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Farooq

Savings

HomePersonalSavings

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.
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Fixed time account
Fixed term deposits yielding high returns.BIB Fixed Deposits are accounts opened for fixed contracted periods.
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Foreign Currency Deposit
Foreign Currency Deposit is applicable in our bank
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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

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