Terms and Tariffs
Conventional Lending Interest Rates
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Interest Rates for Non-Export Term Loans
Business Sector | Tenure of the loan ≤12 months | |||
C | CE | B&O | M | |
Agriculture | 10.00% | 13.75% | 15.25% | 15.75% |
Building Construction & Real Estate | 10.00% | 16.00% | 17.50% | 18.00% |
Construction Machinery Rental Services | 10.00% | 16.25% | 17.75% | 18.25% |
Domestic Trade and Services | 10.00% | 15.50% | 17.00% | 17.50% |
Education and Health Facilities | 10.00% | 12.75% | 14.25% | 14.75% |
Hotels and Tourism | 10.00% | 14.75% | 16.25% | 16.75% |
Import | 10.00% | 16.00% | 17.50% | 18.00% |
Loans to Microfinance and SACCOS | 10.00% | 10.00% | 10.50% | 11.00% |
Loans to Financial Institutions other than Banks* | 10.00% | 12.00% | 13.50% | 14.25% |
Loan to Primary Cooperatives and Unions | 9.00% | 9.50% | 12.00% | 13.00% |
Manufacturing | 10.00% | 14.50% | 16.00% | 16.75% |
Transport Service Loans | 10.00% | 16.00% | 17.50% | 18.25% |
Mining | 10.00% | 14.00% | 16.00% | 16.75% |
Term Loans repaid in FCY | 8.00% | 10.75% | 10.75% | 11.00% |
Additional Interest Rate Based on Tenure of the Loan | ||||
Loan Tenure | Additional Interest Rate | |||
12 < M ≤ 24 | 0.50% | |||
24 < M ≤ 36 | 1.00% | |||
36 < M ≤ 60 | 1.50% | |||
60 < M ≤ 96 | 2.00% | |||
M > 96 | 3.00% |
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Interest Rates for Non-Export Overdraft Facilities
Business Sector | Collateral Type | |||
C | CE | B&O | M | |
Agriculture | 10.25% | 14.00% | 15.50% | 16.00% |
Building Construction & Real Estate | 10.25% | 17.00% | 18.50% | 18.75% |
Construction Machinery Rental Services | 10.25% | 17.25% | 18.75% | 19.00% |
Domestic Trade and Service | 10.25% | 16.50% | 18.00% | 18.25% |
Educational and Health Facilities | 10.25% | 14.50% | 16.00% | 16.50% |
Hotels and Tourism | 10.25% | 15.75% | 17.25% | 17.50% |
Import | 10.25% | 16.50% | 18.00% | 18.50% |
Loans to Microfinance and SACCOS | 10.25% | 13.25% | 14.75% | 15.50% |
Loan to Financial Institutions other than banks | 10.25% | 14.00% | 15.50% | 16.50% |
Loan to Primary Cooperatives and Cooperative Unions | 9.50% | 12.25% | 13.75% | 15.00% |
Manufacturing | 10.25% | 15.50% | 17.00% | 17.50% |
Mining | 10.25% | 15.50% | 17.00% | 17.50% |
Transport Services | 10.25% | 16.50% | 18.50% | 18.75% |
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Interest Rates for Export Term Loan
Particular | Tenure of ≤12 months | |||
Cash | CE | B&O | M | |
Export Term Loan [All Sectors] | 8.00% | 8.00% | 8.00% | 9.00% |
Additional Interest Rate based on Tenure | ||||
Loan Tenure | Additional Interest Rate | |||
12 < M ≤ 24 | 0.00% | |||
24 < M ≤ 36 | 0.00% | |||
36 < M ≤ 60 | 0.00% | |||
60 < M ≤ 96 | 1.00% | |||
M > 96 | 1.00% |
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Interest Rates for Export Overdraft Facilities
Particular | Collateral Type | |||
C | CE | B&O | M | |
Export Overdraft Loans [All Sectors] | 8.75% | 9.00% | 9.50% | 10.00% |
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Interest Rates for Export Merchandise Loans
Repayment Period | Approved Interest Rate |
One-time facility for exportable goods for up to 90 days | 15.50% |
Revolving facility for exportable goods up to 180 days | 15.75% |
Revolving facility for exportable goods up to 365 days | 16.50% |
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Interest Rates for Temporary Revolving Facilities
Temporary Revolving Facilities | Interest Rates |
Temporary Overdraft | 20% |
Overdrawal (on Current A/C or Overdraft) | 21% |
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Interest Rates for Export Pre- or Post-Shipment Facilities
Product Type | Tenure in Days [D] | For Cooperative Unions | For customers other than Unions | ECG of DBE | ||
S/C | LC | SC | LC | |||
Export Pre- and Post-Shipment [All Sectors] | D ≤ 180 | 9.00% | 9.00% | 9.50% | 9.50% | 9.25% |
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Interest Rates for Gold Export Temporary Term Loan
Tenure in Days [D] | Interest Rate |
D ≤ 180 | 10.00% |
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Interest Rates for Advance Against Import Bill
Tenure in Days [D] | Interest Rate |
D ≤ 90 days | 20.00% |
>90 days | 20% + 3% default rate |
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Merchandise Loans
- Interest Rate for Non-Export Merchandise Loans
Repayment Period in Days [D] | Interest Rate | Advance |
Repayable within 90D | 17.00% |
Maximum of 75% |
Repayable between 90 and 180D | 17.25% | |
Repayable over 180D including revolving Merchandise | 17.50% | |
Merchandise in transit for 90D | 17.75% | |
Merchandise in transit b/n 90 and 180 days | 18.00% | |
Merchandise in transit over 180D including revolving Merchandise | 18.50% |
- Interest Rate for Non-Export Merchandise Loan against ECX Warehouse Receipt
Tenure in Days [D] | Interest Rate | Advance |
< 30 Days | 15.00% |
Maximum of 75% |
30<D≤60 | 15.50% | |
60<D≤120 | 16.00% | |
120<D≤ 365 | 16.50% |
- Interest Rate for Export Merchandise Loan against ECX Warehouse Receipt
Tenure in Days [D] | Interest Rate | Advance |
< 30D | 11.00% |
Maximum of 75% |
30<D≤60 | 12.50% | |
60<D≤120 | 13.50% | |
120<D≤ 365 | 15.00% |
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Consumer Loan for Employed and Self-Employed Individuals
- Interest Rate for Self-employed and Employed individuals [Existing Loan Contracts]
Purpose of the Loan | Approved Interest Rate | Tenure in Years [Y] | Saving Period in months [M] | Equity Cont. [C] | |
Purchase, construction, and renovation* residential unit/apartment | Saving IR + 10.00% | ≤ 20 Y | ≥ 6 M | C ≥ 25 | |
Purchase of personal automobile | New | Saving IR +10.00% | ≤ 7 Y | ≥ 6 M | C ≥ 25 |
Used | ≤ 5 Y | ≥ 6 M | C ≥ 30 | ||
Purchase of other personal household items | Saving IR +10.00% | ≤ 5 Y | ≥ 6 M | N/A |
- Interest Rate for Employed and Self-Employed Individual [applicable for new loan requests]
Purpose of the Loan | Approved Interest Rate | Tenure in Years [Y] | Saving Period in months [M] | Equity Cont. [C] | |
Purchase, construction, and renovation* residential unit/apartment | Saving IR + 5% | ≤ 15 Y | ≥ 12 M | C ≥ 70 | |
Purchase of personal automobile | New | Saving IR +5% | ≤ 6 Y | ≥ 12 M | C ≥ 60 |
Used | ≤ 5 Y | ≥ 12 M | C ≥ 70 | ||
Purchase of other personal household items | Saving IR +10% | ≤ 5 Y | ≥ 6 M | N/A |
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Consumer Loans Extended to Employees of Good Depositors, Members of Associations and Consumer Unions
- Interest rate for Employees of Good Depositors, Members of Associations and Consumer Unions [Current Account]
Purpose of the Loan | Annual Deposit [D] in Millions of ETB [Current Account] | Equity Cont. [C] | Tenure | |||||
D ≤ 50 | 50<D≤250 | 250<D≤500 | 500<D≤1 ,000 | > 1,000 | ||||
Minimum Average EOD Deposit for 365 days | 35 M | 200 M | 375 M | 750 M | 1 Bill. | |||
Purchase, construction or renovation of residential house | Saving IR + 1.00% | Saving IR + 0.75% | Saving IR + 0.50% | Saving IR+ 0.25% | Saving IR + 1.00% | ≥ 20% | ≤20 Years | |
Purchase of personal automobile | New | Saving IR + 2.00% | Saving IR + 1.75% | Saving IR + 1.50% | Saving IR + 1.25% | Saving IR + 0% | ≥ 20% | ≤8 Years |
Used | Saving IR + 2.00% | Saving IR + 1.75% | Saving IR + 1.50% | Saving IR + 1.25% | Saving IR + 0% | ≥ 30% | ≤6 Years | |
Purchase of other personal household items | Saving IR + 2.00% | Saving IR + 1.75% | Saving IR + 1.5% | Saving IR + 1.25% | Saving IR + 0% | N/A | ≤5 Years |
- Interest rate for Employees of Good Depositors, Members of Associations and Consumer Unions [Saving Account]
Purpose of the Loan | Annual Deposit [D] in Millions of ETB [Saving Account] | Equity Cont. [C] | Tenure | |||||
D ≤ 50 | 50<D≤250 | 250<D≤500 | 500<D≤1,000 | > 1,000 | ||||
Minimum Average EOD Deposit for 365 days | 35 M | 200 M | 375 M | 750 M | 1 Bill. | |||
Purchase, construction or renovation of residential mortgage | Saving IR + 8.00% | Saving IR + 7.75% | Saving IR + 7.25% | Saving IR + 7.00% | Saving IR + 5.75% | ≥ 20% | ≤20 Years | |
Purchase of personal automobile | New | Saving IR + 8.00% | Saving IR + 7.75% | Saving IR + 7.25% | Saving IR + 7.00% | Saving IR + 6.75% | ≥ 20% | ≤8 Years |
Used | Saving IR + 8.00% | Saving IR + 7.75% | Saving IR + 7.25% | Saving IR + 7.00% | Saving IR + 6.75% | ≥ 30% | ≤6 Years | |
Purchase of other personal household items | Saving IR + 8.00% | Saving IR + 7.75% | Saving IR + 7.25% | Saving IR + 7.00% | Saving IR + 6.75% | N/A | ≤5 Years |
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Consumer Loans Provided to Employees of NGOs, Embassies, Exporters and Other FCY Generating Companies
Purpose of the Loan | Equity Contribution & Repayment in LCY | |||
Interest Rate | Tenure | Equity Contribution [C] | ||
Purchase, construction, and renovation of residential unit/ apartment | Saving IR + 0.00% | ≤ 20 Years | C ≥ 5% | |
Purchase of personal automobile | New | Saving IR + 0.00% | ≤ 12 years | C ≥ 5% |
Used | Saving IR + 0.00% | ≤ 8 years | C ≥ 10% | |
Purchase of other personal household items | Saving IR + 0.00% | ≤ 5 years | NA |
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Consumer Loan for Diaspora, Government Employees with Diplomatic Status
Equity Contribution [C] | Scenario I: Equity & Repayment in FCY | Scenario II: Equity in FCY and Repayment in LCY | Tenure of the loan |
30%<C≤ 50% | Saving IR + 0.00% | Saving IR + 1.00% |
§ ≤20 years for purchase, construction, renovation of residential unit/ apartment § ≤ 12 years for new car § ≤ 8 years for used car § ≤ 5 years for personal loan |
50%<C≤ 70% | Saving IR + 0.00% | Saving IR + 0.50% | |
C >70% | Saving IR + 0.00% | Saving IR + 0.00% |
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Consumer Loans for Int’l Remittance Senders, Receivers, and Sellers of FCY in Cash
Equity Contribution [C] | Scenario I: Equity & Repayment in FCY | Scenario II: Equity in FCY and Repayment in LCY | Loan Tenure |
C=30% | Saving IR + 3.00% | Saving IR + 5.00% |
§ ≤20 years for purchase, construction, and renovation of residential unit/apartment § ≤8 years for a new car § ≤ 6 years for a used car § ≤ 5 years for a personal loan |
30% <C ≤ 50% | Saving IR + 2.00% | Saving IR + 4.00% | |
50% <C ≤ 70% | Saving IR + 1.50% | Saving IR + 3.50% | |
C >70% | Saving IR + 1.00% | Saving IR + 3.00% |
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Consumer Loans for Employed or Self-Employed FCY Earning Individuals [FCY Saving Account Holders]
Equity Contribution and Repayment in FCY | ||||
Purpose of Loan | Interest Rate | Tenure of the Loan | Equity Contribution [FCY] | |
Purchase, construction, and renovation of residential unit/ apartment | Saving IR + 0.00% | ≤ 25 years | 0% | |
Purchase of personal automobile | New | Saving IR + 0.00% | ≤ 12 years | ≥ 5.00% |
Used | ≤ 8 years | |||
Purchase of other personal household items | Saving IR + 0.00% | ≤ 7 years | 0% |
Deposit Account Interest Rate
FX General Saving | Up to 14% |
Hawala Saving | Up to 14% |
Premium Saving | Up to 8% |
Women Saving | Up to 7.25% to 8% as per the product profile |
Goal Saving | Up to 7.25% to 8% as per the product profile |
Ekub Saving | Up to 7.25% to 9% as per the product profile |
Modified Youth Saving | Up to 7.25% as per the product profile |
Investment Saving | Up to 9% to 9% as per the product profile |
Hybrid | 7% |
Student Account | 7% |
Tiret Saving | 7% |
Provident Fund | 7% |
General Current Account | No interest rate for current account deposit |
Saving Plus | 7% |
Interest Plus Bonus | in addition to the 7% interest, pays 2% bonus on the interest income earned. |
General Saving | 7% |
Time Deposit | Negotiable |
Domestic Banking Service
Local fund transfer [Within the Bank]
Service Category | Conditions | Ranges | Approved Fees | |
Fund Transfer within Dashen Bank (Account to account ) | To own account | Any | Free | |
To other Customer Account | Up to ETB 5,000 | Free | ||
ETB 5,001 up to 25,000 | ETB 10 | |||
ETB 25,001 to ETB 500,000 | ETB 15 | |||
above 500,001 | ETB 50 | |||
Transfer for loan repayment [only if transfer is made to loan takedown account] | Any | Free | ||
Cash Withdrawal at the Branch [within the NBE’s withdrawal limit] | For account holders | Any | Free | |
Local Money Transfer Service [LMTS] | Account to account | Up to ETB 2,000 | Free | |
Above ETB 2,000 | Free | |||
Account to walk-in customers (cash) or | Up to ETB 2,000 | Commission ETB 5 per 1000; plus Telex Etb 25 | ||
Walk-in customers (cash) to Walk-in Customers (cash) | Above ETB 2,000 | Commission ETB 5 per 1000; plus Telex Etb 25 | ||
Walk-in customers (cash) to Account | Up to ETB 2,000 | Services disallowed | ||
Above 2000 | ||||
Re-transfer & cancellation of Local Money Transfer Service [LMTS] on customer’s request | For account holder (From account) | For any amount | ETB 50 |
Local fund transfer [Other Bank Fund transfer]
Outgoing Real Time Gross Settlement Service [RTGS], Special Cheque, CPO Clearance | Service charge | ETB 120 | ||
Bank-to-Bank Transfer [Outgoing] | Service charge | ETB 50 | ||
Incoming Special Cheque Clearing | ETB 75 |
CPO
Issuance of CPO | For account holder | Up to ETB 250,000 | ETB 150 | |
Above ETB 250,000 | ETB 300 | |||
Walk-in Customer | Up to ETB 250,000 | ETB 500 | ||
Above ETB 250,000 | ETB 1000 | |||
Loss and Replacement of CPO | For account holder | ETB 200 | ||
Walk-in Customer | ETB 400 | |||
CPO Cancellation/Amendment | For account holder | ETB 150 | ||
Walk-in Customer | ETB 300 | |||
Loss and Refunding of CPO | For account holder | ETB 200 | ||
For non-account holder | ETB 400 | |||
CPO presented for payment outside of its issuing branch office | ETB 200 |
Passbook Issuance
Passbook issuance upon opening | Free | |||
Replacement Lost Passbook /Damaged passbook | ETB 50 | |||
Replacement of fully utilized passbook | Free |
Cheque Book
Cost of Cheque Book | 10 leaves | ETB 50 | ||
25 leaves | ETB 80 | |||
50 leaves | ETB 200 | |||
100 leaves | ETB 300 |
Incidental Fees
Account Closure before 6 month of opening | ETB 50 | |||
Account information request /block or freeze/ accounts as per court order | ETB 100 | |||
[Free if requested by pertinent government authority] | ||||
Balance confirmation | Local | ETB 100 plus courier cost if any | ||
Abroad | ETB 250 plus courier cost if any | |||
Cheque returned unpaid | ETB 100 Plus Warning Letter | |||
due to insufficient fund | Warning Letter for 1st instance, Block all outgoing transfers until all dishonored Cheque settled | |||
3.00% of the dishonored amount up to ETB 25,000 for 2nd instance | ||||
Second warning Letter, Block all outgoing transfers until all dishonored Cheque settled | ||||
5.00% of the dishonored amount up to ETB 50,000 for 3rd instances | ||||
Block all outgoing transfers until and close all Cheque accounts | ||||
Special Cheque returned unpaid | ETB 50 | |||
Stop Payment Order [Current Account] | ETB 200 per order/leaf | |||
Duplicate advice requests and other documents | Less than 12 months statement | ETB 25 | ||
Duplicate advice requests and other documents | More than 12 months statement | ETB 50 | ||
Duplicate statement request | ETB 25 | |||
Standing instruction to Account within Dashen Bank | ETB 50 | |||
Standing instruction to another bank’s account | ETB 50 plus RTGS Fee | |||
Change of signature / Signatories | ETB 50 | |||
Daily cash withdrawal permit above the limit set by NBE | ETB 500 | |||
Balance confirmation for external auditor | ETB 250 plus courier cost, if any | |||
Photocopy charge | ETB 5 per page |
Sundries Services
Bulk Salary Payment | A fee of ETB 3 per salary account per transaction applies, except for bulk salary (pension) payments from the Federal Public Servants Social Security Agency (PSSSA) to pension account holders, which are exempt from bulk salary payment fees. | |||
Special cash collection/payment service | ETB 300 per destination within 10 km radius of home branch plus ETB 100 per each additional 5km | |||
prominent customers(door to door service) within the same city/town | ||||
Authentication fee at documents authentication and Registration office and courts registration office and courts | Online | ETB 50 | ||
In Person | ETB 200 plus third-party fee | |||
Traffic penalty payment | For Account Holders | ETB 10 | ||
Walk in customer | ETB 15 |
Digital Banking Service Tariff
Types of Service | Charges | |
Payment card Joining fee | Local Payment Cards [Visa, Amex-Green, Dashen Branded, An-Nisa & Sahrik] |
ETB 10 ETB 25 for An-nisa and Sharik |
Amex Gold | ETB 15 | |
Master Card International Prepaid Card | ETB 500 | |
Virtual Master Card International Prepaid Card | NA | |
Amex International debit Card | ETB 500 | |
Payment card replacement fee (lost, damaged, expired) | Local Payment Cards [Visa, Amex-Green, Dashen Branded, An-Nisa & Sharik] | ETB 40 |
Master Card International Prepaid Card | ETB 300 | |
Virtual Master Card International Prepaid Card | NA | |
Amex International Card | ETB 300 | |
Payment Card Annual Subscription Fee | Local Payment Cards [Visa, Amex-Green, Dashen Branded, An-Nisa & Sharik] |
ETB 25 Has no charge for An-nisa and Sharik |
Amex Gold | ETB 100 | |
Master Card International Prepaid Card | NA | |
Virtual Master Card International Prepaid Card | NA | |
Amex International Card | NA | |
Additional account linking fee | ETB 25 as per Dashen Bank AMEX gold card member @ Terms and Conditions | |
Mini Statement on-us | NA | |
Transaction fee Withdrawal From ATM | Local Payment Cards [Visa, Amex-Green, Amex Gold, Dashen Branded, An-Nisa & Sharik] | 0.25% per transaction |
Master Card International Prepaid | 0.03 USD per transaction | |
Amex International Card | USD 2 per transaction | |
Prepaid Card Top-up Fee | Local Prepaid Cards | Free |
MasterCard International | Free | |
Balance Inquiry | NA | |
Currency conversion for USD | Per transaction as per Dashen Bank Amex Gold card member terms and conditions |
Mobile Banking Service Fees | |
Mobile Banking Service Types | Charges |
PIN Replacement | Free |
PIN Reissue Fee: | ETB 25.00 As per Dashen Bank American Express Gold card Membership @ terms and conditions |
Linking with another account | ETB 10 |
Own Account Transfer | Free |
Account-to-account fund transfer to another customer within Dashen Bank | Free |
Full Statement (the customer can request the Date) | Free |
Airtime recharge | Free |
Utility payment | Free |
Ethiopian Airlines Payment | 0.05% |
Fund transfer from account to own Amole wallet, telebirr, and m-pesa wallet account | Free |
Fund transfer from account another person’s Amole Wallet, telebirr, and m-pesa wallet account | Free |
EthSwitch Transactions [Digital Interbank Transactions] | |||
Interbank Fund Transfer fees | |||
S. No | Fee and Charge types | Fee basis | Fees/ Charges |
1 | Up to ETB 5,000 | Per 100 ETB transaction | 0.40% |
2 | From ETB 5,001 up to ETB 25,000 | 0.24% | |
3 | From ETB 25,001 up to ETB 100,000 | 0.16% | |
4 | From ETB 100,001 up to 1000,000 | 0.08% | |
5 | Above ETB 1,000,000 | 0.04% | |
Interbank ATM mini statement Request | |||
S. No | Fee and Charge types | Existing Charges | Proposed Charges |
1 | On-Us/ Off-Us ATM Mini Statement | ETB 1.00 per transaction | ETB 1.00 per transaction |
ATM & POS Cash Withdrawal Fees | |||
S. No | Fee and Charge types | Existing Charges | Proposed Charges |
1 | On-Us/ Off-Us ATM POS Cash Advance | 0.5 per 100 birr transaction |
Credit Service Tariff
Credit Processing Service | ||
Credit Processing Service | Rates | Applicability |
Financial Credit Report [FCR] | C <5 million = ETB 2,000 | Up on request for service |
Credit information request [Consumer Loan] | C ≤ 100,000= ETB 50 | Per request at the time of retrieval |
100,000<C≤1,000,000= ETB 1,100 | ||
C >1,000,000= ETB 2,100 | ||
Credit information request and estimation fees for motor vehicles | ETB 2,200 and 700 (for IFB), 2,100 and 1,000 (for conventional) | |
Credit information request [Business Loan] | C ≤ 100,000= ETB 200 | Per request at the time of retrieval |
100,000<C≤1,000,000= ETB 1,300 | ||
C >1,000,000= ETB 2,500 | ||
Consumer loan processing fee | ETB 1,000 | At the time of application |
Consumer Loan Appraisal Fee | 1% of the approved loan minus consumer loan processing fee | At the time of loan approval |
Business loan processing Fee [including revolving loans] | ETB 3,000 | At the time of application for a loan |
Business loan appraisal Fee [including revolving loans] | 0.75% of the approved amount minus business loan processing and Feasibility study appraisal fee | At the time of loan approval |
Acceptable supplier valuation | ETB 5,000 | Per request at the time of request for evaluation |
Feasibility study appraisal | ETB 5,000 | At the time of request |
Advance Payment Administration Fee [Business and Consumer Loans] | 7% | Customers may make advance payments of up to double the agreed-upon repayment amount without penalty. Should the customer exceed this limit, a 7% advance loan repayment penalty will be applied to the excess amount. |
Early Settlement Administration Fee [Business and Consumer Loans] | 7.00% | If the outstanding loan is settled with more than 6 months remaining until the loan maturity date, the total principal outstanding amount shall apply. |
Collateral registration fee | ETB 1,000 | Per the collateral registration certificate |
Revolving Credit Line Renewal fee | C≤ 5,000,000 = 0.50% | Applicable on the renewal facility amount. For the renewal facility amount, should the revolving credit line be renewed at a higher amount, the increment will be subject to loan processing and appraisal fees, in addition to the credit line renewal fee. |
C > 5,000,000= 0.25% | ||
Renewal of expired facilities | Revolving credit line renewal fee plus 0.03% | On the facility amount |
Increase of Revolving facility limit | 0.75% | On the increased facility limit at the time of approval. |
Transfer of loan file to another branch at the request of customer | ETB 2,000 | At the time of request |
Unutilized OD facility | 1.00% per annum | Charged on the monthly unutilized facility amount. |
Unutilized merchandise credit line and pre & Post shipment facility commitment fee | 1.00% | Charged on maturity on the unutilized facility amount |
Loan renegotiation fee [other than waiver of repayment and grace period extension] | 1.00% | On the outstanding amount upon approval |
Waiver of repayment | 2.00% | |
Grace period extension: | ||
§ 1st time | 0.25% | |
§ 2nd time and above | 1.00% | |
Issuance of loan status update statement | ETB 3,000 | Per request to be paid at the time of request |
Change or release of Collateral | ETB 5,000 | Per request, upon approval for change or release of collateral |
Internal Loan Transfer | 2.00% | On the transferred amount upon approval for loan transfer. The fee is borne by the person that relieved his/her/its debt, i.e., the one that sold the loan. |
Reevaluation of existing collateral value | ETB 2,500 | At the time of reevaluation [bank initiated reevaluation] |
Allowing Registration of Collaterals on the Second Degree by other banks (per each collateral) | ETB 5,000 | At the time of request |
Merchandise pledge/release fee | ETB 3,000 | At the time of request |
Audit Confirmation fee | ETB 100 | At the time of request |
Defaulted Revolving facility [OD, Pre/Post shipment and Merchandize] and Guarantee Conversion to Term Loan | 2% of converted guarantee, revolving facility, or advance amount | At the time of conversion |
Extending the validity period of the Letter of Undertaking | ETB 3,000 | At the time of request |
Loan pre-approval fee | ETB 5,000 | At the time of request |
Insurance Policy Underwriting Process [If done by Dashen Bank | 5% of the insurance premium, Min. ETB 500 | At the time of handling the underwriting process |
Cancelation/suspension of foreclosure decision | ETB 10,000 | At the time of request approval |
Stamp Duty Charge | 1.00% | At the time of disbursement |
Revenue Stamp Charge | ETB 5.00 |
Collateral Estimation Service | Proposed Rates |
Residential Building | ETB 1,000 Plus ETB 250 per additional floor |
Commercial and Mixed Use Building | ETB 2,000 Plus ETB 500 per additional floor |
For Industrial Buildings | ETB 1,500/ 1000 m2 Plus ETB 1,000 per additional 1000 m2 |
Commercial and Mixed Use Building under construction [Projects] | ETB 2,500 Plus ETB 600 per additional floor |
Motor vehicles: Three wheelers & Motorcycle | ETB 500 per/title deed |
Motor vehicles: Four wheelers & automobiles | ETB 1,000 per/title deed |
Fuel Tanks | ETB 1,500 per fuel tank |
Coffee Hulling and Washing Station site | ETB 2,000/site Plus ETB 1,000/ 100KM |
Coffee, tea, and other plantations | ETB 3000 per plantation |
Flower Farm | ETB 2000 per greenhouse |
Factory Plant | ETB 5,000 per plant |
Collateral re-estimation appeal | ETB 2,000 per request |
Factory Machine | ETB 500 per plant |
Trucks, Construction and Farm Machinery and Equipment | ETB 700 /title deed |
IFB fees and Terms
1 Profit Rates for Business Financing
1.1 Profit Rate for Non-Export Murabaha Business Financing
Sector | Payment Mode | Collateral | Murabaha Financing Tenure in Years | |||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |||
1. Agriculture | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 9.00 | 17.00 | 26.50 | 36.50 | 47.00 | 59.00 | 71.00 | 82.50 | 96.00 | 112.50 | ||
B & O | 10.00 | 19.00 | 29.00 | 40.00 | 51.50 | 65.00 | 78.50 | 91.00 | 106.00 | 124.00 | ||
M | 10.00 | 19.50 | 30.00 | 41.50 | 53.50 | 67.00 | 81.00 | 94.00 | 109.50 | 128.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 10.00 | 18.00 | 27.50 | 38.00 | 48.00 | 60.00 | 72.50 | 84.00 | 97.50 | 113.50 | ||
B & O | 11.00 | 20.00 | 30.50 | 41.50 | 53.00 | 66.50 | 79.50 | 92.50 | 107.50 | 125.00 | ||
M | 11.50 | 20.50 | 31.50 | 43.00 | 54.50 | 68.50 | 82.00 | 95.50 | 111.00 | 129.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 12.00 | 20.00 | 29.50 | 39.50 | 50.00 | 62.00 | 74.00 | 85.50 | 99.00 | 115.50 | ||
B & O | 13.00 | 22.00 | 32.50 | 43.50 | 55.00 | 68.50 | 81.50 | 94.50 | 109.50 | 127.00 | ||
M | 13.50 | 22.50 | 33.50 | 45.00 | 56.50 | 70.50 | 84.00 | 97.50 | 112.50 | 131.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 15.50 | 23.50 | 33.00 | 43.00 | 53.50 | 65.50 | 77.50 | 89.00 | 102.50 | 118.50 | ||
B & O | 17.00 | 25.50 | 36.50 | 47.50 | 59.00 | 72.50 | 85.50 | 98.00 | 113.00 | 130.50 | ||
M | 17.50 | 26.50 | 37.50 | 49.00 | 60.50 | 74.50 | 88.00 | 101.00 | 116.50 | 134.50 | ||
2. Building Construction & Real Estate | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 10.50 | 19.50 | 30.50 | 42.00 | 54.00 | 68.00 | 82.00 | 95.50 | 111.50 | 130.00 | ||
B & O | 11.00 | 21.50 | 33.00 | 46.00 | 59.00 | 74.50 | 89.50 | 104.50 | 121.50 | 142.00 | ||
M | 11.50 | 22.00 | 34.00 | 47.00 | 60.50 | 76.50 | 92.00 | 107.50 | 125.00 | 146.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 11.50 | 21.00 | 32.00 | 43.50 | 55.50 | 69.50 | 83.50 | 97.00 | 112.50 | 131.00 | ||
B & O | 12.50 | 23.00 | 34.50 | 47.50 | 60.50 | 75.50 | 91.00 | 106.00 | 123.00 | 143.00 | ||
M | 13.00 | 23.50 | 35.50 | 48.50 | 62.00 | 78.00 | 93.50 | 109.00 | 126.50 | 147.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 13.50 | 23.00 | 34.00 | 45.50 | 57.50 | 71.50 | 85.50 | 99.00 | 114.50 | 133.00 | ||
B & O | 15.00 | 25.00 | 37.00 | 49.50 | 63.00 | 78.00 | 93.00 | 108.00 | 125.00 | 145.00 | ||
M | 15.00 | 25.50 | 38.00 | 51.00 | 64.50 | 80.00 | 96.00 | 111.00 | 128.50 | 149.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 17.50 | 27.00 | 38.00 | 49.50 | 61.50 | 75.50 | 89.50 | 102.50 | 118.00 | 133.00 | ||
B & O | 19.00 | 29.00 | 41.50 | 54.00 | 67.00 | 82.00 | 97.50 | 112.00 | 129.00 | 145.00 | ||
M | 19.50 | 30.00 | 42.50 | 55.50 | 69.00 | 84.50 | 100.00 | 115.00 | 132.50 | 149.00 | ||
3. Construction Machinery Rental Services | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 10.50 | 20.00 | 31.00 | 42.50 | 55.00 | 69.00 | 83.50 | 97.00 | 113.00 | 132.00 | ||
B & O | 11.50 | 21.50 | 33.50 | 46.50 | 60.00 | 75.50 | 91.00 | 106.00 | 123.50 | 144.00 | ||
M | 11.50 | 22.00 | 34.50 | 48.00 | 61.50 | 77.50 | 93.50 | 109.00 | 127.00 | 148.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 12.00 | 21.00 | 32.50 | 44.00 | 56.50 | 70.50 | 84.50 | 98.50 | 114.50 | 133.00 | ||
B & O | 13.00 | 23.00 | 35.00 | 48.00 | 61.50 | 77.00 | 92.50 | 107.50 | 125.00 | 145.00 | ||
M | 13.00 | 23.50 | 36.00 | 49.50 | 63.00 | 79.00 | 95.00 | 110.50 | 128.50 | 149.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 14.00 | 23.00 | 34.50 | 46.00 | 58.50 | 72.50 | 87.00 | 100.50 | 116.00 | 135.00 | ||
B & O | 15.00 | 25.50 | 37.50 | 50.50 | 63.50 | 79.00 | 94.50 | 109.50 | 126.50 | 147.00 | ||
M | 15.50 | 26.00 | 38.50 | 51.50 | 65.50 | 81.00 | 97.00 | 112.50 | 130.50 | 151.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 18.00 | 27.50 | 38.50 | 50.50 | 62.50 | 76.50 | 91.00 | 104.00 | 120.00 | 138.50 | ||
B & O | 19.50 | 29.50 | 42.00 | 55.00 | 68.00 | 83.50 | 98.50 | 113.50 | 130.50 | 150.50 | ||
M | 20.00 | 30.50 | 43.00 | 56.00 | 70.00 | 85.50 | 101.50 | 116.50 | 134.00 | 155.00 | ||
4. Domestic Trade & Services | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 10.00 | 19.00 | 29.50 | 41.00 | 52.50 | 66.00 | 79.50 | 92.50 | 108.00 | 126.00 | ||
B & O | 11.00 | 20.50 | 32.50 | 44.50 | 57.50 | 72.00 | 87.00 | 101.50 | 118.00 | 138.00 | ||
M | 11.00 | 21.50 | 33.00 | 46.00 | 59.00 | 74.50 | 89.50 | 104.50 | 121.50 | 142.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 11.50 | 20.50 | 31.00 | 42.50 | 54.00 | 67.50 | 81.00 | 94.00 | 109.00 | 127.00 | ||
B & O | 12.50 | 22.00 | 33.50 | 46.00 | 59.00 | 73.50 | 88.50 | 103.00 | 119.50 | 139.00 | ||
M | 12.50 | 23.00 | 34.50 | 47.50 | 60.50 | 75.50 | 91.00 | 106.00 | 123.00 | 143.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 13.50 | 22.50 | 33.00 | 44.00 | 56.00 | 69.50 | 83.00 | 96.00 | 111.00 | 129.00 | ||
B & O | 14.50 | 24.50 | 36.00 | 48.50 | 61.00 | 76.00 | 90.50 | 105.00 | 121.50 | 141.00 | ||
M | 15.00 | 25.00 | 37.00 | 49.50 | 63.00 | 78.00 | 93.00 | 108.00 | 125.00 | 145.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 17.00 | 26.00 | 37.00 | 48.00 | 60.00 | 73.50 | 87.00 | 99.50 | 114.50 | 132.50 | ||
B & O | 18.50 | 28.50 | 40.00 | 52.50 | 65.50 | 80.00 | 94.50 | 109.00 | 125.00 | 144.50 | ||
M | 19.00 | 29.00 | 41.50 | 54.00 | 67.00 | 82.00 | 97.50 | 112.00 | 129.00 | 148.50 | ||
5. Education & Health Facilities | Monthly | C | 7.00 | 13.00 | 20.00 | 27.50 | 35.00 | 44.50 | 53.50 | 62.00 | 78.50 | 92.00 |
CE | 8.50 | 16.00 | 24.50 | 34.00 | 43.50 | 55.00 | 66.50 | 77.00 | 96.00 | 112.50 | ||
B & O | 9.50 | 17.50 | 27.50 | 37.50 | 48.50 | 61.00 | 73.50 | 85.50 | 106.00 | 124.00 | ||
M | 9.50 | 18.00 | 28.00 | 39.00 | 50.00 | 63.00 | 76.00 | 88.50 | 109.50 | 128.00 | ||
Quarterly | C | 8.00 | 13.50 | 21.00 | 28.50 | 36.00 | 45.50 | 54.50 | 63.00 | 79.50 | 93.00 | |
CE | 9.50 | 17.00 | 26.00 | 35.00 | 45.00 | 56.00 | 67.50 | 78.00 | 97.50 | 113.50 | ||
B & O | 10.50 | 19.00 | 28.50 | 39.00 | 49.50 | 62.00 | 75.00 | 86.50 | 107.50 | 125.00 | ||
M | 11.00 | 19.50 | 29.50 | 40.50 | 51.50 | 64.50 | 77.00 | 89.50 | 111.00 | 129.00 | ||
Semi-annual | C | 9.00 | 15.00 | 22.00 | 30.00 | 37.50 | 47.00 | 56.00 | 64.50 | 81.00 | 94.50 | |
CE | 11.00 | 18.50 | 27.50 | 37.00 | 46.50 | 58.00 | 69.00 | 80.00 | 99.00 | 115.50 | ||
B & O | 12.50 | 20.50 | 30.50 | 41.00 | 51.50 | 64.00 | 76.50 | 88.50 | 109.50 | 127.00 | ||
M | 12.50 | 21.50 | 31.50 | 42.00 | 53.50 | 66.00 | 79.00 | 91.50 | 112.50 | 131.00 | ||
Annual | C | 11.50 | 17.50 | 25.00 | 32.50 | 40.50 | 50.00 | 59.00 | 67.00 | 84.00 | 97.50 | |
CE | 14.50 | 22.00 | 31.00 | 40.50 | 50.00 | 61.50 | 72.50 | 83.00 | 102.50 | 118.50 | ||
B & O | 16.00 | 24.00 | 34.00 | 44.50 | 55.50 | 68.00 | 80.50 | 92.00 | 113.00 | 130.50 | ||
M | 16.50 | 25.00 | 35.00 | 46.00 | 57.00 | 70.00 | 83.00 | 95.00 | 116.50 | 134.50 | ||
6. Hotels & Tourism | Monthly | C | 7.00 | 13.00 | 20.00 | 27.50 | 35.00 | 44.50 | 53.50 | 62.00 | 78.50 | 92.00 |
CE | 9.50 | 18.00 | 28.00 | 39.00 | 50.00 | 63.00 | 76.00 | 88.50 | 109.50 | 128.00 | ||
B & O | 10.50 | 20.00 | 31.00 | 42.50 | 55.00 | 69.00 | 83.50 | 97.00 | 120.00 | 140.00 | ||
M | 11.00 | 20.50 | 32.00 | 44.00 | 56.50 | 71.00 | 86.00 | 100.00 | 123.50 | 144.00 | ||
Quarterly | C | 8.00 | 13.50 | 21.00 | 28.50 | 36.00 | 45.50 | 54.50 | 63.00 | 79.50 | 93.00 | |
CE | 11.00 | 19.50 | 29.50 | 40.50 | 51.50 | 64.50 | 77.00 | 89.50 | 111.00 | 129.00 | ||
B & O | 12.00 | 21.00 | 32.50 | 44.00 | 56.50 | 70.50 | 84.50 | 98.50 | 121.50 | 141.00 | ||
M | 12.00 | 22.00 | 33.50 | 45.50 | 58.00 | 72.50 | 87.50 | 101.50 | 125.00 | 145.00 | ||
Semi-annual | C | 9.00 | 15.00 | 22.00 | 30.00 | 37.50 | 47.00 | 56.00 | 64.50 | 81.00 | 94.50 | |
CE | 12.50 | 21.50 | 31.50 | 42.00 | 53.50 | 66.00 | 79.00 | 91.50 | 112.50 | 131.00 | ||
B & O | 14.00 | 23.28 | 34.41 | 46.24 | 58.43 | 72.56 | 86.75 | 100.36 | 123.19 | 143.00 | ||
M | 14.00 | 24.00 | 35.50 | 47.50 | 60.00 | 74.50 | 89.50 | 103.50 | 126.50 | 147.00 | ||
Annual | C | 11.50 | 17.50 | 25.00 | 32.50 | 40.50 | 50.00 | 59.00 | 67.00 | 84.00 | 97.50 | |
CE | 16.50 | 25.00 | 35.00 | 46.00 | 57.00 | 70.00 | 83.00 | 95.00 | 116.50 | 134.50 | ||
B & O | 18.00 | 27.50 | 38.50 | 50.50 | 62.50 | 76.50 | 91.00 | 104.00 | 127.00 | 146.50 | ||
M | 18.50 | 28.00 | 39.50 | 52.00 | 64.50 | 79.00 | 93.50 | 107.50 | 130.50 | 150.50 | ||
7. Import | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 10.50 | 19.50 | 30.50 | 42.00 | 54.00 | 68.00 | 82.00 | 95.50 | 111.50 | 130.00 | ||
B & O | 11.00 | 21.50 | 33.00 | 46.00 | 59.00 | 74.50 | 89.50 | 104.50 | 121.50 | 142.00 | ||
M | 11.50 | 22.00 | 34.00 | 47.00 | 60.50 | 76.50 | 92.00 | 107.50 | 125.00 | 146.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 11.50 | 21.00 | 32.00 | 43.50 | 55.50 | 69.50 | 83.50 | 97.00 | 112.50 | 131.00 | ||
B & O | 12.50 | 23.00 | 34.50 | 47.50 | 60.50 | 75.50 | 91.00 | 106.00 | 123.00 | 143.00 | ||
M | 13.00 | 23.50 | 35.50 | 48.50 | 62.00 | 78.00 | 93.50 | 109.00 | 126.50 | 147.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 13.50 | 23.00 | 34.00 | 45.50 | 57.50 | 71.50 | 85.50 | 99.00 | 114.50 | 133.00 | ||
B & O | 15.00 | 25.00 | 37.00 | 49.50 | 63.00 | 78.00 | 93.00 | 108.00 | 125.00 | 145.00 | ||
M | 15.00 | 25.50 | 38.00 | 51.00 | 64.50 | 80.00 | 96.00 | 111.00 | 128.50 | 149.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 17.50 | 27.00 | 38.00 | 49.50 | 61.50 | 75.50 | 89.50 | 102.50 | 118.00 | 136.50 | ||
B & O | 19.00 | 29.00 | 41.50 | 54.00 | 67.00 | 82.00 | 97.50 | 112.00 | 128.80 | 148.50 | ||
M | 19.50 | 30.00 | 42.50 | 55.50 | 69.00 | 84.50 | 100.00 | 115.00 | 132.40 | 153.00 | ||
8. Manufacturing | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 9.50 | 18.00 | 28.00 | 38.50 | 49.50 | 62.00 | 74.50 | 87.00 | 101.00 | 118.00 | ||
B & O | 10.50 | 19.50 | 30.50 | 42.00 | 54.00 | 68.00 | 82.00 | 95.50 | 111.50 | 130.00 | ||
M | 11.00 | 20.50 | 32.00 | 44.00 | 56.50 | 71.00 | 86.00 | 100.00 | 116.50 | 136.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 10.50 | 19.00 | 29.00 | 39.50 | 50.50 | 63.50 | 76.00 | 88.00 | 102.50 | 119.50 | ||
B & O | 11.50 | 21.00 | 32.00 | 43.50 | 55.50 | 69.50 | 83.50 | 97.00 | 112.50 | 131.00 | ||
M | 12.00 | 22.00 | 33.50 | 45.50 | 58.00 | 72.50 | 87.50 | 101.50 | 118.00 | 137.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 12.50 | 21.00 | 31.00 | 41.50 | 52.50 | 65.00 | 78.00 | 90.00 | 104.00 | 121.00 | ||
B & O | 13.50 | 23.00 | 34.00 | 45.50 | 57.50 | 71.50 | 85.50 | 99.00 | 114.50 | 133.00 | ||
M | 14.00 | 24.00 | 35.50 | 47.50 | 60.00 | 74.50 | 89.50 | 103.50 | 119.50 | 139.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 16.00 | 24.50 | 34.50 | 45.50 | 56.00 | 69.00 | 81.50 | 93.50 | 107.50 | 124.50 | ||
B & O | 17.50 | 27.00 | 38.00 | 49.50 | 61.50 | 75.50 | 89.50 | 102.50 | 118.00 | 136.00 | ||
M | 18.50 | 28.00 | 39.50 | 52.00 | 64.50 | 79.00 | 93.50 | 107.50 | 123.50 | 142.50 | ||
9. Mining | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 9.50 | 18.00 | 28.00 | 38.50 | 49.50 | 62.00 | 74.50 | 87.00 | 101.00 | 118.00 | ||
B & O | 10.50 | 19.50 | 30.50 | 42.00 | 54.00 | 68.00 | 82.00 | 95.50 | 111.50 | 130.00 | ||
M | 11.00 | 20.50 | 32.00 | 44.00 | 56.50 | 71.00 | 86.00 | 100.00 | 116.50 | 136.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 84.00 | |
CE | 10.50 | 19.00 | 29.00 | 39.50 | 50.50 | 63.50 | 76.00 | 88.00 | 102.50 | 119.50 | ||
B & O | 11.50 | 21.00 | 32.00 | 43.50 | 55.50 | 69.50 | 83.50 | 97.00 | 112.50 | 131.00 | ||
M | 12.00 | 22.00 | 33.50 | 45.50 | 58.00 | 72.50 | 87.50 | 101.50 | 118.00 | 137.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 12.50 | 21.00 | 31.00 | 41.50 | 52.50 | 65.00 | 78.00 | 90.00 | 104.00 | 121.00 | ||
B & O | 13.50 | 23.00 | 34.00 | 45.50 | 57.50 | 71.50 | 85.50 | 99.00 | 114.50 | 133.00 | ||
M | 14.00 | 24.00 | 35.50 | 47.50 | 60.00 | 74.50 | 89.50 | 103.50 | 119.50 | 139.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 16.00 | 24.50 | 34.50 | 45.50 | 56.00 | 69.00 | 81.50 | 93.50 | 107.50 | 124.50 | ||
B & O | 17.50 | 27.00 | 38.00 | 49.50 | 61.50 | 75.50 | 89.50 | 102.50 | 118.00 | 136.00 | ||
M | 18.50 | 28.00 | 39.50 | 52.00 | 64.50 | 79.00 | 93.50 | 107.50 | 123.50 | 142.50 | ||
10. Transport | Monthly | C | 7.00 | 12.50 | 19.00 | 26.50 | 33.50 | 43.50 | 52.50 | 60.50 | 70.50 | 83.00 |
CE | 10.50 | 19.50 | 30.50 | 42.00 | 54.00 | 68.00 | 82.00 | 95.50 | 111.50 | 130.00 | ||
B & O | 11.00 | 21.50 | 33.00 | 46.00 | 59.00 | 74.50 | 89.50 | 104.50 | 121.50 | 142.00 | ||
M | 11.50 | 22.00 | 34.50 | 48.00 | 61.50 | 77.50 | 93.50 | 109.00 | 127.00 | 148.00 | ||
Quarterly | C | 8.00 | 13.50 | 20.00 | 27.50 | 34.50 | 44.50 | 53.50 | 61.50 | 71.50 | 83.00 | |
CE | 11.50 | 21.00 | 32.00 | 43.50 | 55.50 | 69.50 | 83.50 | 97.00 | 112.50 | 131.00 | ||
B & O | 12.50 | 23.00 | 34.50 | 47.50 | 60.50 | 75.50 | 91.00 | 106.00 | 123.00 | 143.00 | ||
M | 13.00 | 23.50 | 36.00 | 49.50 | 63.00 | 79.00 | 95.00 | 110.50 | 128.50 | 149.00 | ||
Semi-annual | C | 9.00 | 14.50 | 21.50 | 28.50 | 36.00 | 46.00 | 55.00 | 63.00 | 73.00 | 85.50 | |
CE | 13.50 | 23.00 | 34.00 | 45.50 | 57.50 | 71.50 | 85.50 | 99.00 | 114.50 | 133.00 | ||
B & O | 15.00 | 25.00 | 37.00 | 49.50 | 63.00 | 78.00 | 93.00 | 108.00 | 125.00 | 145.00 | ||
M | 15.50 | 26.00 | 38.50 | 51.50 | 65.50 | 81.00 | 97.00 | 112.50 | 130.50 | 151.00 | ||
Annual | C | 11.50 | 17.00 | 24.00 | 31.50 | 38.50 | 49.00 | 57.50 | 66.00 | 75.50 | 88.00 | |
CE | 17.50 | 27.00 | 38.00 | 49.50 | 61.50 | 75.50 | 89.50 | 102.50 | 118.00 | 136.50 | ||
B & O | 19.00 | 29.00 | 41.50 | 54.00 | 67.00 | 82.00 | 97.50 | 112.00 | 129.00 | 148.50 | ||
M | 20.00 | 30.50 | 43.00 | 56.00 | 70.00 | 85.50 | 101.50 | 116.50 | 134.00 | 155.00 | ||
11. Term Financing repaid in FCY | Monthly | C | 6.00 | 10.50 | 16.50 | 23.00 | 29.50 | 37.00 | 44.50 | 51.50 | 66.00 | 77.50 |
CE | 7.50 | 13.50 | 21.50 | 29.50 | 37.50 | 47.50 | 57.00 | 66.00 | 83.00 | 97.50 | ||
B & O | 7.50 | 13.50 | 21.50 | 29.50 | 37.50 | 47.50 | 57.00 | 66.00 | 83.00 | 97.50 | ||
M | 7.50 | 14.00 | 21.50 | 30.00 | 38.50 | 48.50 | 58.00 | 67.50 | 85.00 | 99.50 | ||
Quarterly | C | 6.50 | 11.50 | 17.50 | 23.50 | 30.00 | 38.00 | 45.50 | 52.50 | 67.00 | 78.50 | |
CE | 8.50 | 14.50 | 22.50 | 30.50 | 38.50 | 48.50 | 58.00 | 67.00 | 84.00 | 98.50 | ||
B & O | 8.50 | 14.50 | 22.00 | 30.50 | 38.50 | 48.50 | 58.00 | 67.00 | 84.50 | 98.50 | ||
M | 8.50 | 15.00 | 22.50 | 31.00 | 39.50 | 49.50 | 59.00 | 68.50 | 86.00 | 100.50 | ||
Semi-annual | C | 7.50 | 12.50 | 18.50 | 25.00 | 31.50 | 39.00 | 46.50 | 53.50 | 68.00 | 80.00 | |
CE | 9.50 | 16.00 | 23.50 | 32.00 | 40.00 | 50.00 | 59.50 | 68.50 | 86.00 | 100.00 | ||
B & O | 9.50 | 16.00 | 23.50 | 32.00 | 40.00 | 50.00 | 59.50 | 68.50 | 86.00 | 100.00 | ||
M | 10.00 | 16.50 | 24.00 | 32.50 | 41.00 | 51.00 | 60.50 | 70.00 | 87.50 | 102.00 | ||
Annual | C | 9.50 | 14.50 | 20.50 | 27.00 | 33.50 | 41.50 | 49.00 | 56.00 | 71.00 | 82.50 | |
CE | 12.50 | 18.50 | 26.50 | 35.00 | 43.00 | 53.00 | 89.50 | 102.50 | 89.00 | 136.50 | ||
B & O | 12.50 | 18.50 | 26.50 | 35.00 | 43.00 | 53.00 | 97.50 | 112.90 | 89.00 | 148.50 | ||
M | 12.50 | 19.00 | 27.00 | 35.50 | 44.00 | 54.00 | 100.00 | 115.00 | 90.50 | 153.00 |
1.2 Murabaha Profit Rate for Export Pre-Shipment Financing
Purpose Of Murabah Financing | Mark-up for Pre-shipment facility for Agricultural Export | Mark-up for Pre-shipment facility for Other Exports | |||
Tenure of Financing [Days] | D≤180 | ||||
i) Against Collateral | 8.50 | 9.00 | |||
ii) Against ECG of DBE | 8.50 | 9.00 | |||
iii) Clean Basis [Against SC & LC] | SC | LC | SC | LC | |
a) For Cooperative Unions | 9.00 | 8.50 | NA | NA | |
b) For Customers other than Unions | 9.00 | 9.00 | 9.50 | 9.00 | |
Murabaha Export Post-shipment Financing: | 9.00 |
1.3 Profit Rate for Sharik Tijarah Working Capital Financing
Purpose of Sharik Tijarah Financing | Tenure of Financing [Days] | IFB Mark-up % [profit rate] |
Working Capital Financing | ≤180 Days | 6.00% |
2 Proposed Murabaha Profit Rate for Consumer Financing
2.1 Murbabaha Consumer Financing for Employed & Self-employed Individuals: Mortgage & Automobile Financing
Particulars | Financing Tenure in Years | ||||||||||||||
15 | 14 | 13 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 5 | 4 | 3 | 2 | 1 | |
Saving Period | ≥ 12 months | ||||||||||||||
Equity Contribution[%] | C ≥ 70% | ||||||||||||||
Total Mark-up % [profit rate] | 119.00 | 110.00 | 101.00 | 92.00 | 83.50 | 75.00 | 67.00 | 59.00 | 51.50 | 44.00 | 36.50 | 29.50 | 22.50 | 16.00 | 9.50 |
Installment | Monthly |
2.2 Murabaha Consumer Financing for Employed & Self-employed Individuals: Purchase of Household Items.
Financing Tenure in Years | ||||||
Particulars | 5 | 4 | 3 | 2 | 1 | |
Saving Period | ≥ 6 months | |||||
Equity Contribution | NA | |||||
Total Mark-up % [profit rate] | 52.50 | 41.00 | 30.50 | 20.00 | 11.00 | |
Installment | Monthly | |||||
2.3 Murabaha Consumer Financing for International Remittance Senders, Receivers, and Sellers of Hard Currency in Cash
|
||||||||||||||||||||||||||||||||
IFB profit rate [%] under varied Tenure of financing tenures in years | ||||||||||||||||||||||||||||||||
A. Equity Contribution & Repayment in FCY | ||||||||||||||||||||||||||||||||
Contribution | Financing Tenure in Years | |||||||||||||||||||||||||||||||
20 | 19 | 18 | 17 | 16 | 15 | 14 | 13 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 5 | 4 | 3 | 2 | 1 | |||||||||||||
C = 30% | 134.50 | 126.50 | 119.00 | 111.50 | 104.00 | 96.50 | 89.00 | 82.00 | 75.00 | 68.50 | 61.50 | 55.00 | 48.50 | 42.50 | 36.50 | 30.50 | 24.50 | 19.00 | 14.00 | 8.50 | ||||||||||||
30%<C≤50% | 119.00 | 112.00 | 105.50 | 98.50 | 92.00 | 85.50 | 79.00 | 73.00 | 67.00 | 61.00 | 55.00 | 49.50 | 43.50 | 38.00 | 33.00 | 27.50 | 22.50 | 17.50 | 12.50 | 8.00 | ||||||||||||
50%<C≤70% | 111.50 | 105.00 | 98.50 | 92.50 | 86.50 | 80.50 | 74.50 | 68.50 | 63.00 | 57.50 | 52.00 | 46.50 | 41.00 | 36.00 | 31.00 | 26.00 | 21.50 | 16.50 | 12.00 | 7.50 | ||||||||||||
C > 70% | 104.00 | 98.00 | 92.00 | 86.00 | 80.50 | 75.00 | 69.50 | 64.00 | 59.00 | 53.50 | 48.50 | 43.50 | 38.50 | 34.00 | 29.00 | 24.50 | 20.00 | 16.00 | 11.50 | 7.50 | ||||||||||||
B. Equity contribution in FCY and repayment in LCY | ||||||||||||||||||||||||||||||||
C = 30% | 167.50 | 157.50 | 147.50 | 138.00 | 128.50 | 119.00 | 110.00 | 101.00 | 92.00 | 83.50 | 75.00 | 67.00 | 59.00 | 51.50 | 44.00 | 36.50 | 29.50 | 22.50 | 16.00 | 9.50 | ||||||||||||
30%<C≤50% | 151.00 | 142.00 | 133.00 | 124.50 | 116.00 | 107.50 | 99.50 | 91.50 | 83.50 | 76.00 | 68.50 | 61.00 | 54.00 | 47.00 | 40.00 | 33.50 | 27.00 | 21.00 | 15.00 | 9.00 | ||||||||||||
50%<C≤70% | 142.50 | 134.00 | 126.00 | 118.00 | 110.00 | 102.00 | 94.50 | 86.50 | 79.50 | 72.00 | 65.00 | 58.00 | 51.00 | 44.50 | 38.00 | 32.00 | 26.00 | 20.00 | 14.50 | 9.00 | ||||||||||||
C > 70% | 134.50 | 126.50 | 119.00 | 111.50 | 104.00 | 96.50 | 89.00 | 82.00 | 75.00 | 68.50 | 61.50 | 55.00 | 48.50 | 42.50 | 36.50 | 30.50 | 24.50 | 19.00 | 14.00 | 8.50 |
2.4 Murabaha Consumer Financing for FCY Earning Employees Whose Employer or Organization or Employees’ Association/ Labour Union Have Banking Relationship with Dashen Bank
Tenure | Financing Tenure in Years | |||||||||||||
25 | 24 | 23 | 22 | 21 | 20 | 19 | 18 | 17 | 16 | 15 | 14 | 13 | ||
Profit rate | 112.5 | 107 | 101.5 | 96.5 | 91.5 | 86.5 | 81.5 | 76.5 | 71.5 | 67 | 62 | 57.5 | 53 | |
Tenure | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 5 | 4 | 3 | 2 | 1 | ||
Profit rate | 48.5 | 44 | 39.5 | 35.5 | 31 | 27 | 23 | 19 | 15 | 11.5 | 7.5 | 4 | ||
Purpose of financing | Equity Contribution | Tenure [years] | ||||||||||||
Mortgage finance | 0 | 20 | ||||||||||||
Brand new automobile | C ≥5% | 12 | ||||||||||||
Used Automobile | C ≥5% | 8 | ||||||||||||
Household Items | 0 | 7 | ||||||||||||
Instalment | Monthly |
Trade Service Terms and Tariffs
Approved Trade Finance Terms & Tariffs
S/N | Products/Services | Fee Basis & Currency | Approved Rates | ||
Sources of Transactions | |||||
LCY | Diaspora & Exporters’ Retention Account | NR – FCY A/C of FDI | |||
1 | Import Letter of Credit-Sight & Acceptance | ||||
1.1 | LC Opening, Extension, Amendment, Cancellation and Excess Drawing | ||||
1.1.1 | LC Opening(For each 90 days) | ||||
1.1.1.1 | Exchange Payable to NBE | Rate | 2.50% | N/A | N/A |
Min [ETB] | 10 | N/A | N/A | ||
1.1.1.2 | Opening Commission | Rate | 4.00% | 3.00% | 2.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.1.3 | Service Charge | Rate | 4.5% | 3.00% | 2.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.1.4 | Confirmation Commission ( against cash collateral , against credit line) | Rate | 4.00% | 3.25% | 2.25% |
Min [USD] | 250 | 250 | 250 | ||
1.1.1.5 | Commitment fee on margin held-LC import (90 days) | Rate | 4.00% | 3.25% | 2.25% |
Min [USD] | 250 | 250 | 250 | ||
1.1.1.6 | SWIFT Charge | Flat [USD] | 50 | 50 | 50 |
1.1.1.7 | Photocopy/fax charge per page [if applicable] | Flat [ETB] | 25 | 25 | 25 |
1.1.1.8 | Tracer-Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
1.1.2 | LC Extension (For each 90 days) | ||||
1.1.2.1 | Extension Commission | Rate | 4.75% | 3.00% | 2.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.2.2 | Service Charge | Rate | 6.00% | 3.00% | 2.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.2.3 | Confirmation Commission ( against cash collateral , against credit line) | Rate | 4.00% | 3.25% | 2.25% |
Min [USD] | 250 | 250 | 250 | ||
1.1.2.4 | Extension Commission before expiry | Rate | N/A | N/A | N/A |
Min [USD] | N/A | N/A | N/A | ||
1.1.2.5 | Service Charge after expiry | Rate | N/A | N/A | N/A |
Min [USD] | N/A | N/A | N/A | ||
1.1.2.6 | SWIFT Charge [if applicable] | Flat [USD] | 50 | 50 | 50 |
1.1.2.6 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
1.1.2.7 | Tracer-Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
1.1.3 | LC Amendment | ||||
1.1.3.1 | Increase in LC (For each 90 days) | ||||
1.1.3.1.1 | Exchange Payable to NBE | Rate | 2.50% | N/A | N/A |
Flat [ETB] | 10 | N/A | N/A | ||
1.1.3.1.2 | Opening Commission | Rate | 6.50% | 4.00% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.3.1.3 | Service Charge | Rate | 7.50% | 4.00% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.3.1.4 | Confirmation Commission [if applicable] | Rate | 4.00% | 3.25% | 2.25% |
Min [USD] | 250 | 250 | 250 | ||
1.1.3.1.5 | Amendment Charge | Flat [USD] | 150 | 150 | 150 |
1.1.3.1.6 | SWIFT Charge [if applicable] | Flat [USD] | 50 | 50 | 50 |
1.1.3.1.7 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
1.1.3.1.8 | Tracer-Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
1.1.3.2 | Decrease in LC(For each 90 days) | ||||
1.1.3.2.1 | SWIFT Charge | Flat [USD] | 50 | 50 | 50 |
1.1.3.2.2 | Amendment Charge | Flat [USD] | 150 | 150 | 150 |
1.1.3.2.3 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
1.1.3.2.4 | Tracer-Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
1.1.3.2.5 | Shipment made before issuance of LC(After getting approval) | Flat [USD] | 200 | 200 | 200 |
1.1.4 | LC Cancellation (For each 90 days) | ||||
1.1.4.1 | Full LC Cancellation Commission | Flat [USD] | 200 | 200 | 200 |
1.1.4.2 | Partial LC Cancellation Commission excluding automatic cancellation due to unit price and freight reduction | Flat [USD] | 150 | 150 | 150 |
1.1.5 | LC Excess drawing (On the overdrawn value) | ||||
1.1.5.1 | Exchange Payable to NBE | Rate | 2.50% | N/A | N/A |
Flat [ETB] | 10 | N/A | N/A | ||
1.1.5.2 | Opening Commission | Rate | 6.50% | 4.00% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.5.3 | Service Charge | Rate | 7.50% | 4.00% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
1.1.5.4 | SWIFT[if applicable] | Flat [USD] | 50 | 50 | 50 |
1.1.5.5 | Photocopy/fax charge [if applicable] | Flat ETB] | 25 | 25 | 25 |
1.1.5.6 | Tracer-Domestic & International [if applicable] | Flat ETB] | 400 | 400 | 400 |
1.2 | Other Letter of Credit Charges & Commissions | ||||
1.2.1 | Handling charges for processing shipping documents under expired LCs and beyond 90 days from date of issue | ||||
1.2.1.1 | Handling Charges within 10 days | Rate | Free | Free | Free |
Min [USD] | Free | Free | Free | ||
1.2.1.2 | Handling Charges between 11-30 days | Rate | 5.50% | 4.50% | 3.50% |
Min [USD] | 250 | 250 | 250 | ||
1.2.1.3 | Handling Charges greater than 30 days | Rate | 6.50% | 5.50% | 4.50% |
Min [USD] | 250 | 250 | 250 | ||
1.2.1.4 | Confirmation Commission ( against cash collateral , against credit line) | Rate | 4.00% | 3.25% | 2.25% |
Min [USD] | 250 | 250 | 250 | ||
1.2.1.5 | SWIFT Charge | Flat [USD] | 50 | 50 | 50 |
1.2.1.6 | Discrepancy Fee [Deducted from the Beneficiary] | Flat [USD] | 200 | 200 | 200 |
1.2.1.7 | Extra copy of import documents charge (photo copy) per presentation | Flat [USD] | 30 | 30 | 30 |
1.2.1.8 | Letter of credit re-opening service charge | Flat [USD] | 150 | 150 | 150 |
1.2.1.9 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
1.2.1.10 | Tracer- Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
2 | Inward Bills Collections/Cash Against Documents-Sight & Acceptance Commission | ||||
2.1. | Up on purchase order [PO] approval (For each 90 days) | ||||
2.1.1 | Commission | Rate | 9.75% | 5.00% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
2.2. | Up on Purchase Order [PO] Extension, Amendment and Cancellation | ||||
2.2.1 | Purchase Order Extension (For each 90 days) | ||||
2.2.1.1
|
Commission for extension of validity date of PO or if document is presented after PO expiration and beyond 90-days | Rate | 9.75% | 5.00% | 3.00% |
Min [ETB] | 250 | 250 | 250 | ||
2.2.1.2
|
Commission for extension of validity date of PO or if document is presented before PO expiration and beyond 90-days | Rate | 9.25% | 4.25% | 2.25% |
Min [USD] | 250 | 250 | 250 | ||
2.2.2 | Purchase Order Amendment(For each 90 days) | ||||
2.2.2.1 | Amendment commission | Flat [USD] | 150 | 150 | 150 |
2.2.2.2 | Amendment of PO for increase of PO approved value within expiry (handling charge on increased value) | ||||
Commission | Rate | 5.50% | 3.50% | 2.50% | |
Handling Charge | Flat [USD] | 200 | 200 | 200 | |
2.2.2.3 | Amendment of PO for increase of PO approved value after expiry (handling charge on increased value) | ||||
Commission | Rate | 6.50% | 4.00% | 3.00% | |
Handling Charge | Flat [USD] | 200 | 200 | 200 | |
2.2.2.4 | Additional service charge (if PO) approved at margin | Rate | 4.00% | 3.25% | 2.25% |
Flat [USD] | 250 | 250 | 250 | ||
2.2.3 | Upon presentation of final document(For each 90 days) | ||||
2.2.3.1 | Exchange Payable to NBE | Rate | 2.50% | N/A | N/A |
Min [ETB] | 10 | N/A | N/A | ||
2.2.3.2 | Swift Charge | Flat [USD] | 50 | 50 | 50 |
2.2.3.3 | Photocopy/fax charge | Flat [ETB] | 25 | 25 | 25 |
2.2.3.4 | Tracer – Domestic & International | Flat [ETB] | 400 | 400 | 400 |
2.2.3.5 | Commission on IBC-Sight | Flat | Free | Free | Free |
2.2.3.6 | Commission on IBC- Acceptance if settled on due date | Flat | Free | Free | Free |
2.2.3.7 | Commission on IBC- Acceptance if settled after maturity date | Flat [USD] | 150 | 150 | 150 |
2.2.4 | Purchase Order Cancellation | ||||
2.2.4.1 | Up on full cancellation of PO | Flat [ETB] | 150 | 150 | 150 |
2.2.5 | PO Excess drawing (On the overdrawn value) (For each 90 days) | ||||
2.2.5.1 | Exchange Payable to NBE | Rate | 2.5% | NA | NA |
Min [ETB] | 10 | NA | NA | ||
2.2.5.2 | Service Charge | Rate | 13.00% | 7.00% | 5.00% |
Min [USD] | 250 | 250 | 250 | ||
2.2.6 | Handling charge of documents arrived after expiry date of PO (For each 90 days) | ||||
2.2.6.1 | Handling Charges within 10 days | Rate | Free | Free | Free |
Min [USD] | Free | Free | Free | ||
2.2.6.2 | Handling Charges between 11-30days | Rate | 6.00% | 4.50% | 2.50% |
Min [USD] | 250 | 250 | 250 | ||
2.2.6.3 | Handling Charges greater than 30days | Rate | 7.00% | 5.50% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
2.2.6.4 | Confirmation Commission ( against cash collateral , against credit line) | Rate | 4.00% | 3.25% | 2.00% |
Min [USD] | 250 | 250 | 250 | ||
2.2.6.5 | SWIFT Charge | Flat [USD] | 50 | 50 | 50 |
2.2.6.6 | Discrepancy Fee [Deducted from the Beneficiary] | Flat [USD] | 200 | 200 | 200 |
2.2.6.7 | Extra copy of import documents charge (photo copy) per presentation [if applicable] | Flat [USD] | 30 | 30 | 30 |
2.2.6.8 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
2.2.6.9 | Tracer- Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
2.2.7 | Shipment made prior to approval of PO | ||||
2.2.7.1 | Shipment made within 10 days | Rate | 9.50% | 4.50% | 2.50% |
Min [USD] | 250 | 250 | 250 | ||
2.2.7.2 | Shipment made after 10 days | Rate | 10.50% | 5.50% | 3.00% |
Min [USD] | 250 | 250 | 250 | ||
2.2.8 | Partial shipment charge | ||||
2.2.8.1 | 1st partial shipment | Rate | Free | Free | Free |
Min [USD] | Free | Free | Free | ||
2.2.8.2 | 2nd partial shipment | Rate | 2.50% | 2.50% | 1.50% |
Min [USD] | 250 | 250 | 250 | ||
2.2.8.3 | 3rd partial shipment | Rate | 3.50% | 3.50% | 2.00% |
Min [USD] | 250 | 250 | 250 | ||
2.2.8.4 | 4th partial shipment and above | Rate | 4.50% | 4.50% | 2.50% |
Min [USD] | 250 | 250 | 225 | ||
3 | Unpaid Items | ||||
3.1 | Unpaid shipping documents held in safe custody/trust(For each 90 days) | ||||
3.1.1 | Acceptance documents aging over 30 days -Custody Charge | Rate | 0.50% | 0.50% | 0.25% |
Min [USD] | 100 | 100 | 100 | ||
3.1.2 | Sight documents aging over 30 days -Custody Charge | Rate | 0.50% | 0.50% | 0.25% |
Min [USD] | 150 | 150 | 150 | ||
3.1.3 | Delivery of documents free of charge – Handling Commission (if applicable) | Min [USD] | 100 | 100 | 100 |
3.1.4 | SWIFT Charge [if applicable] | Flat [USD] | 50 | 50 | 50 |
3.1.5 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
3.1.6 | Tracer – Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
3.1.7 | Protest Charge | Flat /Rate | Per Cost | Per Cost | Per Cost |
3.1.8 | Courier Charge | Flat [USD] | 200 | 200 | 200 |
3.2 | Unpaid Items Returned(For each 90 days) | ||||
3.2.1 | Service charge on returned shipping document | Flat [USD] | 150 | 150 | 150 |
3.2.2 | Insurance Cover | Flat/Rate | As per insurance bill/receipt | ||
3.2.3 | Legal Fee | Flat/Rate | As per insurance bill/receipt | ||
3.2.4 | SWIFT Charge [if applicable] | Flat [USD] | 50 | 50 | 50 |
3.2.5 | Photocopy/fax charge [if applicable] | Flat [ETB] | 25 | 25 | 25 |
3.2.6 | Tracer- Domestic & International [if applicable] | Flat [ETB] | 400 | 400 | 400 |
3.2.7 | IBC / CAD documents examination fee | Flat [USD] | 150 | 150 | 150 |
3.2.8 | Courier Charge | Flat/Rate | Per cost | Per cost | Per cost |
3.2.9 | Protest Charge | Flat [USD] | 200 | 200 | 200 |
4 | Export | ||||
4.1 | Export LC(For each 90 days) | ||||
4.1.1 | Advising & swift authentication cost for Dashen Bank | Flat [ETB] | Free | Free | Free |
4.1.2 | Advising & swift authentication cost for other banks | Flat [ETB] | 1500 | 1500 | 1500 |
4.1.3 | Extension Service Charge for Dashen Bank | Flat [ETB] | Free | Free | Free |
4.1.4 | Extension Service Charge or other banks | Flat [ETB] | 1000 | 1000 | 1000 |
4.1.5 | Amendment Service Charge for Dashen Bank | Flat [ETB] | Free | Free | Free |
4.1.6 | Amendment Service Charge for other banks | Flat [ETB] | 1000 | 1000 | 1000 |
4.1.7 | Cancellation or if not utilized upon LC expiration | Flat [ETB] | 1500 | 1500 | 1500 |
4.1.8 | Confirmation Commission | Rate | 0.50% | 0.50% | 0.25% |
Min [USD] | 125 | 125 | 125 | ||
4.2 | For Export LC- Negotiation [ODBP](For each 90 days) | ||||
4.2.1 | Exchange Payable to NBE | Rate | Free | Free | Free |
Min [USD] | Free | Free | Free | ||
4.2.2 | Negotiation Charge | Min | Free | Free | Free |
4.2.3 | Photocopy/fax charge [when applicable] | Flat | 25 | 25 | 25 |
4.2.4 | Tracer-Domestic & International [when applicable] | Flat [ETB] | 400 | 400 | 400 |
4.2.5 | Negotiation on non-complying presentation in line with the policy & procedures of the Bank | Flat [USD] | 100 | 100 | 100 |
4.2.6 | Interest on advance on export bills-unpaid ODBP exceeding 30 days after credit entry | As per the bank’s OD interest rate | |||
4.3 | Letter of Credit and Documentary Collections (ODBC) For each 90 days | ||||
4.3.1 | Exchange Payable to NBE | Rate | Free | Free | Free |
Min | Free | Free | Free | ||
4.3.2 | Document examination fee | Flat [USD] | 100 | 100 | 75 |
4.3.3 | Swift Charge [USD] | Flat [USD] | 50 | 50 | 50 |
4.3.4 | Postage/Courier | Flat/Rate | Per Cost | Per Cost | Per Cost |
4.3.5 | Photocopy/fax charge [when applicable] | Flat [ETB] | 25 | 25 | 25 |
4.3.6 | Tracer-Domestic & International [when applicable] | Flat [ETB] | 400 | 400 | 400 |
5 | Freight | ||||
5.1 | Freight Collection-LC/(For each 90 days) | ||||
5.1.1 | Service Charge | Rate | 12.00% | 10.00% | 9.00% |
Min [USD] | 250 | 250 | 250 | ||
5.1.2 | For inland freight /Local Freight | Rate | NA | NA | NA |
Min [ETB] | 2000 | 2000 | 2000 | ||
5.2 | For Freight Collection-IBC & Franco Valuta (For each 90 days) | ||||
5.2.1 | Commission On IBC | Rate | 12.00% | 10.00% | 9.00% |
Min [USD] | 250 | 250 | 250 | ||
5.2.2 | For inland freight /Local Freight | Rate | NA | NA | NA |
Min [ETB] | 2000 | 2000 | 2000 | ||
5.3 | For Freight Collection -TT (For each 90 days) | ||||
5.3.1 | Commission on DD/TT | Rate | 12.00% | 10.00% | 9.00% |
Min [USD] | 250 | 250 | 250 | ||
5.3.2 | For inland freight /Local Freight | Rate | NA | NA | NA |
Min [ETB] | 2000 | 2000 | 2000 | ||
6 | Postage/Courier | ||||
6.1. | Postage | ||||
6.1.1 | Normal | Flat /Rate | Per Cost | Per Cost | Per Cost |
6.1.2 | Registered | ||||
6.1.2.1 | Zone 1 [Africa] | Flat/Rate | Per Cost | Per Cost | Per Cost |
6.1.2.2 | Zone 2 [Europe/Asia] | Flat /Rate | Per Cost | Per Cost | Per Cost |
6.1.2.3 | Zone 3 [America] | Flat /Rate | Per Cost | Per Cost | Per Cost |
6.2 | Courier Service | ||||
6.2.1 | International | Flat /Rate | Per Cost | Per Cost | Per Cost |
6.2.2 | Domestic | Flat /Rate | Per Cost | Per Cost | Per Cost |
7 |
Swift Authentication Cost and Others |
||||
7.1 | Swift charge for full LC text (Advising) | Flat [USD] | 75 | 75 | 75 |
7.2 | Swift authentication received for financial institutions and others in favour of other banks’ customers | Flat [USD] | 75 | 75 | 75 |
7.3 | Swift authentication received through other banks in favor of our customer | Flat /Rate | Per debit Advice | ||
7.4 | Swift charge for statement upon applicant’s request | Flat [ETB] | 300 | 300 | 300 |
7.5 | Statement to be sent by Fax | Flat [USD] | 75 | 75 | 75 |
7.6 | Statement to be sent by Mail | Flat [USD] | 35 | 35 | 35 |
7.7 | Swift charge for amendment/reimbursement/ clarification/fund transfer/cancellation/ acknowledgment and any communication made on applicant’s request | Flat [ETB] | 1500 | 1500 | 1500 |
7.8 | Swift charge for FX trading partners/IMTO | Flat | Free | Free | Free |
7.9 | Presenting bank charges, i.e., document presentation to other local banks | Flat [USD] | 75 | 75 | 75 |
7.10 | Duplication of advices, document and messages< 1 year [per ticket] | Flat [ETB] | 100 | 100 | 100 |
7.11 | Duplication of advices, document and messages more than 1 year [per ticket] | Flat [ETB] | 250 | 250 | 250 |
7.12 | Foreign guarantee commission (Shipping Guarantee and Delivery Order against 110% deposit) for documents from LCY account & 100 % for documents from FCY denominated accounts per transport document [per Annul] | Flat [USD] | 200 | 200 | 200 |
7.13 | Foreign guarantee commission (Indemnity letter) against undertaking letter per transport document [per Annum] | Flat [USD] | 125 | 125 | 125 |
7.14 | Issuing confirmation letter | Flat [ETB] | 750 | 750 | 750 |
7.15 | Import permit extension and/or amendment | Flat [ETB] | 2500 | 2500 | 2500 |
7.16 | Import/Export permit splitting | Flat [ETB] | 2500 | 2500 | 2500 |
7.17 | Small Items Export-Others | Flat [USD] | 175 | 175 | 175 |
7.18 | Small Item for Sample Export permit approval | Flat [USD] | Free | Free | Free |
7.19 | Issuance of Duplicate Permit | Flat [USD] | 75 | 75 | 75 |
7.20 | Photocopy/fax charge [Shipment document/permit/PI, etc.] | Flat [ETB] | 25 | 25 | 25 |
7.21 | Tracer- Domestic & International | Flat [ETB] | 400 | 400 | 400 |
7.22 | Issuing not-for-payment import permit | Flat [ETB] | 2500 | 2500 | 2500 |
7.22 | All Foreign exchange application form except export application form [per pad] | Flat [ETB] | 100 | 100 | 100 |
7.23 | Change of method of payment | Flat [USD] | 255 | 150 | 150 |
7.24 | Supplier’s Credit Handling Charges | Rate | 2.50% | 2.25% | 2.00% |
Min [USD] | NA | NA | NA | ||
7.25 | IBC Document Directly received from supplier’s ( as % of invoice value ) | Rate | 2.50% | 2.25% | 2.00% |
Min [USD] | 200 | 200 | 200 | ||
7.26 | Discounting acceptance/Deferred payment | Flat/Rate | By special arrangement & determined by executive management | ||
7.27 | Correspondent bank charges | Flat/Rate | As per insurance bill- receipt | ||
7.28 | Advance of Cheque purchased if reimbursement delayed from more than 30 days | Flat/Rate | As per the bank’s OD interest rate | ||
7.29 | If currency other than bank’s listed NOSTOR accounts up on debit of the equivalent NOSTRO currency | Flat/Rate | Exchange rate difference collected or credited from/to the applicant using the exchange rate of debit value date. | ||
8 |
Foreign Letter of Guarantee [Bid, Performance, Advance Payment, Payment, Retention, Stand-by and others as agreed] |
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8.1 | Incoming Foreign Guarantee | ||||
8.1.1 | Indirect Incoming Foreign Guarantee | ||||
8.1.1.1 | Commission on Foreign Guarantees Issued with Counter Guarantees of Correspondent Banks Seeking Guarantee of DB (for each 90 days) | ||||
8.1.1.1.1 | Amount Range | ||||
i | Up to USD 50,000 | Rate | 0.70% | 0.70% | 0.70% |
Min [USD] | 50 | 50 | 50 | ||
ii | From USD 50,001 – USD 500,000 | Rate | 0.60% | 0.60% | 0.60% |
Min [USD] | 360 | 360 | 360 | ||
iii | From USD 500,001 – USD 100,000,000 | Rate | 0.45% | 0.45% | 0.45% |
Min [USD] | 2475 | 2475 | 2475 | ||
iv | >USD 100,000,001 | Rate | 0.35% | 0.35% | 0.35% |
Min [USD] | 3600 | 3600 | 3600 | ||
8.1.1.2 | Extension & Amendment Charges | ||||
8.1.1.2.1 | Increase in amount (for each 90 days) | ||||
i | Up to USD 50,000.00 | Rate | 0.70% | 0.70% | 0.70% |
Min [USD] | 50 | 50 | 50 | ||
ii | From USD 50,001-USD 500,000 | Rate | 0.60% | 0.60% | 0.60% |
Min [USD] | 360 | 360 | 360 | ||
iii | From USD 500,001-USD 100,000,000 | Rate | 0.45% | 0.45% | 0.45% |
Min [USD] | 2475 | 2475 | 2475 | ||
iv | > USD 100,000,001 | Rate | 0.35% | 0.35% | 0.35% |
Min [USD] | 3600 | 3600 | 3600 | ||
8.1.1.2.2 | Extension of issued guarantee (for each 90 days) | ||||
i | Up to USD 50,000 | Rate | 0.70% | 0.70% | 0.70% |
Min [USD] | 50 | 50 | 50 | ||
ii | From USD 50,000 – USD 500,000 | Rate | 0.60% | 0.60% | 0.60% |
Min [USD] | 360 | 360 | 360 | ||
iii | From USD 500,001 – USD 1,000,000 | Rate | 0.45% | 0.45% | 0.45% |
Min [USD] | 2475 | 2475 | 2475 | ||
iv | G>USD 100,000,001 | Rate | 0.35% | 0.35% | 0.35% |
Min [USD] | 3600 | 3600 | 3600 | ||
8.1.1.3 | Other Amendments | Flat [USD] | 50 | 50 | 50 |
8.1.1.4 | Cancellation of issued guarantee | Flat [USD] | 200 | 200 | 200 |
8.1.1.5 | SWIFT Charge | Flat [USD] | 35 | 35 | 35 |
8.1.2 | Foreign bank Guarantee under Documentary Collection | ||||
8.1.2.1 | Guarantee for presentation of B/I (3 months thereof +120% face value deposit ) | Rate | 1.00% | 1.00% | 1.00% |
Min [ETB] | 1000 | 1000 | 1000 | ||
8.1.2.2 | Acceptance Guarantee(draft of foreign suppliers) | Rate | 1.25% | 1.25% | 1.25% |
Min [ETB] | 1000 | 1000 | 1000 | ||
8.1.2.3 | Short term guarantee (less than 12 months) | Rate | 1.00% | 1.00% | 1.00% |
Min [ETB] | 1000 | 1000 | 1000 | ||
8.1.3 | Direct Incoming Foreign Guarantee Commission | ||||
8.1.3.1 | Advising Commission | Flat [USD] | 40 | 40 | 40 |
8.1.3.2 | Extension Commission | Flat [USD] | 40 | 40 | 40 |
8.1.3.3 | Amendment only | Flat [USD] | 40 | 40 | 40 |
8.1.3.4 | Swift Charge | Flat [USD] | 40 | 40 | 40 |
8.1.4 | Commission on indirect foreign bid bond or performance bond at the request of local agent | ||||
i | Against 100% cash deposit | Rate | 0.85% | 0.85% | 0.85% |
Min [USD] | 150 | 150 | 150 | ||
ii | Against other collateral | Rate | 1.00% | 1.00% | 1.00% |
Min [USD] | 150 | 150 | 150 | ||
8.2 | Outgoing Foreign Guarantee | ||||
8.2.1 | Outgoing Foreign Guarantee at the Request of Local Customer [by special arrangement] | ||||
8.2.1.1 | Against 100% Cash Collateral [For 90 days] | ||||
8.2.1.1.1 | Up to One year | Rate | 0.70% | 0.70% | 0.70% |
Min [USD] | 150 | 150 | 150 | ||
8.2.1.1.2 | More than One year | Rate | 1.20% | 1.20% | 1.20% |
Min [USD] | 150 | 150 | 150 | ||
8.2.1.2 | With Collateral other than cash | ||||
8.2.1.2.1 | Maturity up to one year [For each 90 days] | ||||
i | Tangible Collateral accepted by the Bank | Rate | 1.00% | 1.00% | 1.00% |
Min [USD] | 200 | 200 | 200 | ||
ii | Clean or Personal Guarantee | Rate | 1.75% | 1.75% | 1.75% |
Min [USD] | 200 | 200 | 200 | ||
iii | Mixed collateral [tangible collateral, clean base and/or personal guarantee] | Rate |
The rate specified for the riskiest collateral of the mix
|
||
Min [USD] | 100 | 100 | 100 | ||
8.2.1.2.2 | Maturity More than 1 year | ||||
i | Tangible Collateral accepted by the Bank | Rate | 1.25% | 1.25% | 1.25% |
Min [USD] | 100 | 100 | 100 | ||
ii | Clean or Personal Guarantee | Rate | 2.25% | 2.25% | 2.25% |
Min [USD] | 100 | 100 | 100 | ||
iii | Mix of tangible collateral, clean base and/or personal guarantee | Rate | The rate specified for the riskiest collateral of the mix | ||
Min [USD] | 100 | 100 | 100 | ||
8.2.1.2.3 | Extension Charge | Flat [USD] | 40 | 40 | 40 |
8.2.1.2.4 | Amendment Charge | Flat [USD] | 40 | 40 | 40 |
8.2.1.2.5 | Swift Charge | Flat [USD] | 40 | 40 | 40 |
9 |
Foreign Fund Transfer |
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9.1 | For Incoming Foreign fund Transfer | ||||
9.1.1 | Exchange Payable to NBE | Rate | Nil | Nil | Nil |
Min [ETB] | Nil | Nil | Nil | ||
9.1.2 | Service Charge | Flat [ETB] | Nil | Nil | Nil |
9.2 | Retransfer of Incoming Fund Transfer in FCY | ||||
9.2.1 | Service Charge | ||||
9.2.1.1 | Below 100 USD | Flat [USD] | Free | Free | Free |
9.2.1.2 | From USD 101 to USD 10,000 | Flat [USD] | 50 | 50 | 50 |
9.2.1.3 | From USD 10,001- USD 50,000 | Flat [USD] | 75 | 75 | 75 |
9.2.1.4 | From USD 50,001- USD 200,000 | Flat [USD] | 75 | 75 | 75 |
9.2.1.5 | From USD 200,001- USD 500,000 | Flat [USD] | 75 | 75 | 75 |
9.2.1.6 | Greater than 500,000 | Flat [USD] | 75 | 75 | 75 |
9.2.1.7 | SWIFT Charge [USD] | Flat [USD] | 60 | 60 | 60 |
9.2.1.8 | Service charge for transfer of previously remitted amount via FX dealings | Flat [USD] | 50 | 50 | 50 |
9.2.3 | Investigation Cost/Inquiry | ||||
9.2.3.1 | Request by the overseas bank | Flat [USD] | 50 | 50 | 50 |
9.2.3.2 | Request by the customer | Flat [ETB] | 300 | 300 | 300 |
9.3 | For Outgoing Foreign Fund Transfer [SWIFT/Draft/Check] | ||||
9.3.1. | For Customers [Advance Payment – TT) | ||||
9.3.1.1 | Exchange Payable to NBE [for both Invisible and Visible] | Rate | 2.50% | N/A | N/A |
Min [ETB] | 10 | N/A | N/A | ||
9.3.1.2 | Service Charge for Import | Rate | 11.00% | 5.00% | 4.75% |
Min [USD] | 250 | 250 | 250 | ||
9.3.1.3 | Service charge for invisible/other service payments except education and medical expense | Rate | 12.00% | 5.00% | 4.75% |
Min [USD] | 250 | 250 | 250 | ||
9.3.1.4 | Service charge for education and medical expense | Rate | 9.50% | 4.25% | 4.00% |
Min [USD] | 200 | 200 | 200 | ||
9.3.1.5 | Amendment Charge | Flat [USD] | 75 | 75 | 75 |
9.3.1.6 | Replacement or Cancellation Charge | Flat [USD] | 50 | 50 | 50 |
9.3.1.7 | Swift Charge | Flat [USD] | 50 | 50 | 50 |
9.3.1.8 | Cost of Draft/Check per unit cost | Flat/Rate | As per Bill/Receipt/Debit confirmation | ||
9.3.1.9 | Correspondent Bank Charges/Handling Commission | Flat/Rate | As per Bill/Receipt/ Debit confirmation | ||
9.3.2 | For Staff Members | ||||
9.3.2.1 | Exchange Payable to NBE | Rate | 2.50% | N/A | N/A |
Min [ETB] | 10 | N/A | N/A | ||
9.3.2.2 | Service charge for education and medical expense | Rate | 5.00% | N/A | N/A |
Min [ETB] | 750 | N/A | N/A | ||
9.3.2.3 | Amendment Charge | Min [ETB] | 1500 | N/A | N/A |
9.3.2.4 | Replacement or Cancellation Charge | Min [ETB] | 500 | N/A | N/A |
9.3.2.5 | Swift Charge | Min [ETB] | 1500 | N/A | N/A |
9.3.2.6 | Correspondent Bank Charges/Handling Commission | Flat/Rate | Per Bill/Receipt/Debit confirmation | ||
10 |
Cost of NR-FCY, NRT, NRNT Check books and Other Charges |
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10.1 | Service Charge for Check book Issued | ||||
10.1.1 | USD | ||||
10 Leaves | Flat [USD] | N/A | 6 | 6 | |
25 Leaves | Flat [USD] | N/A | 10 | 10 | |
50 Leaves | Flat [USD] | N/A | 16 | 16 | |
10.1.2 | EURO | ||||
10 Leaves | Flat [EUR] | N/A | 5 | 5 | |
25 Leaves | Flat [EUR] | N/A | 8 | 8 | |
50 Leaves | Flat [EUR] | N/A | 12 | 12 | |
10.1.3 | GBP | ||||
10 Leaves | Flat [GBP] | N/A | 4 | 4 | |
25 Leaves | Flat [GBP] | N/A | 6 | 6 | |
50 Leaves | Flat [GBP] | N/A | 8 | 8 | |
10.2 |
Account Dormancy and Maintenance Charges |
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10.2.1 | Account Dormancy Charge/Annum | Flat [USD] | N/A | N/A | N/A |
10.2.2 | Account maintenance cost/Annum | Flat [USD] | N/A | 50 | 50 |
10.2.3 | Account maintenance for FX trading partner/IMTO | Flat [USD] | N/A | Free | Free |
11 |
Foreign Currency Exchange Rate |
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11.1 | Foreign Currency Cash Notes Rates | ||||
11.1.1 | For Buying | Flat [USD] | Prevailing buying rate | ||
11.1.2 | For Selling | Flat [USD] | Prevailing selling rate | ||
11.2 | Foreign Currency Transaction Rates | ||||
11.2.1 | For Buying | Flat [USD] |
Prevailing buying rate
|
||
11.2.2 | For Selling | Flat [USD] | Prevailing selling rate | ||
11.3 |
Commission on Sale of Foreign Currency Cash Notes |
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11.3.1 | Exchange payable to NBE | Rate | 2.50% | NA | NA |
Min [ETB] | 10 | NA | NA | ||
11.3.2 | Commission on selling FCY cash notes | Rate | 14.00% | NA | N/A |
Min [ETB] | 500 | NA | N/A | ||
11.3.3 | Commission on selling FCY cash notes for medical travel upon presentation of Medical Board Certificate | Rate | 10.00% | NA | N/A |
Min [ETB] | 500 | NA | N/A | ||
11.3.4 | Commission on selling FCY cash notes to staff for business travel securing approval From the CEO | Rate | Free | Free | Free |
Min [ETB] | Free | Free | Free |