Wegagen Bank S.C.

Wegagen Bank S.C. was established in November 1996 and began operations on June 11, 1997. The bank was founded by sixteen visionary members who saw the crucial role financial institutions would play in driving economic development.

Vision

Aspiring to be a champion of excellence in banking business in Ethiopia

MISSION

Maximize stakeholders’ value by providing diversified banking services through competent and motivated employees and up-to-date technology

Core Value

Core value is Wegagen Bank is

-INTEGRITY

-TEAMWORK

-RESPONSIVENESS

-INNOVATION

Deposit

1. Nigat Women Account

A gender-oriented account designed to help women improve their saving habits, with attractive features for women across all economic levels.

2. Goh Junior Account

A high-interest savings account for children, opened by parents/guardians, maturing when the child turns 18 or older.

3. Warka Saving Account

A savings account for individuals aged 50 and above, offering high interest to encourage saving and provide a hassle-free banking experience.

4. Biruh Youth Account

A savings account for young people aged 18-24, offering attractive interest based on deposited amounts.

5. Wegagen Amana IFB

An Interest-Free Banking (IFB) service tailored to Sharia laws, available through dedicated windows and branches.

6. Foreign Currency Account

A savings account for individuals in Ethiopia or Ethiopians abroad, in line with the Directive No. FXD/68/2020.

7. Edir/Equb Saving Account

A savings account for Edir and Equb unions, offering an interest rate higher than the standard market rate.

8. NOW Account

An account for institutions, businesses, and large individual depositors with less frequent withdrawals.

Additional Accounts

1. Local Currency Saving Accounts
2. Special Saving Account
3. Goh Child Trust Account
4. Muday Box Saving Account
5. Supplier Credit Saving
6. TILA (TSILAL) Saving Account
7. Normal Checking Account
8. Special Demand Deposit
9. Mixed/ NOW Account (Withdrawal at Notice or Negotiable Order of Withdrawal)
10. Overdraft Account
11. Ethiopia Commodity Exchange Settlement Accounts
12. Linked (Zero Balance) Account
13. School Account
14. Non-Resident Non-Transferrable Account
15. Non-Resident Foreign Currency Account (NR-FCY)
16. Non-Resident Transferrable Birr Account

Loan

1. Working Capital Loan
2. Asset Financing Loans
3. Letter of Bank Guarantee Facilities
4. Retail Loans
5. Diaspora Loans
6. Personal Loans for Salaried Persons

International Banking

1. Letter of Credit
2. Cash Against Documents
3. Advance Payment
4. Consignment Basis Payment
5. Small Export Items
6. Guarantee

Digital Banking

Card Banking

Offers easy and convenient access to make withdrawals and payment through our ATM and POS network

Agar Card

This card is developed for individuals who have an account number with Wegagen Bank. The card is linked to customer’s account.

Nigat Card

This is a personalized card for women with Nigat account.

Amana Card

Amana is a specialized card for our Interest Free Banking Customers. The card is linked to customer’s account.

Mobile Banking

Wegagen mobile banking service which provides convenient and secure means of making payments at the fingertips of your hands.

Android App: Download Here

IOS App: Download Here

USSD: *866#

Internet Banking

Wegagen Internet banking provides browser-based access to customers to review transactions and make payments.

Login Here To Access Wegagen Bank Internet Banking.

School Management Solution

Wegagen School management solution enables schools and learning institutions to collect fees and offers a comprehensive school management system

Agent Banking

Agent Banking is aiming to expand reach and pursue financial inclusion, offers network of capable agents to provide banking service on behalf of Wegagen Bank.

Interest Free Banking

Saving Account

1. Wadia Amana Account
2. Muday wadia amana
3. Equb wadia amana
4. Zakat wadia amana
5. School wadia amana

Financing

1. Murabaha
2. Qard Financing
3. Qard Benevolent

Kafalah (Guarantee)

1. Bid Bond
2. Advance Payment Guarantee
3. Retention Payment Guarantee
4. Export and Import Trade