staff | Birr 200 | |
Handling wrongly transferred transactions charge to be Included as new
| Service, Terms and Condition | Terms & Tariffs | ||
| For transaction amounts up to Birr 1,000 | Birr 50 upon refund | ||
| For transaction amounts from Birr 1,000 up to Birr 5,000. | Birr 100 upon refund | ||
| For transaction amounts from Birr 5,000 up to Birr 25,000. | Birr 300 upon refund | ||
| For transaction amounts from Birr 25,000 up to Birr 50,000. | Birr 500 upon refund | ||
| For transaction amounts above 50,000 | Birr 1,000 upon refund | ||
Exceptional Cash Limit Request
| Service, Terms and Condition | Terms & Tariffs | |
| Daily exceptional Cash up to Birr 1,000,000 | Birr 1,000 per cash request | |
| Daily exceptional Cash from Birr 1,000,000 up to 2,000,000 | Birr 2,000 per cash request | |
| Daily exceptional Cash from Birr 2,000,000 up to 3,000,000 | Birr 3,000 per cash request | |
| Daily exceptional Cash above Birr 3,000,000 | Birr 5,000 per cash request | |
Trade Service Terms and Tarrifs
Trade Service Terms and Tarrifs
| S/N | Service Name | Description | Applicable Tariff/Term | Other fees and costs, if any | Remark | |||
| From Awash % | from Retention % | From FDI % | From Diaspora and Others | SWIFT | ||||
| 1 | Opening Commission for LC and Purchase Order Approval | Opening Commission | 4% | 2.5% | 2% | 2.5% | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | Per Quarter |
| 2 | Increase on LC/CAD/PO (top-up) | Top-up | 4% | 2.5% | 2% | 2.5% | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | Per Quarter |
| 3 | Out Going TT and Freight Payment | Service Charge | 4% | 2.5% | 2% | 2.5% | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 and $50 for School fee payment, medical fee and transfer including “OUR” charge | Per Quarter |
| 4 | Cash Note Sales/ Master Card | Service Charge | 1) 4% from LCY account 2) Free for AB Staffs personal travel upto 4 month, if it is with in 4 month 4% at selling rate 3) 2% from account of NGOs generating FCY and working with AB | Free | Free | Free | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | |
| 5 | Correspondent Bank Charge | as per debit advise | as per debit advise | as per debit advise | as per debit advise | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | ||
| 6 | Exchange Commission for NBE | Exchange commission | 2.50% | |||||
IFB Financing processing and handling fees and terms
| 1.Murabaha Financing Manufacturing (Export) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||
| Applicable Effective 01 December, 2023 | |||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||
| Quarterly | up to 12 Months (1 Yr) | 5% | 5.50% | 6% | To be repaid Within 1Yr | ||||
| 13-24 Months (2 Years) | 10% | 11% | 11.25% | To be repaid Within 2 Yrs | |||||
| 25-36 Months (3 Years) | 15% | 17% | 18% | To be repaid Within 3Yrs | |||||
| 37-48 Months (4 Years) | 22.50% | 23.75% | 25% | To be repaid Within 4Yrs | |||||
| 49 – 60 Months (5 Yrs) | 28.50% | 30% | 31.50% | To be repaid Within 5Yrs | |||||
| 61 – 72 Months (6 Yrs) | 40% | 41.75% | 43.50% | To be repaid Within 6Yrs | |||||
| 73 – 84 Months (7 Yrs) | 47% | 49.25% | 51.50% | To be repaid Within 7Yrs | |||||
| Semi-annually | up to 12 Months (1 Yr) | 6% | 7% | 7.25% | To be repaid Within 1Yr | ||||
| 13-24 Months (2 Years) | 11% | 12% | 12.50% | To be repaid Within 2 Yrs | |||||
| 25-36 Months (3 Years) | 16% | 18.25% | 19.25% | To be repaid Within 3Yrs | |||||
| 37-48 Months (4 Years) | 23.75% | 25% | 26.25% | To be repaid Within 4Yrs | |||||
| 49 – 60 Months (5 Yrs) | 29.50% | 31% | 32.50% | To be repaid Within 5Yrs | |||||
| 61 – 72 Months (6 Yrs) | 41.25% | 43.25% | 45% | To be repaid Within 6Yrs | |||||
| 73 – 84 Months (7 Yrs) | 48.25% | 50.50% | 53% | To be repaid Within 7Yrs | |||||
| Annually | up to 12 Months (1 Yr) | 8% | 9% | 9.50% | To be repaid Within 1Yr | ||||
| 13-24 Months (2 Years) | 13% | 14.50% | 15% | To be repaid Within 2 Yrs | |||||
| 25-36 Months (3 Years) | 18.50% | 20.50% | 21.75% | To be repaid Within 3Yrs | |||||
| 37-48 Months (4 Years) | 26.25% | 29% | 29% | To be repaid Within 4Yrs | |||||
| 49 – 60 Months (5 Yrs) | 32% | 33.50% | 35.25% | To be repaid Within 5Yrs | |||||
| 61 – 72 Months (6 Yrs) | 44% | 46% | 48% | To be repaid Within 6Yrs | |||||
| 73 – 84 Months (7 Yrs) | 51% | 53.50% | 56% | To be repaid Within 7Yrs | |||||
| 2.Agricultural Exp. (Floriculture, horticulture, etc.) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||
| Quarterly | up to 12 Months (1 Yr) | 4.50% | 4.50% | 4.50% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 8.50% | 8.50% | 8.50% | To be repaid Within 2Yrs | ||||||||
| 25-36 Months (3 Years) | 12.50% | 12.50% | 12.50% | To be repaid Within 3Yrs | ||||||||
| 37-48 Months (4 Years) | 16% | 16% | 16% | To be repaid Within 4Yrs | ||||||||
| 49 – 60 Months (5 Yrs) | 20% | 20% | 20% | To be repaid Within 5Yrs | ||||||||
| 61 – 72 Months (6 Yrs) | 24.25% | 24.25% | 24.25% | To be repaid Within 6Yrs | ||||||||
| 73 – 84 Months (7 Yrs) | 28.50% | 28.50% | 28.50% | To be repaid Within 7Yrs | ||||||||
| Semi-annually | up to 12 Months (1 Yr) | 5.50% | 5.50% | 5.50% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 9.25% | 9.25% | 9.25% | To be repaid Within 2Yrs | ||||||||
| 25-36 Months (3 Years) | 13% | 13% | 13% | To be repaid Within 3Yrs | ||||||||
| 37-48 Months (4 Years) | 17% | 17% | 17% | To be repaid Within 4Yrs | ||||||||
| 49 – 60 Months (5 Yrs) | 21% | 21% | 21% | To be repaid Within 5Yrs | ||||||||
| 61 – 72 Months (6 Yrs) | 25% | 25% | 25% | To be repaid Within 6Yrs | ||||||||
| 73 – 84 Months (7 Yrs) | 29.25% | 29.25% | 29.25% | To be repaid Within 7Yrs | ||||||||
| Annually | up to 12 Months (1 Yr) | 7.25% | 7.25% | 7.25% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 11% | 11% | 11% | To be repaid Within 2Yrs | ||||||||
| 25-36 Months (3 Years) | 15% | 15% | 15% | To be repaid Within 3Yrs | ||||||||
| 37-48 Months (4 Years) | 18.75% | 18.75% | 18.75% | To be repaid Within 4Yrs | ||||||||
| 49 – 60 Months (5 Yrs) | 22.75% | 22.75% | 22.75% | To be repaid Within 5Yrs | ||||||||
| 61 – 72 Months (6 Yrs) | 27% | 27% | 27% | To be repaid Within 6Yrs | ||||||||
| 73 – 84 Months (7 Yrs) | 31% | 31% | 31% | To be repaid Within 7Yrs | ||||||||
| 3.Murabaha Financing Logistics, Freight forwarding and consultancy services tour and travel (service Export) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||
| Applicable Effective 01 December, 2023 | ||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||
| Quarterly | up to 12 Months (1 Yr) | 5% | 5% | 6% | To be repaid Within1Yr | |||||
| 13-24 Months (2 Years) | 10% | 11% | 12.25% | To be repaid Within2 Yr | ||||||
| 25-36 Months (3 Years) | 15% | 16% | 18% | To be repaid Within3Yr | ||||||
| 37-48 Months (4 Years) | 21.50% | 23.75% | 25% | To be repaid Within4Yr | ||||||
| 49 – 60 Months (5 Yrs) | 26.75% | 30% | 31.50% | To be repaid Within5Yr | ||||||
| 61 – 72 Months (6 Yrs) | 40% | 43.50% | 45.50% | To be repaid Within6Yr | ||||||
| 73 – 84 Months (7 Yrs) | 47% | 51.50% | 54% | To be repaid Within7Yr | ||||||
| Semi-annually | up to 12 Months (1 Yr) | 6.50% | 6.50% | 7.25% | To be repaid Within1Yr | |||||
| 13-24 Months (2 Years) | 11% | 12.15% | 13.50% | To be repaid Within2 Yr | ||||||
| 25-36 Months (3 Years) | 16% | 17.25% | 19.25% | To be repaid Within3Yr | ||||||
| 37-48 Months (4 Years) | 22.50% | 25% | 26.25% | To be repaid Within4Yr | ||||||
| 49 – 60 Months (5 Yrs) | 28% | 31% | 32.50% | To be repaid Within5Yr | ||||||
| 61 – 72 Months (6 Yrs) | 41.25% | 45% | 47% | To be repaid Within6Yr | ||||||
| 73 – 84 Months (7 Yrs) | 48.25% | 53% | 55.50% | To be repaid Within7Yr | ||||||
| Annually | To be repaid Within1Yr | 8.50% | 8.50% | 9.50% | To be repaid Within1Yr | |||||
| To be repaid Within2 Yr | 13% | 14.50% | 16% | To be repaid Within2 Yr | ||||||
| To be repaid Within3Yr | 18.50% | 19.50% | 21.75% | To be repaid Within3Yr | ||||||
| To be repaid Within4Yr | 25% | 27.50% | 29% | To be repaid Within4Yr | ||||||
| To be repaid Within5Yr* | 30.25% | 33.50% | 35.25% | To be repaid Within5Yr | ||||||
| To be repaid Within6Yr | 44% | 48% | 50% | To be repaid Within6Yr | ||||||
| To be repaid Within7Yr | 51% | 56% | 58.25% | To be repaid Within7Yr | ||||||
| 5.Murabaha Financing to Other export (not included under item No. 1,2 & 3) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||
| Quarterly | up to 12 Months (1 Yrs) | 7.25% | 10% | 10.25% | To be repaid Within1Yr | ||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yr | |||||||
| 25-36 Months (3 Years) | 21.50% | 28.75% | 29.75% | To be repaid Within3Yr | |||||||
| 37-48 months (4 Years) | 30% | 40% | 41.15% | To be repaid Within4Yr | |||||||
| 49 – 60 Months (5 Yrs) | 37% | 50.50% | 52% | To be repaid Within5Yr | |||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 51.50% | 65.50% | To be repaid Within6Yr | |||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 75.50% | 78% | To be repaid Within7Yr | |||||||
| Semi-annually | up to 12 Months (1 Yrs) | 8.75% | 11.75% | 12.15% | To be repaid Within1Yr | ||||||
| 13-24 Months (2 Years) | 15.50% | 20.75% | 21.50% | To be repaid Within2Yr | |||||||
| 25-36 Months (3 Years) | 23% | 30.75% | 31.75% | To be repaid Within3Yr | |||||||
| 37-48 months (4 Years) | 31.50% | 42% | 43.25% | To be repaid Within4Yr | |||||||
| 49 – 60 Months (5 Yrs) | 39% | 52.50% | 54.15% | To be repaid Within5Yr | |||||||
| 61 – 72 Months (6 Yrs) | 49% | 65.50% | 67.50% | To be repaid Within6Yr | |||||||
| 73 – 84 Months (7 Yrs) | 57.75% | 77.25% | 80% | To be repaid Within7Yr | |||||||
| Annually | up to 12 Months (1 Yrs) | 11.50% | 15.50% | 16% | To be repaid Within1Yr | ||||||
| 13-24 Months (2 Years) | 18.50% | 24.50% | 25.50% | To be repaid Within2Yr | |||||||
| 25-36 Months (3 Years) | 26% | 34.50% | 35.75% | To be repaid Within3Yr | |||||||
| 37-48 months (4 Years) | 34.50% | 46% | 47.25% | To be repaid Within4Yr | |||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 56.25% | 58% | To be repaid Within5Yr | |||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 69.50% | 71.50% | To be repaid Within6Yr | |||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 81% | 83.50% | To be repaid Within7Yr | |||||||
Hotel Sector
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 5 | Five star and above Related hotels and Brand hotels; | up to 12 Months (1 Yrs) | 7.25% | 9% | 9.25% | To be repaid Within1Yr | ||||||||||||
| Note: Alcoholic items & beds shall be excluded | 13-24 Months (2 Years) | 14% | 17% | 17.50% | To be repaid Within2Yr | |||||||||||||
| 25-36 Months (3 Years) | 21.50% | 26% | 27% | To be repaid Within3Yr | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 36.50% | 38.50% | To be repaid Within4Yr | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 46.50% | 49% | To be repaid Within5Yr | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 59.50% | 60.50% | To be repaid Within6Yr | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 70.50% | 71.75% | To be repaid Within7Yr | ||||||||||||||
| 6 | Three and Four star rated Hotels: | up to 12 months (1 Yrs) | 7.25% | 10% | 10.25% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yr | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 28.75% | 29.75% | To be repaid Within3Yr | ||||||||||||||
| Note: Alcoholic items & beds shall be excluded | 37-48 Months (4 Years) | 30% | 40% | 41.25% | To be repaid Within4Yr | |||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 50.50% | 52% | To be repaid Within5Yr | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 63.50% | 65.50% | To be repaid Within6Yr | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.25% | 75.50% | 78% | To be repaid Within7Yr | ||||||||||||||
| 7 | General hotel and tourism, not included elsewhere; | up to 12 months (1 Yr) | 7.25% | 10.25% | 10.50% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19.50% | 20% | To be repaid Within2Yrs | ||||||||||||||
| Note: Alcoholic items & beds shall be excluded | 25-36 Months (3 Years) | 21.50% | 29.75% | 30.50% | To be repaid Within3Yrs | |||||||||||||
| 37-48 Months (4 Years) | 30% | 41.25% | 43.75% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 52% | 55.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 67.50% | 69.75% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.25% | 80.50% | 83% | To be repaid Within7Yrs | ||||||||||||||
Education and Health Sector
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 8 | Education and Health Sector | up to 12 Months (1 Yr) | 7.25% | 10% | 10.25% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 28.75% | 29.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 40% | 41.15% | To be repaid Within 4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 50.50% | 52% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 63.50% | 65.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 75.50% | 78% | To be repaid Within7Yrs | ||||||||||||||
Revolving IFB Export
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 9 | Revolving IFB Export Financing Facility (Qard) | Pre or Post shipment (for L/C) | Against strong collateral or DBE guarantee | Not applicable | – Repayment is expected within 120 days from FCY proceeds. | |||||||||||||
| Post-shipment (for L/C) | Against strong collateral or confirmed L/C | Not applicable | – But, if granted time has exceeded 120 days &/or the customer choose to pay it in LCY, appropriate Murabaha profit rate shall be applied on the Disbursed amount from the date of disbursement. | |||||||||||||||
| Revolving IFB Export Financing Facility (Qard) for both (coffee and Non Coffee) | Pre-shipment for one year | Against strong & acceptable Collateral/s | Free of any charges & profits, 120 days | |||||||||||||||
| 10 | ||||||||||||||||||
Merchandize Murabaha Fin.
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 11 | Merchandize Murabaha Fin. | Export Merchandize Murabaha, whereby the expected FCY proceeds shall be repatriated within 3 Months. | 2.75% | (For reliable customers against PG) | ||||||||||||||
| Local Merchandize Murabaha to be repaid within 3 Months | 5.50% | |||||||||||||||||
| Local Merchandize Murabaha to be repaid within 3 – 6 Months | 6.50% | For selective & Corporate Customers only. | ||||||||||||||||
| Local Merchandize Murabaha to be repaid over 6 Months (for 1 year) | 11.50% | It must be supported by agency agreement b/n the and the customer. | ||||||||||||||||
| Merchandise against warehouse receipt and collateralized commodity Finance(CCF) | 10.5% for Quarter and 12.5% for semi-annual repayment | |||||||||||||||||
Manufacturing (Non-Export)
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| Manufacturing (Non-Export) | Up to three months(3M) | 2% | 2.50% | 2.50% | To be repaid within three months | |||||||||||||
| Up to six months(6M) | 3.50% | 5% | 5% | To be repaid within six months | ||||||||||||||
| 12 | Quarterly | up to 12 Months (1 Yr) | 7.25% | 10% | 10.25% | To be repaid Within 1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 29% | 29.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 40% | 41.15% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 50.50% | 52% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 63.50% | 65.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 75.50% | 78% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yr) | 8.75% | 11.75% | 12.15% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 20.75% | 21.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 30.75% | 31.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 42% | 43.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 52.50% | 54% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 65.50% | 67.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 77.25% | 80% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 15.50% | 16% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 24.50% | 25.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 34.50% | 35.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 46% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 56.25% | 58% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 69.50% | 71.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 81% | 83.50% | To be repaid Within7Yrs | ||||||||||||||
Domestic trade and services
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 13 | Domestic trade and services (DTS Local Murabaha Financing) | Quarterly | Up to three months(3M) | 2% | 2.75% | 3% | To be repaid Within 3months | |||||||||||
| Quarterly | Up to six months(6M) | 3.50% | 5.50% | 5.50% | To be repaid Within 6months | |||||||||||||
| up to 12 Months (1 Yrs) | 7.25% | 10.85% | 11.50% | To be repaid Within1Yr | ||||||||||||||
| 13-24 Months (2 Years) | 14% | 21% | 21.25% | To be repaid Within2Yrs | ||||||||||||||
| Quarterly | 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | |||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 69.75% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yr) | 7.25% | 13% | 13.50% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.15% | 23.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 17% | 17.75% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.35% | 27.75% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 62.50% | 63.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 76% | 76% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 89% | 89% | To be repaid Within7Yrs | ||||||||||||||
Import Murabaha Finan.
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 14 | Import Murabaha Finan. (3 types) whereby relevant IFB contracts shall be signed by the parties & annexed to each of the LCs during opening. | Quarterly | Up to three months(3M) | 2% | 3% | 3% | To be repaid Within 3 months | |||||||||||
| a) Murabaha L/C: | Up to six months(6M) | 3.50% | 5.50% | 5.50% | To be repaid Within 6 months | |||||||||||||
| Based on the customer’s written request, when the Bank agreed to purchase the asset & sale it to the customer on deferred Murabaha basis, (MPO). | up to 12 Months (1 Yrs) | 7.25% | 10.85% | 11.50% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 14% | 21% | 21.50% | To be repaid Within2Yrs | ||||||||||||||
| 14.1 | 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | |||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within 5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 70% | To be repaid Within 6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yr) | 8.75% | 13% | 13.50% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.15% | 23.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 17% | 17.75% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.50% | 27.75% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs)* | 42.15% | 62.50% | 63.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 76% | 76% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 89% | 89% | To be repaid Within7Yrs | ||||||||||||||
| 14.2 | b) Musharakah L/C: | If the LC document is due for Up to 90 days | Collect 9.5% profit on Bank’s part & handover the documents to the customer | |||||||||||||||
| When the Bank open the LC against blocking certain %age from the customer account in the form of Margin Facility. Upon settlement, the Bank shall record transactions by Dr. Corresp. Account and Credit Advance against Murabaha Import Bills. | If the LC document is due for 61-90 days | Collect 4% Bank’s profit & impose 8.5% P.a, penalty on Bank’s part | ||||||||||||||||
| If the LC document is due for Over 90 days | 1. Sale the imported goods and refund the Bank’s part together with 13. % profit applied on Asset costs & then, impose 8.5% p.a penalty to be credited to Charity account, before refunding the Margin held amount to the customer. | |||||||||||||||||
| 2. Legal services Directorate & Sharia Advisory Committee shall issue separate (joint) opinions regarding leftover money, if any. i.e., should the Bank take it, credit it to Charity account or it is to be given to the customer? | ||||||||||||||||||
| 14.3 | c) Wakalah LC: | Applicable Commissions & charges related to Trade service operations shall be applicable to IFB services as well. | ||||||||||||||||
| When the Bank opened the L/C document against Debiting customer’s account for 100%, as it is being practiced currently by Conventional Banking. | ||||||||||||||||||
Transport services , Building Construction & Real state
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 15 | Transport services | Quarterly | up to 12 Months (1 Yr) | 7.25% | 10.85% | 11.50% | To be repaid Within1Yr | |||||||||||
| 13-24 Months (2 Years) | 14% | 21% | 21.25% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 69.75% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yrs) | 8.75% | 13% | 13.50% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.15% | 23.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yrs) | 11.50% | 17% | 17.75% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.50% | 27.75% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 62.50% | 63.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 76% | 76% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 89% | 89% | To be repaid Within7Yrs | ||||||||||||||
| Building Construction & Real state | Quarterly | up to 12 months (1 Yrs) | 7.25% | 11.15% | 11.50% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 21.50% | 22% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within5Yrs | ||||||||||||||
| 16 | 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 69.75% | To be repaid Within6Yrs | |||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 months (1 Yr) | 8.75% | 13.50% | 13.50% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.50% | 24.15% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 months (1 Yr) | 11.50% | 17.50% | 18% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.75% | 28.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 76% | 76% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 89% | 71.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 83.50% | 89% | To be repaid Within7Yrs | ||||||||||||||
Agriculture and General Murabaha
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||
| 17 | 17.1. Agriculture | Quarter | up to 12 Months (1 Yr) | 7.25% | 9% | 9.50% | To be repaid Within1Yr | ||||||
| 17.2. Murabaha Financing for Small holder Farmers, Pastoralists and Agro-Pastoralists | 13-24 Months (2 Years) | 14% | 16.75% | 18% | To be repaid Within2 Yrs | ||||||||
| 25-36 Months (3 Years) | 21.50% | 25% | 27% | To be repaid Within3 Yrs | |||||||||
| Note: All terms and conditions stated in policy of Financial products and services for Small Holder Farmers, Pastoralists and Agro-Pastoralists shall be applicable provided that they are not against sharia principles used for IFB users. | 37-48 Months (4 Years) | 30% | 34.15% | 36.50% | To be repaid Within 4Y rs | ||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 43.15% | 46.50% | To be repaid Within5 Yrs | |||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 53.50% | 57.50% | To be repaid Within6Yr | |||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 63.25% | 68% | To be repaid Within7Yr | |||||||||
| Semi-annually | up to 12 Months (1 Yr) | 8.75% | 10.50% | 11.50% | To be repaid Within1Yr | ||||||||
| 13-24 Months (2 Years) | 15.50% | 18.50% | 19.75% | To be repaid Within2 Yrs | |||||||||
| 25-36 Months (3 Years) | 23% | 27% | 29% | To be repaid Within3 Yrs | |||||||||
| 37-48 Months (4 Years) | 31.50% | 36% | 38.50% | To be repaid Within4Y rs | |||||||||
| 49 – 60 Months (5 Yrs) | 39% | 45% | 48.25% | To be repaid Within 5Yrs | |||||||||
| 61 – 72 Months (6 Yrs) | 49% | 55.15% | 59.25% | To be repaid Within 6Yr | |||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 65% | 70% | To be repaid Within 7Yr | |||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 14% | 15% | To be repaid Within 1Yr | ||||||||
| 13-24 Months (2 Years) | 18.50% | 22% | 23.50% | To be repaid Within 2Yrs | |||||||||
| 25-36 Months (3 Years) | 26% | 30.50% | 32.50% | To be repaid Within3 Yrs | |||||||||
| 37-48 Months (4 Years) | 34.50% | 39.50% | 42.25% | To be repaid Within 4Yrs | |||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 48.25% | 52% | To be repaid Within5 Yrs | |||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 58.50% | 63% | To be repaid Within 6Yr | |||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 68.25% | 73.50% | To be repaid Within 7Yr | |||||||||
| 18 | General Murabaha – Home financing (incl. Renovations and additional constructions) for any customer | Payable up to 20 years with applicable Interest rate for Conventional Banking customer is 19% | 32% | To be repaid Within 3 Yrs | |||||||||
| 55.50% | To be repaid Within 5 Yrs | ||||||||||||
| 83% | To be repaid Within 7 Yrs | ||||||||||||
| 125.25% | To be repaid Within 10 Yrs | ||||||||||||
| 155.50% | To be repaid Within 12 Yrs | ||||||||||||
| 203.75% | To be repaid Within 15 Yrs | ||||||||||||
| 254.50% | To be repaid Within 18 Yrs | ||||||||||||
| 289.50% | To be repaid Within 20 Yrs | ||||||||||||
| 19 | General Auto/Car Murabaha (for any customers). | up to 12 Months (1 Yr) | 11.50% | To be repaid Within 1Yr | |||||||||
| Note: Year of make shall be as per the choice of the customer, if she/he offered other collateral acceptable by the Bank. | 13-24 Months (2 Years) | 21.50% | To be repaid Within 2 Yr | ||||||||||
| 25-36 Months (3 Years) | 32.50% | To be repaid Within 3Yr | |||||||||||
| 37-48 Months (4 Years) | 44.50% | To be repaid Within 4Yr | |||||||||||
| 49 – 60 Months (5 Yrs) | 56.25% | To be repaid Within 5Yr | |||||||||||
| 61 – 72 Months (6 Yrs) | 69.75% | To be repaid Within 6Yr | |||||||||||
| 73 – 84 Months (7 Yrs) | 83% | To be repaid Within 7Yr | |||||||||||
| 20 | General Personal (Consumer) Murabaha Financing | up to 12 Months (1 Yr) | 6% | 11.25% | 11.50% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 14% | 21.25% | 21.50% | To be repaid Within 2 Yr | |||||||||
| 25-36 Months (3 Years) | 21.50% | 31.50% | 32.50% | To be repaid Within 3Yr | |||||||||
| 37-48 months (4 years) | 32.50% | 44% | 44.50% | To be repaid Within4Yr | |||||||||
| 49-60 months (5 years) | 37.50% | 55.50% | 56.25% | To be repaid Within5Yr | |||||||||
Diaspora community and Foreign currency
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| 21 | 1.Murabaha Financing for the Diaspora community 2.Murabaha Financing for the Foreign currency earning employees | SENARIO 1 | SENARIO 2 | SENARIO 3 | |||||||||||||
| 21.1 | For purchase, construction, renovation or extension of residential unit/apartment or commercial building. | Equity contribution | Both Equity & repayment in FCY | Equity in FX & Loan repayment in Local currency | Loan (Financing) repayment tenure (period) | ||||||||||||
| To simultaneously purchase and improve/finish home/building. | (20-30%) up to 20 years | 14% | 21% | To be repaid Within 3 Yrs | |||||||||||||
| Finish construction of residential house/commercial building. | (monthly installment) | 24% | 36.50% | To be repaid Within 5 Yrs | |||||||||||||
| Refinancing of existing mortgage finance/buy-out of existing housing finance. | 34% | 53% | To be repaid Within 7 Yrs | ||||||||||||||
| 50% | 79% | To be repaid Within 10 Yrs | |||||||||||||||
| 62% | 98% | To be repaid Within 12 Yrs | |||||||||||||||
| 80% | 127.50% | To be repaid Within 15 Yrs | |||||||||||||||
| 92.50% | 148.50% | To be repaid Within 17 Yrs | |||||||||||||||
| 112% | 181% | To be repaid Within 20 Yrs | |||||||||||||||
| Equity contribution | 13% | 20.50% | To be repaid Within 3 Yrs | ||||||||||||||
| (31-40%) up to 20 years | 21.50% | 35% | To be repaid Within 5 Yrs | ||||||||||||||
| (monthly installment) | 31% | 50.50% | To be repaid Within 7 Yrs | ||||||||||||||
| 45.50% | 75.50% | To be repaid Within 10 Yrs | |||||||||||||||
| 56% | 93.50% | To be repaid Within 12 Yrs | |||||||||||||||
| 72% | 122% | To be repaid Within 15 Yrs | |||||||||||||||
| 83% | 141.50% | To be repaid Within 17 Yrs | |||||||||||||||
| 100.50% | 172.50% | To be repaid Within 20 Yrs | |||||||||||||||
| Equity contribution | 12% | 18.50% | To be repaid Within 3 Yrs | ||||||||||||||
| (41-50%) up to 20 years | 20% | 32% | To be repaid Within 5 Yrs | ||||||||||||||
| (monthly installment) | 29% | 46% | To be repaid Within 7 Yrs | ||||||||||||||
| 42.50% | 68.50% | To be repaid Within 10 Yrs | |||||||||||||||
| 52% | 85% | To be repaid Within 12 Yrs | |||||||||||||||
| 67% | 110% | To be repaid Within 15 Yrs | |||||||||||||||
| 77% | 128% | To be repaid Within 17 Yrs | |||||||||||||||
| 93% | 156% | To be repaid Within 20 Yrs | |||||||||||||||
| Equity contribution | 11.50% | 15% | To be repaid Within 3 Yrs | ||||||||||||||
| >50% up to 25 years | 19.50% | 26% | To be repaid Within 5 Yrs | ||||||||||||||
| (monthly installment) | 28% | 37% | To be repaid Within 7 Yrs | ||||||||||||||
| 41% | 55% | To be repaid Within 10 Yrs | |||||||||||||||
| 50% | 68% | To be repaid Within 12 Yrs | |||||||||||||||
| 64% | 88% | To be repaid Within 15 Yrs | |||||||||||||||
| 74% | 102% | To be repaid Within 17 Yrs | |||||||||||||||
| 89.50% | 123.50% | To be repaid Within 20 Yrs | |||||||||||||||
| 100.50% | 139% | To be repaid Within 22 Yrs | |||||||||||||||
| 117% | 162% | To be repaid Within 25 Yrs | |||||||||||||||
| 21.2 | – Purchase of brand new or used personal automobiles | Brand new Car up to 10 years (Equity contribution ≥20%) | 19.50% | 23% | To be repaid Within 3 Yrs | ||||||||||||
| – For buy-out of car finance from another bank or financial institution (personal auto) | 33.50% | 39.50% | To be repaid Within 5 Yrs | ||||||||||||||
| 48% | 57.50% | To be repaid Within 7 Yrs | |||||||||||||||
| 72% | 86% | To be repaid Within 10 Yrs | |||||||||||||||
| Used Car up 7 years (Equity contribution ≥30%) | 19.50% | 23% | To be repaid Within 3 Yrs | ||||||||||||||
| 33.50% | 39.50% | To be repaid Within 5 Yrs | |||||||||||||||
| 48% | 57.50% | To be repaid Within 7Yrs | |||||||||||||||
| -Purchase of brand new commercial-vehicle (code 03) like pick up, van etc. | Brand new ≥50% | 19.50% | 23% | To be repaid Within 3 Yrs | |||||||||||||
| 33.50% | 39.50% | To be repaid Within 5 Yrs | |||||||||||||||
| 21.3 | Murabaha for Personal use (Consumer) | Equity contribution … 10%-15% | Partial/full Rep. in LCY | Full Repayment in FCY | Murabaha Tenure | ||||||||||||
| -Can be for own and/or relatives living in Ethiopia | Up to 5 years | 23% | 19.50% | To be repaid Within 3 Yrs | |||||||||||||
| -For immediate medical, tuition fee, or livelihood needs, domestic or foreign travel, home improvements including the purchase of furniture and appliances; and other “big” ticket personal expenditure needs | 39.50% | 33.50% | To be repaid Within 5 Yrs | ||||||||||||||
| 21.4 | Investment Project Murabaha Financing | Nature of finance | Equity contribution | Both Equity &repay. in FCY | Equity in FX & rept in Local currency | Murabaha Tenure | |||||||||||
| -For expansion of existing business or new investment/projects in various sectors (manufacturing, hotel, real estate, etc.) | Working capital | N/A | 16% | As per relevant economic sector profit margin | To be repaid Within 3 Yrs | ||||||||||||
| Up to 5 years | 27.50% | As per relevant economic sector profit margin | To be repaid Within 5 Yrs | ||||||||||||||
| Project Finance | Starting from 30% | 16% | 22% | To be repaid Within 3 Yrs | |||||||||||||
| Up to 15 years depending the project cash flow | 27.50% | 38% | To be repaid Within 5 Yrs | ||||||||||||||
| 39.50% | 55% | To be repaid Within 7 Yrs | |||||||||||||||
| 58.50% | 82.50% | To be repaid Within 10 Yrs | |||||||||||||||
| 72% | 102.50% | To be repaid Within 12 Yrs | |||||||||||||||
| 93.50% | 133.50% | To be repaid Within 15 Yrs | |||||||||||||||
| Transport, construction machineries, Agricultural Equipment | 50% and above | 19.50% | 22% | To be repaid Within 3 Yrs | |||||||||||||
| Up to 5 years | 33.50% | 38% | To be repaid Within 5 Yrs | ||||||||||||||
Big Foreign and Local Currency
30 Million – 50 Million
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| IFB Financing to Employees of Big foreign currency providers (NGOs, Religious Institution & MNC…) | Murabaha-Home Financing | 11% | To be repaid Within 3 Yrs | ||||||||||||||
| (Equivalent to 7% in the convention Banking, except safari staff 6.5%) | 19% | To be repaid Within 5 Yrs | |||||||||||||||
| 31% | To be repaid Within 8 yrs | ||||||||||||||||
| Note: The collateral shall be the Asset to be purchased it self | 40% | To be repaid Within 10 Yrs | |||||||||||||||
| 48% | To be repaid Within 12 Yrs | ||||||||||||||||
| 22 | 62% | To be repaid Within 15 Yrs | |||||||||||||||
| 71% | To be repaid Within 17 Yrs | ||||||||||||||||
| 86% | To be repaid Within 20 Yrs | ||||||||||||||||
| 96% | To be repaid Within 22 Yrs | ||||||||||||||||
| 112% | To be repaid Within 25 Yrs | ||||||||||||||||
| Auto (Car) Murabaha Financing | 11% | To be repaid Within 3 Yrs | |||||||||||||||
| 19% | To be repaid Within 5 Yrs | ||||||||||||||||
| 27% | To be repaid Within 7 Yrs | ||||||||||||||||
| 39% | To be repaid Within 10 Yrs | ||||||||||||||||
| Utilities Murabaha (Consumer Loan): | 11% | To be repaid Within 3 Yrs | |||||||||||||||
| 19% | To be repaid Within 5 Yrs | ||||||||||||||||
| 23 | Expected Average Daily Deposit balance of the Company @ Awash Bank | ||||||||||||||||
| – Murabaha-Home Financing (up to 25 yrs) | >150 Million | 100 Million – 150 Million | 50 Million – 100 Million | Murabaha Tenure | |||||||||||||
| IFB Financing to Employees of Big local currency providers, employees of the Ride Hailing and Booking Transport Technology firms, MNC…. | 13% | 14.50% | 16% | 18% | To be repaid Within 3 Yrs | ||||||||||||
| – Auto (Car) Murabaha Financing (up to 10yrs) | 22% | 24.50% | 27.50% | 30.50% | To be repaid Within 5 Yrs | ||||||||||||
| 31% | 35% | 39.50% | 44% | To be repaid Within 7 Yrs | |||||||||||||
| Note: Notwithstanding its usual rights to demand additional collaterals, the Bank shall register the Asset purchased (Invested in) as its acceptable Collateral. | – Utilities Murabaha (Consumer Loan) for up to 5 years: | 46% | 52% | 59% | 65% | To be repaid Within 10 Yrs | |||||||||||
| 56% | 64% | 72% | 81% | To be repaid Within 12 Yrs | |||||||||||||
| 72% | 83% | 93% | 105% | To be repaid Within 15 Yrs | |||||||||||||
| 89% | 102% | 116% | 130% | To be repaid Within 18 Yrs | |||||||||||||
| 101% | 116% | 132% | 148% | To be repaid Within 20 Yrs | |||||||||||||
| 113% | 130% | 148% | 166% | To be repaid Within 22 Yrs | |||||||||||||
| 132% | 152% | 173% | 194% | To be repaid Within 25 Yrs | |||||||||||||
Murabaha Financings to any Foreign currency
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| 24 | Murabaha Financings to any Foreign currency providing body. | (This is any types of Murabaha financings described above whose repayment is expected to be effected only in foreign currency) | 19% | To be repaid Within 3 Yrs | |||||||||||||
| 32% | To be repaid Within 5 Yrs | ||||||||||||||||
| 45% | To be repaid Within 7 Yrs | ||||||||||||||||
| 67% | To be repaid Within 10 Yrs | ||||||||||||||||
Murabaha Financing to Awash Bank's own Employees
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||
| 25 | Murabaha Home Financing to Awash Bank’s own Employees; | Types of Financing | Equity contribution | Acceptable collateral type | Profit rate | Murabaha Tenure in years | ||||||||||
| 25.1 Murabaha Home Financing for the 1st time | 11% | To be repaid Within 3 Yrs | ||||||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | 29% | To be repaid Within 5 Yrs | ||||||||||||||
| 31% | To be repaid Within 7 Yrs | |||||||||||||||
| 40% | To be repaid Within 10 Yrs | |||||||||||||||
| The building itself | 48% | To be repaid Within 12 Yrs | ||||||||||||||
| 5% | 62% | To be repaid Within 15 Yrs | ||||||||||||||
| 71% | To be repaid Within 17 Yrs | |||||||||||||||
| 86% | To be repaid Within 20 Yrs | |||||||||||||||
| 96% | To be repaid Within 22 Yrs | |||||||||||||||
| 112% | To be repaid Within 25 Yrs | |||||||||||||||
| 25.2 Murabaha Home Financing for the 2nd time | 11% | To be repaid Within 3 Yrs | ||||||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | 29% | To be repaid Within 5 Yrs | ||||||||||||||
| Note: The time gap between the first and second Financing are two years. | 31% | To be repaid Within 7 Yrs | ||||||||||||||
| The building itself | 40% | To be repaid Within 10 Yrs | ||||||||||||||
| 5% | 48% | To be repaid Within 12 Yrs | ||||||||||||||
| 62% | To be repaid Within 15 Yrs | |||||||||||||||
| 71% | To be repaid Within 17 Yrs | |||||||||||||||
| 86% | To be repaid Within 20 Yrs | |||||||||||||||
| 96% | To be repaid Within 22 Yrs | |||||||||||||||
| 112% | To be repaid Within 25 Yrs | |||||||||||||||
| 25.3 The profit rate upon(after) the resignation of employees for Home Financing | 14.50% | To be repaid Within 3 Yrs | ||||||||||||||
| The IFB Profit rate herein is equivalent to the lending rate of 9% corresponding to similar loan facility in the Conventional Banking for those between 10-15 years of service. | 24.50% | To be repaid Within 5 Yrs | ||||||||||||||
| Note: Apply correspondent commercial profit rate for those below 10 years of services. | 35% | To be repaid Within 7 Yrs | ||||||||||||||
| 52% | To be repaid Within 10 Yrs | |||||||||||||||
| The building itself | 64% | To be repaid Within 12 Yrs | ||||||||||||||
| 82.50% | To be repaid Within 15 Yrs | |||||||||||||||
| 95.50% | To be repaid Within 17 Yrs | |||||||||||||||
| 116% | To be repaid Within 20 Yrs | |||||||||||||||
| 130% | To be repaid Within 22 Yrs | |||||||||||||||
| 152% | To be repaid Within 25 Yrs | |||||||||||||||
| 25.4 The profit rate on the death of an employee | Commercial profit rate if not covered by mortgage insurance | |||||||||||||||
| 26 | Murabaha Auto Financing to Awash Bank’s own Employees; | 26.1 Auto Murabaha Financing: | Up to 10 years, 10% equity contributions. | Up to 10 years against the vehicle as collateral. | 11% | To be repaid Within 3 Yrs | ||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | Between 10 and 15 years, 20% equity contributions. | Between 10 and 15 years acceptable collateral that can cover 60% of the Financing. | ||||||||||||||
| 19% | To be repaid Within 5 Yrs | |||||||||||||||
| 27% | To be repaid Within 7 Yrs | |||||||||||||||
| Note: | 39% | To be repaid Within 10 Yrs | ||||||||||||||
| · Financing frequency; Twice under similar condition and as long as the first Financing is settled. | 48% | To be repaid Within 12 Yrs | ||||||||||||||
| · Year of make of car are maximum of 15 years. | 62% | To be repaid Within 15 yrs | ||||||||||||||
| 26.2 The profit rate after the resignation of employees for Auto Murabaha Financing | Commercial profit rate | |||||||||||||||
| 26.3 The profit rate on the death of an employee for Auto Murabaha Financing | Contractual profit rate | |||||||||||||||
| 27 | Murabaha Personal consumer Financing to Awash Bank’s own Employees; | 27.1 Personal Consumer Financing: | 4% | 1 Year | ||||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | 7.50% | 2 Years | ||||||||||||||
| Note: | 11% | 3 Years | ||||||||||||||
| Financing frequency; No limit as long as the employee can. | None | 60% acceptable assets and personal guarantee. | 15% | 4 Years | ||||||||||||
| 19% | 5 Years | |||||||||||||||
| 27.2 The profit rate after the resignation of employees for personal consumer Murabaha Financing | Commercial profit rate | |||||||||||||||
| 27.3 The profit rate on the death of an employees for personal consumer Murabaha Financing | Contractual profit rate | |||||||||||||||
Qard
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| 28 | Emergency Staff Loan (Qard-ul-Hassan of six months’ Salary advance) | For free | To be repaid within three years | ||||||||||||||
| 29 | Qard (Loans) for Overseas Employment Agencies to be repaid within | 4%Kafalah fee shall be applied on any outstanding balance at the beginning of every year. Besides, ETB 7,500 shall be collected upfront while disbursing the loan to customer’s blocked account. | |||||||||||||||
| Max. Four years | |||||||||||||||||
| 30 | Overseas Employment Agencies Murabaha Financing | up to 12 Months (1 Yr) | 7% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 13% | To be repaid Within 2Yrs | |||||||||||||||
| 25-36 Months (3 Years) | 19% | To be repaid Within3 Yrs | |||||||||||||||
| 37-48 Months (4 Years) | 25% | To be repaid Within 4Yrs | |||||||||||||||
Charges and Fees related to credit processing
Collateral Management Fee
| Description | Fees and Charge | Rules of application | ||
| 1.1. Collateral substitution fee per collateral | 5,000.00 | Upon substituting of the collateral | ||
| 1.2. Collateral release fee per collateral | 5,000.00 | Upon release of the collateral | ||
| 1.3. Any amendments related to collateral per amendment | 3,500.00 | Upon amendment of the collateral | ||
| 1.4. Allowing registration of collaterals on Second degree by other bank’s (per each collateral) | 15,000.00 | Upon credit committee approval | ||
| 1.5. Appeal on collateral estimation excluding employees of NGO and Public and Government Institutions | 3,500.00 | Before effecting the re- estimation or revaluation |
Movable collateral management fee
| Description | Fees and Charge | Rules of application | ||
| 2.1. Motor vehicles, construction machinery and equipment’s | 1,000/booklet | Upon new credit request approval | ||
| 2.2. Factory machinery | 5,000/plant | Upon new credit request approval | ||
| 2.3. Movable collateral: registration initial notice/registration per collateral (Max 10Yrs) | 500 | Upon receiving registration request on the NBE system | ||
| 2.4. Movable collateral: notice/registration per collateral extending initial | 200 | Upon receiving registration request on the NBE system | ||
| 2.5. Movable collateral: search with signed certificate per collateral (Up on customer requires) | 200 | Upon collateral search request | ||
| 2.6. Movable collateral: search with-out signed certificate per collateral (Up on customer request) | 100 | Upon collateral search request | ||
| 2.7. Movable collateral: Full and Partial cancellation of registration per collateral | 200 | Upon collateral search request |
Credit processing fees
| Description | Fees and Charge | Rules of application | ||
| 3.1. For new credit facility approval | 0.25% | Upon loan disbursement | ||
| 3.2. For renewal of existing limit facility within the due date time | 0.035% of the limit | Upon renewal | ||
| 3.3. Renewal of limit facilities due but less one month from expiry date | 0.035% (minimum Birr 5,000) | Upon renewal | ||
| 3.4. Renewal of Limit facilities due but greater than one month from expiry date | 0.05% (minimum Birr 5,000) | Upon renewal | ||
| 3.5. Short term overdrawal | 0.025% (minimum Birr 10,000) | Upon allowing the overdrawal. The charge shall be calculated on the overdrawn amount. | ||
| 3.6. Temporary term loans, OD and other advances extension fee (First Time) except guarantee | 0.1% (minimum Birr 20,000) | Before setting the limit on the Core Banking System. | ||
| 3.7. Temporary term loans, OD and other advances extension fee (Second Time) except guarantee | 0.2% (minimum Birr 50,000) | Before setting the limit on the Core Banking System. | ||
| 3.8. Temporary term loans, OD and other advances extension fee (Third Time and then after as per NBE Directive) except guarantee | 0.3% (minimum Birr 100,000) | Before setting the limit on the Core Banking System. | ||
| 3.9. Temporary term loans, OD and other advances extension fee from expiry date due over one month | 20,000.00 | Before setting the limit on the Core Banking System. | ||
| 3.10. Revolving Merchandise Loan not showing Zero balance and/or its annual turnover below two within a year during the review period | 20,000.00 | Before setting the limit on the Core Banking System. | ||
| 3.11. Confirmation fees for guarantees issued | 500 | Upon confirming the request | ||
| 3.12. Preshipment facility conversion to term loan fee per loan account | 0.25% (Minimum Birr 10,000) | Before converting the facility on the Core Banking System | ||
| 3.13. Fees for issuance of any letter of undertaking/commitment in respect of loans approved, balance disclosure and any other letters relating to loans and advances. | 500 | Upon issuance of the letter | ||
| 3.14. Loan approved based on CCR | 2000 | Upon loan disbursement |
Renegotiation of credit facility Charges
| Description | Fees and Charge | Rules of application |
| 4.1. Wavier of repayment per waiver of installment | 0.1% of the installment amount (minimum 2,500) | Before implementing the credit decision |
| 4.2. Rescheduling per loan account | 0.05% of the outstanding balance (minimum Birr 2,500) | Before implementing the credit decision |
| 4.3. Amendment of Repayment | 3,000.00 | Before implementing the credit decision |
| 4.4. Transfer of Loan File (Excluding staff) | 3,000.00 | Before implementing the credit decision |
| 4.5. Guarantee extension/ amendment fee | 2,000.00 | The charge shall be collected in addition to the guarantee. extension commission upon extension |
| 4.6. Guarantee conversion to a term loan | 0.25% of the amount to be converted (minimum Birr 5,000) | Before implementing the credit decision |
| 4.7. Credit approval confirmation fee (excluding Guarantee) | 10,000.00 | Upon disbursement |
| 4.8. Late payment (over 30 days, but less than 90 days) | 2% per month on the installment amount (minimum Birr 1,000) | To be collected together with repayment |
| 4.9. OD and Merchandise facility converted to term loan | 0.25% of the amount to be converted (minimum 10,000) | Before converting the facility on the Core Banking System. |
Grace period fee
| Description | Fees and Charge | Rules of application | ||
| 5.1. Additional grace period on project loans | 0.05% of the approved loan (minimum Birr 25,000) | Before implementing the credit decision | ||
| 5.2. Waiver of Interest payment on project term loans during the grace period (See Note 3) | 3% commission income to be collected on quarterly basis on the accumulated accrued interest during the grace period and any interest amount kept under MIΑΑ until unpaid interest amount is fully settled | Applied every quarter | ||
| 5.3. Loan re-approval fee | 10,000.00 | Before loan disbursement | ||
| 5.4. Cancellation/suspension of foreclosure decision | 0.01% of the total outstanding balance of NPL accounts at the time of foreclosure decision (Minimum 5,000) | Immediately after the decision passed | ||
| 5.5. Appeal processing fee | 2,500.00 | Before processing the request | ||
| 5.6. Insurance Premium Payment Charge | 10.5% of the insurance premium (minimum Birt 3,000) | As soon as sufficient balance is found on the borrower account |
Merchandise Loan Handling Charge
| Description | Fees and Charge | Rules of application | ||
| 6.1. Each time a merchandise is pledged/released. | 5,000.00 | Upon release or pledge of merchandise stock. | ||
| 6.2. Credit Information Inquiry/per enquiry | Birr 500 if the requested loan amount ≤ 100,000, Birr 1,500 if < 1,000,000 and Birr 2,500 if more than Birr 1,000,000 as per inter office memo of Chief Credit Operation dated | Before inquiring credit information. |
Terms and Tariff Guideline on Guarantee Facilities
Terms and Tariff Guideline on Guarantee Facilities
| Type of Guarantee | Amount | Collateral Type and Value, and Guarantee Commission Rate | |||
| 100% cash blocked/foreign and local bank guarantee | Fully Covered with building and other acceptable collaterals | Partially Clean (more than or equal to 50% collateral coverage) | Clean | ||
| Bid Bond Guarantee | Any Amount | 0.15% | 0.5% | 0.87% | 1.25% |
| Advance Payment Guarantee | Up to Birr 20m | 0.15% | 0.90% | 1.07% | 1.25% |
| Above Birr 20m | 0.115% | 0.80% | 1.03% | 1.25% | |
| Performance Bond Guarantee/ | Up to Birr 20m | 0.15% | 0.75% | 1% | 1.25% |
| Supplier Credit Guarantee | Above Birr 20m | 0.115% | 0.65% | 0.95% | 1.25% |
| Retention | Up to Birr 20m | 0.15% | 0.80% | 1.02% | 1.25% |
| Above Birr 20m | 0.115% | 0.75% | 1% | 1.25% | |
| Custom Bond Guarantee | Up to Birr 10m | 0.15% | 0.50% | 0.87% | 1.25% |
| Above Birr 10m | 0.115% | 0.50% | 0.87% | 1.25% | |
Consumer Loan: NGO, Religious Institutions, International Agencies and Embassies Staff
| S/N | Type of Loan Facility | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Housing Loan | Construction/Renovation Loan for Organization Staff | Long term | 7% | 5% | The building under construction should be at a minimum of 30% complete. |
| Construction/Renovation Loan for Organization | up to 10 Yrs | 13% | As per credit Policy | If the Institution fulfills the criteria specified in the Religious Institutions’ policy and procedure. | ||
| Mixed use Building for Religious Institutions | 13% | |||||
| 2 | Acquisition of Residential Building for Organization Staff | Long term | 7% | 5% | ||
| 3 | Automobile Loan | Purchasing of New Vehicle for Organization Staff | Long term | 7% | 7% | |
| 4 | Purchasing of Used Vehicle Organization Staff | Long term | 7% | 15% | ||
| 5 | Personal Loan | Medical/household materials purchase, etc | Medium term | 7% | _ |
Awash Lehulu Interest Rate
| Duration | Amount Range (ETB) | Application Fee | Interest (Daily Rate) | Penalty After Due Date |
| 1 day | 100-3,000 | 1.25% | 0% | 2% |
| 1 week | 300-1,000 | 1.25% | 0.60% | 0.50% |
| 1,001-3,000 | 1.25% | 0.50% | 0.50% | |
| 3,001-6,000 | 1.25% | 0.45% | 0.50% | |
| 2 weeks | 300-3,000 | 2.50% | 0.50% | 0.50% |
| 3,001-6,000 | 2.50% | 0.45% | 0.50% | |
| 6,001-8,000 | 2.50% | 0.30% | 0.50% | |
| 1 month | 300-3,000 | 3.00% | 0.60% | 0.75% |
| 3,001-6,000 | 3.00% | 0.50% | 0.75% | |
| 6,001-10,000 | 3.00% | 0.45% | 0.75% | |
| 2 months | 1000-5,000 | 4.00% | 0.60% | 0.75% |
| 5,001-10,000 | 4.00% | 0.50% | 0.75% | |
| 10,001-15,000 | 4.00% | 0.45% | 0.75% | |
| 3 months | 300-5,000 | 5.00% | 0.60% | 0.75% |
| 5,001-10,000 | 5.00% | 0.50% | 0.75% | |
| 10,001-20,000 | 5.00% | 0.45% | 0.75% |
Domestic trade and service
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Domestic trade and service -Over Draft | 1 Year | 11% – 18.5% | The applicable rate depending on the collateral type provided | |
| 2 | Domestic trade and service -Term loan | 1 Year | 11.5% – 17.75% | The applicable rate depending on the collateral type provided | |
| 3 | Domestic trade and service -Term loan | 2 Years | 12% – 18% | The applicable rate depending on the collateral type provided | |
| 4 | Domestic trade and service -Term loan | 3 Yeas | 12.5% – 18.75% | The applicable rate depending on the collateral type provided | |
| 5 | Domestic trade and service -Term loan | 4 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 6 | Domestic trade and service -Term loan | 5 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 7 | Domestic trade and service -Term loan | Over 5 Years | 13.5% – 19% | The applicable rate depending on the collateral type provided |
Advance on export
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Advance on export – Coffee | 1 Year | 13% | ||
| 2 | Advance on export – Non -Coffee | 1 Year | 13.50% |
Export term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Export OD | 1 Year | 11% – 18.5% | The applicable rate depending on the collateral type provided | |
| 2 | Export term loan | 1 Year | 11.5% – 17.75% | The applicable rate depending on the collateral type provided | |
| 3 | Export term loan | 2 Years | 12% – 18% | The applicable rate depending on the collateral type provided | |
| 4 | Export term loan | 3 Years | 12.5% – 18.75% | The applicable rate depending on the collateral type provided | |
| 5 | Export term loan | 4 Years | 13% – 18.75% | The applicable rate depending on the collateral type provided | |
| 6 | Export term loan | 5 Years | 13% – 18.75% | The applicable rate depending on the collateral type provided | |
| 7 | Export term loan | Over 5 Years | 13.5% – 19% | The applicable rate depending on the collateral type provided |
Import Term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Import OD | 1 Year | 11% – 18.5% | The applicable rate depending on the collateral type provided | |
| 2 | Import Term loan | 1 Year | 11.5% – 17.75% | The applicable rate depending on the collateral type provided | |
| 3 | Import Term loan | 2 Years | 12% – 18% | The applicable rate depending on the collateral type provided | |
| 4 | Import Term loan | 3 Years | 12.5% – 18.75% | The applicable rate depending on the collateral type provided | |
| 5 | Import Term loan | 4 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 6 | Import Term loan | 5 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 7 | Import Term loan | Over 5 Years | 13.5% – 19% | The applicable rate depending on the collateral type provided |
Manufacturing Term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Manufacturing OD | 1 Year | 11% – 17.5% | The applicable rate depending on the collateral type provided | |
| 2 | Manufacturing Term loan | 1 Year | 11.5%- 16% | The applicable rate depending on the collateral type provided | |
| 3 | Manufacturing Term loan | 2 Years | 12% – 16.5% | The applicable rate depending on the collateral type provided | |
| 4 | Manufacturing Term loan | 3 Years | 12.5% – 17% | The applicable rate depending on the collateral type provided | |
| 5 | Manufacturing Term loan | 4 Years | 13% – 17.5% | The applicable rate depending on the collateral type provided | |
| 6 | Manufacturing Term loan | 5 Years | 13% – 17.5% | The applicable rate depending on the collateral type provided | |
| 6 | Manufacturing Term loan | Over 5 Years | 13.5% – 18% | The applicable rate depending on the collateral type provided |
Agricultural Term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Agricultural OD | 1 Year | 11% – 17% | The applicable rate depending on the collateral type provided | |
| 2 | Agricultural Term loan | 1 Year | 11.5% – 15% | The applicable rate depending on the collateral type provided | |
| 3 | Agricultural Term loan | 2 Years | 12% – 15.25% | The applicable rate depending on the collateral type provided | |
| 4 | Agricultural Term loan | 3 Years | 12.5% – 15.5% | The applicable rate depending on the collateral type provided | |
| 5 | Agricultural Term loan | 4 Years | 13% – 15.75% | The applicable rate depending on the collateral type provided | |
| 6 | Agricultural Term loan | 5 Years | 13% – 15.75% | The applicable rate depending on the collateral type provided | |
| 7 | Agricultural Term loan | Over 5 Years | 13.5% – 16% | The applicable rate depending on the collateral type provided |
Bank Guarantee
| S.N | Service Name | Description | Applicable Tariff/Term | Remark |
| 1 | Bank Guarantee | Bid bond Guarantee | 0.15% -1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 2 | Bank Guarantee | Performance guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 3 | Bank Guarantee | Advance payment guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 4 | Bank Guarantee | Customs bond guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 5 | Bank Guarantee | Supplier cr guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
Residential Home/Commercial Building Loan
| Purpose of the loan | Equity Contribution | Tenure of the Loans | Lending Interest Rate (Equity Contribution and Repayment in Foreign Currency) | Lending Interest Rate (Equity Contribution in Foreign Currency and Repayment in Local Currency) |
| • Purchase, Construction, Renovation or Extension of a Residential unit /Apartment or Commercial Building | >20% – 30% | Up to 20 years | Saving Interest Rate + 1.75% | Saving Interest Rate + 6% |
| • To simultaneously purchase and improve/finish a home/building. | >30% – 40% | Up to 20 years | Saving Interest Rate + 1% | Saving Interest Rate + 5.5% |
| • Finish construction of residential house/commercial building | >40% – 50% | Up to 20 years | Saving Interest Rate + 0.5% | Saving Interest Rate + 4.5% |
| • Refinancing of existing mortgage loan/ Buy-out of existing housing loan | > 50% | Up to 25 years | Saving Interest Rate + 0.25% | Saving Interest Rate + 2.5% |
Car/Auto Loan
| Purpose of the Loan | Equity Contribution | Tenure of the Loan | Lending Interest Rate (Equity Contribution and Repayment in Foreign Currency) | Lending Interest Rate (Equity Contribution in Foreign Currency and Repayment in Local Currency) |
| Purchase of a brand new or used Personal Automobiles. | Brand New Car: >= 20% | 10 years | Saving Interest Rate + 5% | Saving Interest Rate + 7% |
| •For buy-out of a Car Loan from another bank or financial institution (personal Auto) | Used Car: >= 30% | 7 years | Saving Interest Rate + 5% | Saving Interest Rate + 7% |
| • Purchase of Brand New Commercial – Vehicle (Code 03), like pick up, van etc. | >= 50% | 5 years | Saving Interest Rate + 5% | Saving Interest Rate + 7% |
Personal Consumer Loan
| Purpose of the Loan | Equity Contribution | Tenure of the Loan | Lending Interest Rate (Partial or Full Repayment in Local Currency) | Lending Interest Rate (Full Repayment in Foreign Currency) |
| Can be for own and /or relative living in Ethiopia. For immediate medical, tuition fee or livelihood needs : domestic or foreign travel, home improvements including the purchase of furniture and appliance; and other big ticket personal expenditure needs. | 10% – 15%* | 5 Years | Saving Interest Rate + 7% | Saving Interest Rate + 5% |
| N.B. For personal loan , the bank may require 10-15% equity contribution depending on the purpose for which the proceed of loan is to be used. Such as home improvements include the purchase of furniture and appliance and the other similar purpose. | ||||
Investment Financing
| Purpose of the Loan | Nature of the Loan | Equity Contribution | Tenure of the Loan | Lending Interest Rate (Both Equity and Loan Repayment in Foreign Currency) | Lending Interest Rate (Both Equity and Loan Repayment in Local Currency) |
| For expansion of existing business or new investments/projects in various sectors (Manufacturing, Hotel, Real-Estates, etc.) | Project Financing | Staring from 30% | Up to 15 Years depending on the project cash flow | Saving Interest Rate + 3% | Saving Interest Rate + 6.5% |
| Transport, Construction machineries, Agricultural Equipment | >= 50% | Up to 5 Years | Saving Interest Rate + 5% | Saving Interest Rate + 6.5% | |
| N.B. Grace period shall be considered depending on the nature of the project. | |||||
| If equity contribution is in local currency, project loans shall be treated in the same way as the mortgage loan | |||||
Institutional Banking Term and tarriff
| S/N | Service Name | Description | Applicable Tariff/Term | Remark |
| 1 | Estimation Fee for House | 1,200 ETB+100 Birr per floor | Must be Paid | |
| 2 | Construction Loan Fee(Unfinshied House) | 1,700 ETB | Must be Paid | |
| 3 | Estimation fee for used car | 3,000 ETB | Must be Paid | |
| 4 | CRB Fee(credit Information per person) | 2,500 ETB | Must be Paid | |
| 5 | Movable collateral registration Fee | 1,500 ETB | Must be Paid | |
| 6 | Stamp Duty | 1% Of approved loan amount | Must be Paid | |
| 7 | Loan Processing Fee | 0.25% of approved loan amount | Must be Paid | |
| 8 | Early Settlement Fee | waived | waived | |
| 9 | Late Payment Fee | 2% of repayment amount | Must be Paid | |
| 10 | Credit approval confirmation fee | According to Inter-memo dated December 25, 2021G.c. | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances according to Inter-memo dated December 25, 2021G.c. | |
| 11 | Collateral amendment feе | According to Inter-memo dated December 25, 2021G.c. | 3,500.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
| 12 | Collateral substitution fee | According to Inter-memo dated December 25, 2021G.c. | 5,000.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
| 13 | Rescheduling fee | According to Inter-memo dated December 25, 2021G.c. | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances | |
| 15 | Amendment of repayment fee | According to Inter-memo dated December 25, 2021G.c. | 3,000.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
| 16 | Collateral release fee | According to Inter-memo dated December 25, 2021G.c. | 5,000.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
Housing / Automobile / Personal Loan
| S/N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Other fees and costs, if any | Remark |
| 1 | For purchase and construction of residential building | For 25 years (Long term loan) | 7% | 5% | please refer the terms and tarrifs | Housing Loan |
| 2 | For purchase of automobile(brand new) And Used, with year of make less than or equal to 15 years. | For 10 years(for New), For 15 years (For used) | 7% | For new vehicles-7%, For used vehicle -15% | please refer the terms and tarrifs | Automobile Loan |
| 3 | For purchase of household furniture, to cover medical expenses, tuition fees, and any other personal obligations | For 5 years | 7% | Not required | please refer the terms and tarrifs | Personal loan |
