Summary of Banks' Foreign Exchange Related Fees and Charges - National Bank of Ethiopia

Skip to content

Foreign Exchange Reform（https://nbe.gov.et/fx）

Consumer Protection（http://bsa.nbe.gov.et/bsacps）

Summary of Banks' Foreign Exchange Related Fees and Charges

S/N Name of Bank Fx Related Fees and Charges

LC Import CAD Import TT Import Service Payments FCY Cash Sales

1 Abay Bank 4% (1% LC Opening Commission + 3% Service Charge) 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

2 Addis International Bank 4% (2% L/C Opening Commission + 2% Service Charge) 4% service charge plus per quarter 4% service charge 4% service charge 4% service charge

3 Ahadu Bank 4% (1% LC Opening Commission + 3% Service Charge) 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

4 Amhara Bank 4% ( 2% LC Opening Commission + 2% Service Charge ) 4% (2% PO Approval Commission + 2% Service Charge ) 4% Service Charge 4% Service Charge 4% Service Charge

5 Awash Bank 4% LC Opening Commission 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

6 Bank of Abyssinia 4% (2% LC Opening Commission + 2% Service Charge) 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

7 Berhan Bank 4% (2% LC Opening Commission + 2% Service Charge) 4% (2% PO Approval Commission + 2% Service Charge) 4% Service Charge 4% Service Charge 4% Service Charge

8 Bunna Bank 4% L/C Opening Commission 4% P.O. Approval 4% Service Charge 4% Service Charge 4% Service Charge

9 Commercial Bank of Ethiopia 4% (1% LC Opening Commission + 1% Service Charge + 2% Settlement Commission) 4% (1% PO Approval + 1% Service Charge + 2% Settlement Commission) 4% Service Charge 4% Service Charge 4% Service Charge

10 Cooperative Bank of Oromia 4% (2% LC Issuing Commission + 2% Service Charge) 4% (2% PO Approval Commission + 2% Service Charge) 4% Service Charge 4% Service Charge 4% Service Charge

11 Dashen Bank 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

12 Development Bank of Ethiopia 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

13 Enat Bank 4% (2% LC Opening Commission + 2% Service Charge ) 4% (2% PO Approval Commission + 2% Service Charge ) 4% Service Charge 4% Service Charge 4% Service Charge

14 Gadaa Bank 4% (LC Opening Commission) 4% (PO Approval Commission) 4% Service Charge 4% Service Charge 4% Service Charge

15 Global Bank Ethiopia 4% (2% LC Opening Commission + 2% Service Charge ) 4% Service Charge 4% Service Charge 4% Service Charge 4% Service Charge

16 Goh Betoch Bank 4% (3% LC Opening Commission + 1% Settlement Commission) 4% (2.5% Service Charge + 1.5% Settlement Commission) 4% Service Charge 4% Service Charge 4% Service Charge