Enat Bank S.C.

Enat Bank, established by a dynamic group of 11 Ethiopian women, stands as a testament to their determination and unity in overcoming challenges. With a mission to provide inclusive banking services, particularly for women, the founders tackled significant hurdles, particularly in securing funding. Their efforts paid off as women now own 64 percent of the bank and hold key leadership roles throughout its structure. This pioneering establishment marks a significant milestone in Ethiopian banking history, with founders committed to fostering young women in finance and continuously improving ways to offer relevant banking products. Enat Bank not only reflects the vision of its founders but also serves as an inspiring example of women's empowerment in the financial sector.

Mission:

To remain true to our name, set a trend in the provision of excellent and inclusive banking services mainly by focusing on women economic needs and taking advantage of the state-of-art-technology, innovation and professional workforce with the aim of maximizing the value of our shareholders;

Vision:

To become a bank of choice in Ethiopia by 2030, mainly by maximizing women’s economic capabilities

Core Values:

Core value of Enat Bank is:

-Dedication

-Approachable

-Impartiality

-Integrity

-Concern for employees

-Learning Organization

-TeamWork

-Professionalism

Enat Bank has The Following Product & Services:-

1. Loan & Advances

Business Loans: Enat Bank offers Overdraft and Short Term credit facilities to enhance working capital for both domestic and international businesses, aiding in business launch or expansion and asset purchases like vehicles and machinery. Exporters can benefit from pre-shipment export credit facilities to cover costs related to raw materials and processing before shipment.

Consumer Loans: Enat Bank provides various credit options for individual borrowers to fulfill personal aspirations such as buying a house or automobile, furnishing a home, covering educational fees, and meeting other personal expenses. The special credit facility, Enat’s Choice, is designed specifically to support women in purchasing household equipment and appliances.

2. Saving Account

1. Regular Saving: An interest-bearing account that allows for flexible deposits and withdrawals, offering a minimum interest rate with no fixed withdrawal timeline.
2. Premium Saving: A tiered savings account with higher interest rates based on the deposit level, available in Silver, Diamond, and Platinum options.
3. Children’s Account Saving: A dedicated savings account for children under 18, offering attractive interest rates to encourage savings and financial literacy from a young age.
4. Savings Accounts for Golden Age: Long-term savings accounts ideal for retirement planning, featuring competitive interest rates tailored to individual customer needs.
5. Non-interest Bearing: An account that earns no interest, opened upon customer request for specific purposes.
6. Hybrid Savings: A versatile account combining savings and frequent transaction capabilities, allowing interest accrual while offering on-demand access to funds.
7. Time Deposit: Fixed-term deposits with a specific interest rate, offering options for interest payout either monthly or upon maturity.
8. Current Account: An account designed for fast transactions, offering a marginal interest rate for special holders on minimum balances.
9. Enat Bilhat: A special savings product that provides a competitive interest rate, requiring a fixed deposit amount for a set time, with an automatic increase in interest at the end of the term.

3. International Banking Service

Trade Finance Services

1. Import (Documentary credit, documentary collection and advance payment)
2. Export (Documentary credit, documentary collection, advance payment andconsignment) Foreign Guarantees

Remittance Services

1. Incoming Transfers
2. Outgoing Transfers

Foreign Check Services

1. Purchasing clean foreign cheques
2. Clearing foreign checks

Forex Services

Purchase and sale of foreign currency cash notes

Foreign Currency Account Services

1. Non-Resident Foreign Currency Accounts
2. Non-Resident Transferable Ethiopian Birr (ETB) Account
3. Non-Resident Non-Transferable ETB Account
4. Foreign Currency A/Cs for Ethiopians in Diaspora
5. Retention Accounts

4. Digital Banking

1. Internet Banking
2. Mobile Banking

Mobile Banking

Android App: Download Here

IOS App: Download Here

USSD: *845#

Internet Banking

To Access Enat Bank Internet Banking SignUp here or Sign in here.

5. Women Banking

Silanchi Saving Account

A special savings account for women offering high interest rates (7.5% - 9%) along with access to mortgage, vehicle, and personal loans.

Collateral Saving Account

Designed for organizations and individuals to deposit funds that serve as guarantees for women entrepreneurs, facilitating access to loans while providing training and advisory services.

Loan under USAID/SIDA Guarantee Scheme

Loans for women-owned private enterprises in Ethiopia (51% female ownership), requiring 50% collateral. Aims to empower female entrepreneurs through financial support.

Women Special Loan

Tailored loans for women-owned SMEs lacking collateral. Applicants must demonstrate their status and meet specific eligibility criteria set by the bank.

Credit Guarantee for Women

A platform that allows the community to support women entrepreneurs without collateral by providing a guarantee fund for their loan requests, enhancing financial access.

Financial Education

Offers training on financial literacy at bank branches to improve women’s understanding of financial issues and enhance their living standards through engaging methods.

Job Creation

Committed to providing job opportunities for women overcoming domestic violence, helping them regain independence by unlocking access to employment through guaranteed cash pledges.

Branch Naming Initiative

Branches in Addis Ababa named after influential women, honoring their contributions and inspiring future generations by raising awareness of their legacies.

Access to Market

Supports women entrepreneurs by providing tailored advisory services, networking opportunities, and market access to help them thrive in their businesses.

Capacity Building

In partnership with development organizations, the bank offers capacity-building programs and business planning assistance for women-owned SMEs.