Who We are

Tsedey Bank has a rich history within Ethiopia's financial landscape. Its roots trace back to 1995 when the Organization for Rehabilitation and Development Ethiopia (ORDA-Ethiopia) established it as a department focused on rural credit. In April 1997, it transformed into a licensed microfinance company named Amhara Credit & Savings Institution (ACSI). Starting small with 3 million birr and a team of 40, ACSI served the microfinance sector for a quarter-century. Finally, in January 2022, Tsedey Bank officially secured its banking license from the National Bank of Ethiopia. Today, Tsedey Bank is a major force, catering to over 14 million customers nationwide, with over 1.3 million actively using loan services. The bank's financial strength is evident in its total assets Birr 56.6 billion and capital surpassing Birr 12.8 billion. It ensures a rapidly growing national presence with a network exceeding 614 branches and a human capital exceeding 13,000 employees. Tsedey Bank offers a wide range of domestic and international services, all underpinned by exceptional customer service. Tsedey Bank further distinguishes itself by providing comprehensive Shariah-compliant, interest-free banking services named 'Arhibu'.

Tsedey Bank works in partnership with European Union- International Fund for Agricultural Development, United States Agency for International Development (USAID), Agriculture Transformation Institute (ATI) and Women Entrepreneurs Development Project (WEDP). Tsedey Bank distinguishes itself through its: Extensive network: With a broad presence in rural Ethiopia, Tsedey Bank is accessible to a vast and undeserved population. Significant lending portfolio: The bank caters to a large customer base, providing financial resources to over 1.3 million loan clients. Award-winning performance: Tsedey Bank's dedication to excellence is recognized by its distinction as the first Ethiopian financial institution to receive an African Bankers Award. Commitment to social responsibility: The bank prioritizes giving back to the community, fostering a well-deserved reputation for corporate social responsibility, and many more.

Our 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.

Our Vision

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

Core Value

  • Professionalism
  • Integrity
  • Service Excellence
  • Sense of Ownership
  • Inclusive

Currency Exchange

Tsedey Bank S.C Foreign Currency Exchange Rate as at

Currency

Buying

Selling

USD DOLLAR


125.1117


127.6139

EUR Euro

136.4594

139.1886

GBP Pound Sterling

160.1946

163.3985

AED UAE Dirham


31.0644

34.7456

Product and Services

Corporate Social Responsibility

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