Tsedey Bank S.C.

Tseday Bank was founded in 1988 as a small institution with just 6 branches and 49 employees, serving 672 savers and a capital of 3 million Birr. By 2004, it had expanded significantly, growing to 214 branches, employing 2,859 staff, and attracting over 1.48 million savers, with savings reaching 1.05 billion Birr. By 2017, the bank had become a major player with 627 branches and a workforce of 13,000+ employees, serving more than 14 million customers. Its assets stood at ETB 56.6 billion, with ETB 34.2 billion in deposits and ETB 37.6 billion in loans.

The bank's journey began in 1995 as a rural credit initiative under the Organization for Rehabilitation and Development Ethiopia (ORDA-Ethiopia). In 1997, it transformed into the Amhara Credit & Savings Institution (ACSI), focusing on microfinance. Over the years, ACSI helped shape Ethiopia’s microfinance sector, operating with an initial capital of 3 million Birr and a small team.

In January 2022, Tseday Bank transitioned into a full commercial bank after receiving its official banking license. Today, it serves over 14 million customers and boasts assets of ETB 56.6 billion, with a capital exceeding ETB 12.8 billion. Tseday Bank is also known for offering Shariah-compliant, interest-free banking services under the brand 'Arhibu', alongside a wide range of traditional banking products.

Vision

To become the leading inclusive and transformative commercial bank in Ethiopia by the year 2030.

MISSION

Greatly contributing to the socio-economic transformation of Ethiopia by providing modern, inclusive and efficient banking services using the best available systems and technologies and through the hard work and commitment of its highly competent staff.

Core Value

Core value is Tseday Bank is

-Professionalism

-Integrity

-Service Excellence

-Sense of Ownership

-Inclusiveness

Deposit

1. Savings Account

A flexible account with no maturity, earning interest based on the bank's terms, available to individuals, organizations, and associations.

2. Current Account / Demand Deposit

An account for frequent transactions, authorized by cheque, with no interest but a minimum balance requirement.

3. Fixed Time Deposit

A fixed-term deposit offering higher interest rates, with principal and interest paid at maturity. Early withdrawal forfeits the interest.

Loan

1. Group Loan

A loan system for low-income individuals, where groups of 3-7 members qualify without material collateral. It includes three types: Installment, End-term, and Food Security (HABP).

2. Individual Business Loan

Targeted at middle-income individuals, this loan helps businesses with better capital and asset positions, offering higher returns compared to traditional loans.

3. Asset Loan

A salary-based loan aimed at government employees for purchasing home furniture, house construction, and maintenance, supporting community-level development.

4. Micro and Small Enterprises Loan

Loans designed to support youth-run businesses, helping reduce unemployment in towns by providing capital with alternative collateral options.

5. Energy Supply Technologies Loan

Loans to support alternative energy initiatives, such as sustainable bio-gas, to aid farmers and enhance energy development in the region.

6. Agricultural Inputs Loan

A loan for farmers to purchase agricultural inputs, provided by Tseday Bank in partnership with the government to improve agricultural productivity and resolve prior distribution issues.

Interest Free Banking

Saving/Deposit Products

wadiah/Safekeeping/ accounts

1. Wadiah Saving Account
2. Wadiah Current Account

Unrestricted Mudarebah Investment Accounts

1. Mudarabah Saving Account
2. Mudarabah Fixed Time Investment Accounts

Foreign currency deposit accounts

1. FYC Wadiah Saving Account
2. FYC Wadiah Current Account

Financing Products

1. Murabaha
2. Istisna
3. Salam
4. Qard

International Banking

1. Import Transactions
2. Export Transactions
3. Foreign Bank Guarantees

Digital Banking

1. Card Banking
2. Mobile Banking
3. Internet Banking
4. Mobile Wallet and Agency Banking

Mobile Banking

Tseday Mobile Banking is a secured online application that lets customers manage their accounts using mobile apps.

Android App: Download Here

USSD: *616#