Who We are

Tsedey Bank Share Company (S.C.) is transformed from Amhara Credit & Savings Institution (ACSI). ACSI was initially established and licensed as a microfinance share company in April 1997.

Tsedey Bank Share Company (S.C.) is transformed from Amhara Credit & Savings Institution (ACSI). ACSI was initially established and licensed as a microfinance share company in April 1997.

Tsedey Bank S. C. has upgraded itself and joined the banking industry with huge capital and sizable asset position. The Bank was established with a paid-up capital of Birr 7.75 billion, which is well over the regulator’s minimum capital requirement for establishing bank business in Ethiopia. Total capital of the Bank reached Birr 11.6 billion, that includes the paid-up capital, legal and special reserves. Currently, the Bank’s total asset amounted to Birr 49.7 billion.

photo_2023-01-20 09.43.23-PhotoRoom
In 2015

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

US Dollar




55.7444




56.8593

EUR

Euro

60.3991

61.6071


GBP

Pound Sterling

67.2742

68.6197

AED

UAE Dirham

13.7354

14.0101

0 B ETB

Loan

0 B ETB

Deposit

0 B ETB

Capital

0 +

Employees

0 +

Branches

Product and Services

Deposit

Basic deposit services provided by Tsedey Bank are:

Demand deposit, Fixed Time deposit, Youth Saving Account, Women Saving Account, Child Trust Fund Account, Special Saving Accounts, and Accounts for Minors.

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Interest Free Banking

Tsedey Bank provides specialized Interest-Free Banking financing and saving products. The bank has financing products with the brand names of: Murabah, Istisna, Salam, and Kered and, the saving products are; wadiah/Safekeeping/Accounts, Unrestricted mudarebah investment accounts & Foreign currency deposit accounts. Our products and services are tailored to serve and fulfill the needs of our esteemed customers.

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Loan

Group loan, Individual loan, Asset loan, Micro and Small Enterprise loan, agricultural inputs loan and Technology Loans are basically mentioned among the common credit service loans.

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International Banking

Tsedey Bank Provides Import, Export and Foreign Bank guarantees ,remittance and foreign exchange services in its International banking offices.

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Corporate Social Responsibility

I like to quote Alexander Graham Bell's speech about the purpose of the transition. "The success of one goal must be the starting point for another," says Alexander. Although ACSI has done many successful projects in microfinance, we did not want to be satisfied with this. As a result, the shareholder of ACSI decided to transform microfinance into a full-fledged bank, including microfinance services. Accordingly, Tsedey Bank is established.
Ato Gedu Andargachew

Board Chairman

 

Latest News

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Privacy Policy

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Welcome to Tsedey Bank. At Tsedey Bank, we prioritize the protection of your privacy and personal data. This Privacy Policy... read more

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