Term and Tariff – Gadaa Bank

Digital Banking Services Fee

S.N	Transaction Type	Amount Range (ETB)	Option3
1	Fund transfer between own accounts	Any amount	Free
2	Fund transfer to other Gadaa Bank accounts	100 – 1000	2
		1,001 – 5,000	5
		5,001 – 15,000	7
		above 15,001	10
3	Fund transfer to Telebirr Wallet and Agents	100 – 500	3
		501-1500	5
		1501-5000	7
		5001-10000	10
		10001-100000	20
		Above 100,000	50
4	Subscription		5
5	Full Statement		1

Branch Banking Term and Tariff

REVISED BRANCH BANKING TERM AND TARIFF CATALOG

Interest Rate on Deposit Accounts

Interest Rate on Deposit Accounts	Annual Interest rate
Ordinary Demand Deposit Account	–
Special Current account (Interest Bearing current Account)	Negotiable
Ordinary Saving account	Minimum saving interest rate
Special Saving Deposit	Negotiable for deposit greater than three million
Staff- saving account	Minimum saving interest rate
Staff- Provident Fund	Minimum saving interest rate
Provident Solution account	Negotiation based
Farmers saving account	Minimum saving interest rate plus 1.5 %
Dabbale, Game Kusa, Sabata & Yuba saving Accounts	Minimum saving interest rate plus .5%
Dabbale Gammee, Siinqee and Gadamoji saving Accounts	Minimum saving interest rate plus 1%
Furtu Saving Account	Minimum saving interest rate Plus .25%
Fixed Time Deposit	Negotiable

Credit Facility Prices and Fees


Type of Credit Facilities	Loan Tenure	Lending Interest Rates in %
Export Term Loans (Non-Working Capital)	Short Term	Up to 11%
	Medium Term	Up to 14%
	Long Term	Up to 15%
Export Term Loans(Working Capital)	Short Term	up to 13.95%
	Medium Term
	Long Term
Regular Export OD		Up to 13.95%
Domestic Trade and Services	Short Term	Up to 18.5%
	Medium Term	Up to 19.5%
	Long Term	Up to 19.95%
Import Term Loan	Short Term	Up to 18.50%
	Medium Term	Up to 19.75%
	Long Term	Up to 19.75%
Hotel and Tourism	Short Term	Up to 18.00%
	Medium Term	Up to 19.00%
	Long Term	Up to 19.50%
Transport Services	Short Term	Up to 18.50%
	Medium Term	Up to 19.75%
	Long Term	Up to 19.95%
Agricultural Loan including Floriculture and Horticulture (Working Capital and Fixed Asset Acquisition purpose)	Short Term	Up to 17.90%
	Medium Term	Up to 19.00%
	Long Term	Up to 19.25%
Manufacturing/Industry	Short Term	Up to 18.00%
	Medium Term	Up to 19.00%
	Long Term	Up to 19.50%
Building Construction, Real Estate Development	Short Term	Up to 18.50%
	Medium Term	Up to 19.75%
	Long Term	Up to 19.95%
Mines, Power and Water Resources	Short Term	Up to 18.00%
	Medium Term	Up to 18.50%
	Long Term	Up to 19.50%
Micro Financial Institution	Short Term	Up to 16.00%
	Medium Term	Up to 16.00%
	Long Term	Up to 16.25%
Construction Machinery Rental and Purchase other than Agricultural Machinery)	Short Term	Up to 18.50%
	Medium Term	Up to 19.75%
	Long Term	Up to 19.95%
Temporary O/D (Export)		Up to 18.75%
Non Export Temporary O/D		Up to 19.50%
Over drawal On export O/D	Up to 1 month	Up to 19.50%
Over drawal On Normal O/D	Up to 1 month	Up to 19.75%
Pre-shipment Export Credit Facilities for coffee or non-coffee against Sales Contract, L/C, CAD with fully or partially secured against collaterals	Regardless of the duration	Up to 13.95%
Advance against Export Bills/Post shipment	Regardless of the duration	Up to 13.95%
Pre-shipment against DBE guarantee	Regardless of the duration	Up to 10.00%
Advance against Import Bills	For 90 days	Up to 19.50%
Advance against Import Bills	For Over 90 days	Up to 19.95%
Loans and Advances to Cooperatives, Unions and Associations	Short Term	Up to 13.00%
	Medium Term	Up to 15.00%
	Long Term	Up to 15.50%
Merchandise Against Pledge of Export Items	Regardless of the duration	Up to 15.00%
Merchandise Against Pledge of Non- Export Items	Up to 12 months	Up to 19.50%
Merchandise In Transit	Up to 6 months	Up to 19.75%
Merchandise In Transit	Above 6 months
Merchandise Against Warehouse Receipt	Up to three months
General Consumer Loans (other than stated on Diaspora and Employee of Institution Credit Terms and Tariffs Catalogue)	Short Term	Up to 17.25%
	Medium Term	Up to 18.25%
	Long Term	Up to 18.75%
Loan to Model Farmers	Short Term	Up to 15.50%
	Medium Term	Up to 16.50%
	Long Term	Up to 16.75%
Overseas Employment Agencies Loan	Short Term	Up to 18.00%
	Medium Term	Up to 18.50%
	Long Term	Up to 19.50%
Gaammee and Kuusaa,Furtu, Farmers and Siinqee Loans	Short Term	Up to 14.00%
	Medium Term	Up to 15.75%
	Long Term	Up to 16.00%
Staff Mortgage, Personal, Vehicle Loan		7%
Emergency Staff Loan		free
Default Interest Rate/ Late penalty on principal Payment		3%

Collateral/Property Valuation Fees		Charges in ETB
Single Villa	Per LHC	2,500.00
Communal Apartment/Condominium	Per LHC	2,000.00
Multi-Storey Buildings	G+1-G+3	3,000.00
	G+4-G+6	3,500.00
	G+7-G+10	4,000.00
	More than G+10	5,000.00
Multipurpose Hall (Factory, Store or Warehouse Buildings)	Per LHC	3,000.00
Coffee processing site	Per LHC	5,000.00
Fuel Stations	Per tanker +building cost as per respective fee stated above fee stated above	3,500.00
Project Financing-Buildings(Real estate, mortgage, hotel, etc)		5,000.00
Motor vehicles/Automobile, Trucks, etc. (due to risk of taking value based on insurance, or checking or inspection)		1,500/per vehicle
Industrial/Factory Machineries		1,500/per plant
Construction Machinery and Equipment(per machinery		1,500.00
Workshop Machinery		1,500/plant
Projects on progress(checking/evaluation)		1,500.00
Staff housing loan		Free of Charge
Re-estimation of properties		50% of Corresponding Estimation Fee
Re-estimation of properties		50% of Corresponding Estimation Fee
Revaluation to meet procedural requirement		1,000.00

IFB

S/N	Financing product & Economic Sector	Financing Duration in Year/s	Profit Rate per Repayment Mode
1	Murabaha Financing		Quarter		Semi Annual			Annual
1.1	Agricultural Machinery and Working Capital	1 Yr	10.5		11.5			13.5
		2 Yrs	18.5		20.5			24.5
		3 Yrs	29.5		29.9			33.4
		4 Yrs	38.5		40.5			44
		5 Yrs	49.5		52			55.5
		6 Yrs	62.5		65			69
		7 Yrs	73.65		75.86			79.65
		8 Yrs	92		93.84			98.53
		9 Yrs	105.55		107.66			113.04
		10 Yrs	115.4		118.86			121.24
1.2	Manufacturing/Industry	1 Yr	11		13			17
		2 Yrs	21		23			27
		3 Yrs	31		33			38
		4 Yrs	43		45			49
		5 Yrs	56		58			62
		6 Yrs	70		72			76
		7 Yrs	82		84			88
		8 Yrs	95		97			101
		9 Yrs	108		110			114
		10 Yrs	122		124			128
1.3	Domestic Trade Service	1 Yr	11		13			17
		2 Yrs	21		23			27
		3 Yrs	31		33			37
		4 Yrs	42		44			48
		5 Yrs	55		57			61
		6 Yrs	68		70			75
		7 Yrs	81		83			87
		8 Yrs	93		95			99
		9 Yrs	107		109			112
		10 Yrs	120		122			126
1.4	Building Construction & Real Estate development	1 Yr	12		14.30			18.50
		2 Yrs	21.50		23.65			27.90
		3 Yrs	31		33			37
		4 Yrs	42		44.50			48.50
		5 Yrs	57		59.80			63.50
		6 Yrs	72		73.5			77.85
		7 Yrs	84.5		86.50			90.55
		8 Yrs	98		99.50			103.75
		9 Yrs	111		114			117.35
		10 Yrs	126		127.50			131.50
1.5	Construction Machinery	1 Yr	12		14.3			18.70
		2 Yrs	21.7		23.7			27.93
		3 Yrs	31.3		33.45			37.45
		4 Yrs	42.5		44.65			48.53
		5 Yrs	57.6		59.9			63.52
		6 Yrs	72.3		73.70			77.87
		7 Yrs	84.6		86.60			90.56
		8 Yrs	98.2		99.55			103.78
		9 Yrs	111.4		114.45			117.45
		10 Yrs	126.5		127.53			131.56
1.6	Export Murabaha	3 Month	5.5
		6 months			7.50
		9 Months			9
		1 Yr	9.8		10			12
		2 Yrs	14		15.5			18.3
		3 Yrs	21		22.47			25.39
		4 Yrs	28.3		29.72			32.69
		5 Yrs	37.7		39.59			42.55
		6 Yrs	45.04		47.29			50.60
		7 Yrs	53.72		56.41			59.79
		8 Yrs	59.05		62			65.72
		9 Yrs	70.77		74.31			80.25
		10 Yrs	83		85.49			89.76
1.7	Import	1 Yr	10.75		12.69			16.49
		2 Yrs	20		22			26.4
		3 Yrs	29.9		31.84			35.98
		4 Yrs	41		43.05			47.79
		5 Yrs	53		55.65			60
		6 Yrs	67.51		69.87			74.76
		7 Yrs	80.2		83.41			87.58
		8 Yrs	95.5		98.37			101.32
		9 Yrs	109.4		111.59			116.05
		10 Yrs	121		123.42			127.12
1.8	Motor Vehicle & Transport Service	1 Yr	11.04		13.03			16.94
		2 Yrs	20		22			26.40
		3 Yrs	31		33.17			35.82
		4 Yrs	42		44.10			48.51
		5 Yrs	54.3		57.02			61.58
		6 Yrs	68.4		71.82			76.85
		7 Yrs	81.8		85.07			89.33
		8 Yrs	98.7		100.67			105.71
		9 Yrs	112.36		115.73			120.36
		10 Yrs	123.24		126.94			131.38
1.9	Hotels and Tourisms (Halal)	1 Yr	10.04		11.85			15.40
		2 Yrs	19.64		21.60			25.49
		3 Yrs	29.75		31.83			35.33
		4 Yrs	41		43.05			47.36
		5 Yrs	52.5		55.13			59.54
		6 Yrs	64.08		67.28			72.00
		7 Yrs	79		82.16			86.27
		8 Yrs	92		94.76			99.50
		9 Yrs	105.78		107.90			112.21
		10 Yrs	119.6		121.99			125.65
1.10	Overseas Employment Agencies Financing	1 Yr	10.04		11.85			15.40
		2 Yrs	19.64		21.60			25.49
		3 Yrs	29.75		31.83			35.33
		4 Yrs	41		43.05			47.36
		5 Yrs	52.5		55.13			59.54
		6 Yrs	64.08		67.28			72.00
		7 Yrs	79		82.16			86.27
		8 Yrs	92		94.76			99.50
		9 Yrs	105.78		107.90			112.21
		10 Yrs	119.6		121.99			125.65
1.11	Merchandise	Type						Duration	Profit Rate
		One time export Merchandise Murabahah facility for exportable goods against expected FCY within 90 days						90 Days	7.1
		One time export Merchandise Murabahah facility for exportable goods against expected FCY within 180 days						180 Days	9
		Revolving facility for exportable goods up to 365 days						365 Days	14
		Local Merchandise Murabahah facility to be repaid within 90 days						90 Days	13.27
		Local Merchandise Murabahah facility to be repaid within 180 days						180 Days	17.11
1.12	Cooperatives, Unions & Associations	1 Yr		9		9.9		10.89
		2 Yrs		18		18		20
		3 Yrs		29		31.9		35.09
		4 Yrs		37		40.7		44.77
		5 Yrs		49		53.9		59.29
		6 Yrs		52		57.2		62.92
		7 Yrs		61		67.1		73.81
		8 Yrs		73		80.3		88.33
		9 Yrs		89		97.9		107.69
		10 Yrs		99		108.9		119.79
1.13	Consumer Financings (Other than stated on Diaspora, Corporate clients & Employee of Institutions)	1 Yr		10.90		11.99		13.19
		2 Yrs		20.80		22.88		25.17
		3 Yrs		30.90		33.99		37.39
		4 Yrs		42.70		46.97		51.67
		5 Yrs		55.30		60.83		66.91
		6 Yrs		69.40		76.34		83.97
		7 Yrs		81.40		89.54		98.49
		8 Yrs		94.30		103.73		114.10
		9 Yrs		107.20		117.92		129.71
		10 Yrs		121.70		133.87		147.26
1.14	Murabaha Advance against Import Bills	For 90 days				7.5
		Over 90 days				10.75
1.15	Staff Mortgage & Vehicle Financing	For the staff Mortgage & Vehicle financing period of 25 years. If the period is different from 25 yrs the equivalent will be calculated					25 years		112.03
2	Pre Shipment Export (Qard Al Hassan)	Free for 90 days

IBD

S/No	Fees Charged for Fx Services	Import Permits	Service Payments	Cash Sales
1.	Import By LC Method of Payment
1.1.	LC Opening Commission	4%
1.2.	Service Charge	NIL
1.3.	Amendment Fee	NIL
1.4.	Confirmation Charge	NIL
1.5.	Extension Charge before Expiry	NIL
1.6.	Extension Charge After Expiry	NIL
1.7.	LC Cancellation Commission	NIL
1.8.	SWIFT Charge (MT 700/MT707/MT740/MT799)	USD 100
2.	Import By CAD Method of Payment
2.1.	PO Approval Commission	4%
2.2.	Swift Charge (MT202)	USD 100
3.	Import By A/P (T.T) Method of Payment
3.1.	Service Charge	4%
3.2.	SWIFT Charge (MT103)	USD 100
4.	A/P (T.T) Method of Payment (Invisible Payment)
4.1.	Service Charge		4%
4.2.	SWIFT Charge (MT103)		USD 100
5.	Cash Sales FX Commission
5.1.	Service Charge			4%
6.	Freight Charge		4%

EXCHANGE RATE
	FOR CASH		FOR TRANSACTION
	Buying	Selling	Buying	Selling
USD	152.8224	155.8788	152.8224	155.8788
GBP	182.6655	186.3188	182.6655	186.3188
EUR	178.7833	182.3590	178.7833	182.3590
CHF	134.1436	136.8265	136.6938	139.4277
SAR	33.0073	33.6674	33.0073	33.6674
AED	33.7659	34.4412	33.7659	34.4412
	WEIGHTED AVERAGE RATE
	BUYING		SELLING
USD	152.8224		155.8788
GBP	182.6655		186.3188
EUR	178.7833		182.3590
CHF	136.6938		139.4277
SEK	11.2114		11.4356
NRK	10.9170		11.1353
DKK	17.2205		17.5649
DJF	0.6982		0.7122
INR	1.4473		1.4762
KES	0.9624		0.9816
JPY	0.7906		0.8064
CAD	86.2369		87.9616
AUD	76.7365		78.2712
SAR	33.0073		33.6674
AED	33.7659		34.4412
ZAR	6.5785		6.7101
CHINES YUAN	16.9884		17.3282
KUWAIT DINAR	402.3640		410.4113

Interest Rate on Deposit Accounts

Annual Interest rate

Collateral/Property Valuation Fees

Charges in ETB