TSEDEY BANK

BANK FOR ALL!

TSEDEY BANK

BANK FOR ALL!

BANK FOR ALL

Tsedey Bank

BANK FOR ALL!

TSEDEY BANK

BANK FOR ALL!

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 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.

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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

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Loan

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Deposit

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Capital

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Employees

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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.

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.

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.

International Banking

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

Corporate Social Responsibility

Tsedey Bank establishes athletics club

Tsedey Bank established athletics club to boost its community services.

The Club was established in West Gojam Zone, Degadamot District, Feres Bet City on September 16, 2011 with 60 athletes (35 female and 25 male) 2 coaches and a manager. Currently, the club has 50 athletes and 3 coaches a manager.

It is one of the proofs that Tsedey Bank is annually allocating huge amount of budget and contributing a lot in community services.

Tsedey Bank is contributing a lot in several community services.

Tsedey Bank builds a house for the man who planted palm trees in Bahir Dar for the first time.

Tsedey Bank built a house for the man who planted palm trees in Bahir Dar city for the first time.

Bahir Dar, one of the most beautiful cities in Ethiopia, is known for its palm trees, Lake Tana and River Abay.

Tsedey Bank’s support for people affected by natural disaster

Tsedey Bank has offered different supports for people affected by natural disaster in Amhara Region.

The bank is known for its support in different development activities as well.

Tsedey Bank inaugurates general secondary school.

Tsedey Bank inaugurated a general secondary school built in Wahgemira Administration Zone.

The school was built with 13.2 million birr and it was one of the corporate social responsibilities of the bank in 2022 FY.

Tsedey Bank constructed the school in Waghemira, one of the administrations of Amhara Regional State where school infrastructure is below the minimum standard.

Tsedey Bank contrbuites 15 million birr

Tsedey bank contrbuited 15 million birr for corona prevantion, 25 million birr for Amhara Region displaced people and other many millions for different issues.

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.