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Farooq

Savings

Savings Account


We offer a range of deposit savings plans to enable you to get higher returns on your savings in a convenient manner. Our term deposit plans are offered for a range of periods and follow a structured schedule of attractive interest returns. The deposit options are available in Ethiopian Birr as well as a host of foreign currencies like US Dollars, Euro and GB Pounds.


Savings Bank Account
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Simplest deposit option available to the Depositor
1. Easy to operate.
2. Terms and conditions kept lucid to facilitate a layman’s understanding.
3. No hidden costs.

Current Account
Our Current Account allows you to deposit and withdraw any amount of money at your convenience.
Fixed time account
Fixed term deposits yielding high returns.BIB Fixed Deposits are accounts opened for fixed contracted periods.
Foreign Currency Deposit
Foreign Currency Deposit is applicable in our bank
Account Opening Requirements

  1. All physical persons should be 18 years old or above and must present.
  2. Passport size photograph
  3. A valid identifications card (ID) issued by legally established organizations such as:
    • Kebele
    • 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 deposit

Features
Minimum opening balance – Nil
Minimum operating balance – Nil
Others