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Deposit

Bunna International Bank S.C. provides efficient service for its esteemed customers by deploying modern Information technology through one window system.
The Bank Renders the following Deposit Accounts

    • Demand Deposit (Current Account)
    • Saving Account
  •  Special saving Account
  • Certificate of Deposit (Fixed Deposit)

       The following are eligible to open deposit account with our Bank

  1. Individuals;
  2. Business organizations that have legal personality;
  • Financial institutions
  • Individual traders (Sole Proprietorship)
  • Private Limited Companies and Share Companies
  • Organizations legally incorporated in the form of partnership
  • Public and private schools
  • Colleges and universities-government and private
  • Public enterprise, etc.

   3. Provident Fund Scheme Units of organizations;
   4. Non-Governmental Organizations (NGOs, both local and international);
   5. International Organizations and Diplomatic missions;
   6. Religious Organizations;
   7. Associations, such as:

  • Peasant associations;
  • Kebele associations;
  • Credit associations
  • Professional associations;
  • Edir, etc.

  8. Housing cooperatives;
   9. Ethiopians living abroad;
  10. Foreign citizens of Ethiopian origin;
  11. Foreign citizens who have a resident permit or investment permit.
General Requirment for Opening an Account
    All physical persons should be 18 years old or above and must present:
        A valid identification card (ID) issued by legally established organizations such as:

  • Kebeles
  • Farmers Associations
  • Employer organizations
  • Pensioner
  • Schools, colleges,universities
  • Driving license issuers
  • Issuers of passport and work or resident
  • permits One photo for all types of deposits;
  • Trade license (for Current Accounts). The Branch Manager may, however, authorize opening of a current account without a trade license.

 Individual Traders (Sole proprietors) should present
              I.D. Card
              Renewed trade license. The branch manager may authorize the opening of Current Account (C/A) without trade license.
        Financial Institutions should present;

  • Article of association
  • Memorandum of association
  • Certificate of registration
  • License from NBE
  • Resolution of Board of Directors, if necessary I.D. Card of the authorized signatories

             
    Housing cooperatives, Edir, and other associations should present:

  • Letter of support or certificate of registration from the appropriate government body certifying the establishment of the association or
  • Edir; Duly registered memorandum and articles of associations, where applicable;
  • Formal letter indicating the person(s) empowered to operate the Bank account per the memorandum and articles of association;
  • Valid ID of the incumbents named to operate the account.

  Religious organizations should present:

  • Application letter to open an account;
  • Letter of support from the Patriarch or his designate, for the Orthodox Church;
  • Letter of support from the Cardinal or his designate, for the Catholic Church;
  • Letter of support from the Islamic Council Office, for Islamic Organizations;
  • Letter of support from the President or his designate, for Ethiopian Evangelical Mekaneyesus Church;
  • For all other religious denominations, letter of support from the Ministry of Justice or Office of Association and Registration or the next higher echelon/organ of the specific denomination, as the case may be;
  • Valid ID of the persons who operate the account.

   In all cases, the names of the persons authorized to operate the account shall be specified in the supporting letter.
    Business organizations should present

  • Letter of application to open an account duly designating signatories appointed to operate the account;
  • Registration license/certificate from the concerned government body;
  • Trade license from a government body, which is authorized to issue such license;
  • Memorandum and articles of association, for private limited companies and share companies;
  • Valid ID of signatories.

     Public schools and clubs should present:

  • Letter of application to open an account;
  • A letter of support from the Ministry of Education or Regional Office (for public schools);
  • A letter of support from the Regional Sport Commission Office (for sport clubs);
  • A letter of support from the concerned authorities (for other clubs);
  • Names of persons authorized to operate the account as specified in the document, which governs the schools and/or clubs;
  • Valid ID of the persons who operate the account;
  • Memorandum and articles of association or other relevant documents;
  • Certificate of registration or other relevant documents.

  Local and foreign NGOs should present:

  • Application letter to open an account;
  • Authorization from the Ministry of Justice to operate in the country (for both foreign and local NGOs);
  • Authentication letter from the Ministry of Foreign Affairs (for foreign NGOs);
  • Letter of support from Disaster Prevention and Preparedness Commission (for both foreign and local NGOs);
  • Constitution/Charter or any other document, which governs the specific NGO;
  • Names of persons authorized to operate the account as specified in the Constitution/Charter or any other document;
  • Valid IDs or passports of the persons who are appointed to operate the account;  
  • Work or residential permit (for foreign nationals).

    Public enterprises should present:

  •  Formal letter from the respective Board of Directors or General Manager, as the case may be, specifying, among other things, the names of authorized signatories to operate the account;
  • Letter of appointment from the General Manager;
  • Negarit Gazette bearing relevant proclamation for its establishment;
  • Valid IDs of the authorized signatories;
  • Cooperative societies should present:
  • Minute of members' resolution at the last general assembly if it is under the process of formation- and a letter of intent signed by all members.
  • Application letter to open an account specifying, among others, the names of signatories to operate the account;
  • Certificate of registration issued by the appropriate authority;
  • Letter of authorization from the respective organizing body;
  • Approved and registered co-operatives’ rules and regulations, which shall bear the official stamp of the registering body and the co-operatives;
  • Valid IDs of the authorized signatories.

  Trade unions should present:

  •  Application letter to open an account specifying, among others,
  • the names of signatories to operate the account; Certificate of registration from the Ministry or Regional Bureau of Labor and Social Affairs;
  • Approved and registered rules and regulations of the trade union;
  • Resolution of the General Assembly appointing the executive committee of the trade union;
  • Minutes of the Executive Committee relating to opening of an account;
  • Valid IDs of the authorized signatories.

              Provident fund schemes units should present application letter from the organization, which maintains provident fund for its employees. The provident fund accounts shall be operated according to the instruction given by the organization.

Exchange Rate

October 19, 2017 
Currency Buying Selling
USD 26.9738 27.5133
GBP 35.5407 36.2515
CHF 27.4878
28.0376
SEK 3.3038 3.3699
DKK 4.2580
4.3432
DJF 0.1499 0.1529
INR 0.4143 0.422586
KSH 0.2604 0.2656
JPY 0.2391 0.243882
CAD 21.5360 21.9667
AUD 21.1124
21.5346
SAR 7.1922 7.3360
AED 7.3426 7.4895
ZAR
2.0007 2.0407
EUR 31.6969 32.3308
CNY 4.0698 4.1512