Quick Overview

The first private bank in Ethiopia, provides a comprehensive suite of financial products across personal, business, and digital categories. 

Personal Banking

  • Tailored for individual needs, these services range from basic savings to high-net-worth solutions:
  • Savings Accounts: Options include Ordinary Savings, Children’s and Student accounts, and the Lucy Women’s Special Saving Account.
  • Specialized Deposits: Includes Salary, Investment, and Provident Fund solution accounts.
  • Loans: Personal loans for residential house purchase, renovation, and vehicle financing (brand new or used).
  • Card Services: Issuance of local and international cards including Awash Card, Visa, MasterCard, and China UnionPay. 

Business & SME Banking 

  • Designed to support enterprises from startups to large corporations: 
  • Credit Facilities: Short, medium, and long-term loans, including Overdraft facilities and Merchandise Loans.
  • Trade Finance: International banking services such as Letters of Credit (L/C), Documentary Collections, and Guarantees (Bid Bond, Performance Bond).
  • Sector-Specific Loans: Targeted financing for Agriculture, Manufacturing, and the Hotel/Tourism industries.
  • Treasury & Payroll: Bulk cash collection and automated Payroll Administration for employees. 

Digital Banking Services

  • Awash Bank emphasizes accessibility through multiple electronic channels: 
  • Awash Birr: A mobile and agency banking platform for transfers, payments, and airtime purchases.
  • Telebirr Integration: Digital micro-saving and micro-credit services (like Tila and Sinq) in partnership with Ethio Telecom.
  • M-Pesa Overdraft: A digital overdraft service launched with Safaricom Ethiopia for real-time wallet transactions.
  • Internet Banking: 24/7 access to account management, e-statements, and local fund transfers. 

Interest-Free Banking (IFB) 

  • Sharia-compliant services under the “Awash Choice” brand:
  • Wadiah Accounts: On-demand savings and current accounts.
  • Mudarabah: Profit-sharing investment and fixed-time deposit accounts.
  • Financing: Islamic financing models including Murabaha, Ijarah (leasing), and Istisna. 

International Services

  • Remittance: Incoming and outgoing transfers via SWIFT and agents like Western Union, MoneyGram, and Dahabshiil.
  • Forex Bureau: Daily updated Live Exchange Rates for major currencies like USD, EUR, and GBP.