About Company

Abay Bank

History of Abay Bank starts at its foundation on July 14, 2010, and afterward started its operation on the 4th of November of 2010. More than 4,100 shareholders have invested in Abay Bank, and the capital has surpassed 2.5 Billion Birr, with a paid-up capital of 1.7 Billion Birr Abay Bank head office is found at the capital of the country,Addis Ababa.

Services Provided by Abay Bank

Multichannel Banking

Agent Banking

With Agent Banking, Abay bank offers its banking services to cover un banking customers, in alliance with the National Bank of Ethiopia’s directive

Agent: is someone who is involved in a commercial/business activity and is contracted by a financial institution to issue the services of the financial institution on its behalf.

Agent Banking is someone who takes care of the banking business on behalf of a financial institution via an agent. The agent uses various service delivery channels to conduct a banking service

Abay Agent Banking service allows banking services via

• Supermarket
• Pharmacy
• Kiosk, and
• other outlets

Abay Agent banking is known as “Abay Bedeje”, which means that the banking service is closer to home. Abay Bank’s Agent Banking services have the following:

• Saving & Mobile Opening,
• Deposit & Withdrawal on mobile account
• Payment, etc.

Savings Accounts

Special Saving Account

Children’s Saving Account

The Children’s Special Saving Account is a special account opened by  Guardians/parents who are able to open an account for their children. With a better interest rate, parents/guardians can start saving for their kids with Abay Bank.

Women’s Saving Account

Abay Bank has an account specifically for women with better and enhanced features

Abay Bank offers these features in the Women’s Special Saving Account:

• Provided only for women
• Withdrawal of cash is allowed at any time and any amount.
• Women have a higher interest rate of 7.215% with Abay Bank
• Can be opened by individuals or in joints
• The initial balance can be zero balance as long as the customer is to make a deposit within a month of opening a Women’s Saving Account.

Youth’s Saving Account

Youth’s savings account is targeting individuals aged between 18 & 24. The account can be opened either individually or jointly as long as all the members are in the specified age group, which is 18 & 24. Youth customers of Abay Bank can enjoy the following services:Withdrawal of cash is allowed at any time and any amount,Youths’ saving account will have a higher interest rate amounting to 7.215%

The initial balance can be zero balance as long as the customer is to make a deposit within a month of opening a Youth’s Saving Account