NO

 

 Mobile banking /Fund transfer

 

Commission/charges/ fee

1

 

Gadaa Bank To Gadaa Bank

Free

Mobile Banking/Fund transfer

To other bank

For transaction value less than or equal to 5,000  ETB 0.40 per 100 birr  transaction

 5,001 – 25,000 ETB 0.24 per 100 birr  transaction

 25,001 – 100,000  ETB 0.16 per 100 birr  transaction

 100,001 -1,000,000  ETB 0.08 per 100 transaction

More than 1,000,000 birr ETB 0.04 per 100 birr transaction

2

 

To Tele birr

Free

3

Card Banking

On-Us

ETB 0.50 per 100 birr transaction

Off-Us

ETB 0.50 per 100 birr transaction

Remote On Us

ETB 0.50 per 100 birr transaction

ATM Balance inquiry

ETB 0.50 per transaction

ATM Mini statement 

ETB 1 per transaction

New Card Issuance

50 ETB

Card Re-issue

50 ETB

PIN Re-issue

30     TB

Passbook related fees

Passbook Issuance upon opening

Free

Loss of  Passbook Replacement

30ETB

Pass book Damage

30ETB

Passbook replacement by usage

Free

Closure of S/A within 6 months from date of opening

50 ETB

   
Saving and Current Account Operation

Cash Deposit/Withdrawal

Free

Commission for saving account deposit

For less than 50ETB  and if it remain dormant for two years transfer to other income 

Commission for Current account deposit

For less than 500ETB charge ETB 50 ETB every six month.

Service Charge for account Release (Payment to 3rd party by court order)

10ETB

Standing Instruction (S/A, C/A, TD, FCY, O/D, )

15 ETB

 

 

Stop Payment Order

Service Charge (single Cheque Issued)

50ETB

Service Charge (for Range of  Cheque or Pad Un-issued)

Minimum 50 ETB additional 10ETB for each cheque leaves.

Stop payment  for loss of cheque

Minimum 75 ETB additional 10ETB for each cheque leaves.

   
Sundries Services

Salary payment service

5 ETB per individual

Provident fund handling

Free

Authentication fee at Documents  Authentication and registration office

50 ETB on the top of authentication and registration and court office expense

Revenue Stamp

5ETB

   
Insufficient Fund

Single Time

Written Warning with 100 ETB penalty 

Second Time

3% of cheque value penalty not greater than 25,000ETB

Third Time

P 5% of cheque value penalty not greater than 50,000ETB

Cheque returned unpaid due to other reasons

Free

   
Account Statement on Request (S/A, C/A, TD, FCY O/D, Loan Accounts)

Duplicate Current Saving account per Month.

10 ETB per page for current year

Duplicate statement Historical

20 ETB per page  for above a year

Balance Confirmation to External Auditors (S/A, C/A, TD, FCY, O/D, Loans Accounts).

50ETB per letter.

Duplicate Advice (S/A, C/A, TD, FCY, O/D. Loan Accounts)

Current Year

Less than one year 10 ETB per page

Over a Year

20 ETB per page of any payment advice

   
Balance Availability Confirmation (S/A, C/A, TD, FCY, O/D, )

Local/ International

Service Charge & Commission

100 ETB flat and courier cost as per the email cost.( If any)

Registered mail

Free

   
Share Related Service charge

Subscription fee for Share purchase for existing share holders

Free

New share purchase for less than 16 years old

Free

New share purchase for greater than 16 years up to 24 years

3% of minimum share purchase amount subscription charge

New share purchase for greater than 24 years old.

5% of minimum share purchase amount subscription charge

Blocking of our bank share to be held as collateral with other entities.

For share value up to 50,000 flat ETB charge of 500birr and for greater than 50,000 a flat charge of ETB 1000.

Unblocking of our bank share held as collateral with other entities.

Flat rate of 150birr.

Share transfer fee

(1% of share value from each party) minimum of ETB200.

Confirmation fee

Flat ETB100birr

Authentication of shareholders agent document

Flat ETB150birr

Sale of Share /to Other Organization

Sale of Share to Other Organization (negotiable )

Pledge of Share as collateral (Own)

500 ETB sale of shares value up to Birr 50,000

Service charge on sale of shares value above Birr 50,000

1,000 ETB  sale of shares value above Birr 50,000

Pledge of Share as collateral

100ETB pledge of Share as collateral

Statement charge

Free

photo copy of any document

 

Certificate fee

Flat ETB 500

Signature change

ETB10

Customer mobile number change

 

Inheritance cases

ETB 35 per cases

Exception on Cash withdrawal above NBE’s limit

 

Door to Door service(pay or collect)

 
   
 Fund transfer

Transfer from account to account

Free

Interbank transfer   Service charge(RTGS)

ETB 50

Interbank Money transfer

 

Commission Charge (RTGS) whether CK or CPO( Outgoing)

Up to 1000 Commission ETB 75, above 1,000 ETB plus .05 cents per thousand birr transfer

Physical CPO & Special CK clearance for high value of CK ( Outgoing)

Up to 1000 Commission ETB 75, above 1,000 ETB plus .05 cents per thousand birr transfer.

Transfer for loan repayment

Free

Cashier Payment Order (CPO)

Upon Issuance commission

 

From A/c holders -/Cheque

50 ETB

From non A/c holders(Cash)

75ETB

Service Charge (for CPO voiding) for Account holders

150

Service Charge (for CPO voiding) for non – Account holders

250

Replacement or cancellation of lost CPO  

 

From Account Holder

25ETB

From Non Account holder

50ETB

Refunding lost CPO

 

Commission  for account holder

100

Commission  for account holder

200

Payment of CPO

 

encashment for beneficiary/ credit to account

Free

Cheque Books

25 leaves

50ETB

50 leaves

100ETB

100 leaves

150ETB

Special checks clearance charge per cheque ( Incoming)

Free

 

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

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

Pre-shipment against DBE guarantee

Regardless of the duration

Up to 10.00%

Advance against Import Bills

For 90 days

Up to 19.50%

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%

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

 
 

Revaluation  to meet procedural requirement

              1,000.00

 

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

 

 

No.

Types of Services

Charges for Settlement from LCY  Accounts

Charges for Settlement from FDI and Exporters FCY Accounts

Charges for Settlement from

Diaspora and Other FCY Account

Notes and Conditions

  1.  

Import Letter of Credit (L/C – sight)

 

 

1

 

Opening LC

1.1

 

Exchange payable to NBE

2.5% to be collected at the time of settlements.

FREE

FREE

 

1.2

Opening Commission

8.25% Min. USD 150

 

Opening Commission 4.75% Min. USD 125

Opening commission

3.75%  If amount  < 100,000

3.5%  If amount  b/n 100,001 – 200,000

3.25%  If amount  b/n 200,001 – 300,000

3% If amount   b/n 300,001 – 500,000

2.75%  If amount  >500,001

Min. USD 125

 

 

1.3

SWIFT Charge

USD 50

USD 50

USD 50

 

1.4

Confirmation Commission (If any)

 

 

3.5% Min. USD 200

 

 

2.5% Min. USD 200

 

2.5% Min. USD 200

Applicable per 90 days on the outstanding amount

1.5

Confirmation Commission (May Add) (If any)

 

 

3.5% Min. USD 200

 

 

2.5% Min. USD 200

 

 

2.5% Min. USD 200

 

Applicable per 90 days on the outstanding amount

1.6

Unpaid Margin Charges (If LC opened by Margin facility)

2.5% on unpaid balance per quarter part thereof

2% on unpaid balance per quarter part thereof

2% on unpaid balance per quarter part thereof

 

2

LC Amendment

2.1

LC Extension Up to 90 Days

 

 

 

 

2.1.1

Extension Within Expiry Period of LC

2.1.1.1

Extension Commission

8.25% Min. USD 150

3.5% Min. USD 125

3.5% Min. USD 125

 

2.1.1.2

SWIFT Charge

USD 50

USD 50

USD 50

 

2.1.1.3

Confirmation Commission (If any)

 

3.5% Min. USD 200

 

2.5% Min. USD 200

 

2.5% Min. USD 200

 

The Charge is applicable on the Outstanding amount and if the extension is requested and approved before the expiration

2.1.1.4

Other Amendments (If any)

USD100

USD100

USD100

 

2.1.2

Extension After Expiry Period of LC

2.1.2.1

Extension Commission

8.5% per quarter Min USD 150

 

5% per quarter Min USD 125

 

5% per quarter Min USD 125

 

 

2.1.2.2

SWIFT Charge

USD 50

USD 50

USD 50

 

2.1.2.3

Other amendments (if any)

USD 50

USD 50

USD 50

 

2.1.2.4

Confirmation Commission (If any)

3.5% Min USD 200

2.5% Min USD 200

2.5% Min USD 200

 

2.2

Increase in LC Amount (TOP UP)

2.2.1

Exchange Commission Payable to NBE

2.5% to be collected at the time of Document settlement

Free

Free

 

2.2.2

Opening Commission

8.25% Min USD 150

4.75% Min USD 125

4.75% Min USD 125

 

2.2.3

SWIFT Charge

USD50

USD50

USD50

 

2.2.4

Confirmation commission (If any)

3.5% Min USD 200

2.5% Min USD 200

2.5% Min USD 200

 

2.2.5

Other amendments (if any)

USD 50

USD 50

USD 50

 

2.3

Other Amendments

2.3.1

Amendment Commission

USD100

USD100

USD100

 

2.3.2

SWIFT charge

USD50

USD50

USD50

 

3

LC Cancellation (For more than 5% of LC value)

3.1

SWIFT Charge

USD50

USD50

USD50

 

3.2

Cancellation Commission

USD 100

USD 100

USD 100

 

4

Settlement of LC

4.1

Handling charges for processing shipping documents arrived after the expiry of the LC

4.1.1

1-5 Days

 

 

 

 

4.1.1.1

Extension commission

8.25% Min 150 USD

4% Min 125 USD

4% Min 125 USD

 

4.1.2

6-30 Days

 

 

 

 

4.1.2.1

Extension commission

9.25% Min 150 USD

4.5% Min 125 USD

4.5% Min 125 USD

 

4.1.3

After 30-90days

 

 

 

 

4.1.3.1

Extension commission

9.75% Min 150 USD

5% Min 125 USD

5% Min 125 USD

 

4.1.3.2

Interest on Advance on Import Bills

 

A. Current lending rate for regular advance

B. “A” plus 3% for penalty rate for advances under NPL

C. For IFB, as per Financing Procedure

A. Current lending rate for regular advance

B. “A” plus 3% for penalty rate for advances under NPL

C. For IFB, as per Financing Procedure

A. Current lending rate for regular advance

B. “A” plus 3% for penalty rate for advances under NPL

C. For IFB, as per Financing Procedure

 

4.2

Excess Drawings

4.2.1

Exchange Commission Payable to NBE

2.5%

Free

Free

 

4.2.2

Opening Commission

8.25% Min 150 USD

3.5% Min 150 USD

3.5% Min 150 USD

 

4.3

Discrepant Documents

4.3.1

Discrepancy Charge

USD150

USD150

USD150

 

4.4

LC-Reopening

 

 

 

 

4.4.1

LC-Reopening Commission

USD200

USD75

USD75

 

4.4.2

Cancelation

USD100

USD100

USD100

 

4.4.3

SWIFT

USD 50

USD 50

USD 50

 

4.4.4

Correspondent bank change request after initial LC advised(at the request of customer)

USD 250

USD 250

USD 250

 

5

Import Letter of Credit Acceptance

5.1

 

Acceptance LC for 90 days or part thereof

8.25%

Minimum USD 250

4%

Minimum USD 250

4%

Minimum USD 250

 

 

5.2

Stamp duty for acceptance LC

1%

1%

1%

 

II

Import under CAD

1

Purchase Order Approval

 

 

 

 

1.1

Purchase Order Approval Commission

8.25% min USD 250 (Must be fully taken at  time of PO approval) and 2.5% on unpaid margin if applicable

 

4% min USD 250

 (Must be fully taken at  time of PO approval) and 2% on unpaid margin if applicable

 

4% min USD 250

 (Must be fully taken at  time of PO approval) and 2% on unpaid margin if applicable and 2% on unpaid margin if applicable

The customer must deposit 100% of the invoice value but manufacturers could be exempted if they get approval from the management

2

Purchase Order Amendment

2.1

Purchase Order Extension

2.1.1

PO Extension Before Expiry

2.1.1.1

Extension Commission

8.25% Min USD 150

4% Min USD 125

4% Min USD 125

 

2.1.2

PO Extension After Expiry

2.1.2.1

Extension Commission

8.25% Min USD 150

4.5% Min USD 125

4.5% Min USD 125

 

2.2

Increased PO (TOP UP)

2.2.1

Approval Commission

8.25% Min USD 150

3.5% Min USD 125

3.5% Min USD 125

Applicable on the increase amount

2.3

Other Amendments

2.3.1

Amendment commission

USD 100

USD 100

USD 100

 

3

Settlement of CAD Documents

3.1

Shipment Made within the expiry date of Purchase Order

3.1.1

Exchange commission payable to NBE

2.5%

Free

Free

 

3.1.2

SWIFT Charge

USD 50

USD 50

USD 50

 

3.1.3

Photocopy Charge

ETB 50

ETB 50

ETB 50

 

3.2

Shipment Made After the Expiry date of Purchase Order

3.2.1

Exchange commission payable to NBE

2.5%

Free

Free

 

3.2.2

Extension Commission

8.25% Min USD 150

5% Min USD 125

5% Min USD 125

 

3.2.3

SWIFT Charge

USD 50

USD 50

USD 50

 

3.2.4

Photocopy Charge

ETB 50

ETB 50

ETB 50

 

3.3

PO Extension Commission (Document handling charge after the expiry of PO)

3.3.1

1-5 days

 

 

 

 

3.3.1.1

Service Charge

8.25% Min USD 150

2.5% Min USD 125

2.5% Min USD 125

 

3.3.2

6-30 days

 

 

 

 

3.3.2.1

Service Charge

8.25% Min USD 150

3% Min USD 125

3% Min USD 125

 

3.3.3

After 30-90days

 

 

 

 

3.3.3.1

Service Charge

8.25% Min USD 150

3% Min USD 125

3% Min USD 125

 

3.3.3.2

Shipment made before purchase order approval (only if it get NBE approval or approval of pertinent authority given by NBE (BANK CEO))

5% Penalty Charges Plus all applicable charges taken for PO Approval Charges minimum USD 150

3% Penalty Charges Plus all applicable charges taken for PO Approval Charges minimum USD 150

3% Penalty Charges Plus all applicable charges taken for PO Approval Charges minimum USD 150

 

3.4

Partial Shipments

 

 

3.4.1

Handling Charge

To be applied on the shipments other than the first shipment

3.4.1.1

Partial Shipment Charge

3.4.1.2

1st partial shipment

Free for the 1st partial shipment

 

Free for the 1st partial shipment

 

Free for the 1st partial shipment

 

 

3.4.1.3

2nd partial shipment

2.5% of the commercial invoice value or Min. USD 150 for 2nd partial shipment

2% of the commercial invoice value or Min. USD 125 for 2nd partial

2% of the commercial invoice value or Min. USD 125 for 2nd partial shipment

 

3.4.1.4

3rd partial shipment

3.5% of the commercial value or Min. USD 175 for the 3rd partial shipment

shipment

3% of the commercial value or Min. USD 150 for the 3rd partial shipment

3% of the commercial value or Min. USD 150 for the 3rd partial shipment

 

3.4.1.5

4th partial shipment and beyond shipment

4.5% of the commercial value or Min. USD 200 for the 4th partial shipment and beyond shipment the percentage for the commercial invoice value will increase equally as the partial documents presented and for minimum charge plus USD 25 calculated from the prior minimum amount

4% of the commercial value or Min. USD 175 for the 4th partial shipment and beyond shipment the percentage for the commercial invoice value will increase equally as the partial documents presented and for minimum charge plus USD 25 calculated from the prior minimum amount

4% of the commercial value or Min. USD 175 for the 4th partial shipment and beyond shipment the percentage for the commercial invoice value will increase equally as the partial documents presented and for minimum charge plus USD 25 calculated from the prior minimum amount

 

3.5

Unpaid/uncollected documents to be returned

3.5.1

Service charge

a)       USD 100 service charge

b) plus USD 50 Swift charge per set of documents

a)       USD 100 service charge

b) plus USD 50 Swift charge per set of documents

a)       USD 100 service charge

plus USD 50 Swift charge per set of documents

 

3.5.2

Postage per  courier

Per courier cost

Per courier cost

Per courier cost

 

3.5.3

Handling Charges (Other banks document received at GB counter)

 

USD 25

 

USD 25

 

USD 25

 

III

Outgoing TT

1

Advance Payment (Import of Goods)

1.1

Exchange Commission payable to NBE

2.5%

Free

Free

 

1.2

Service Charges

 

9.5% Min USD 150

4.75% Min USD 125

4.75% Min USD 125

 

1.3

SWIFT Charge

USD 50

USD 50

USD 50

 

1.4

Photocopy

ETB 20

ETB 20

ETB 20

 

1.5

Amendment on Transfer

USD 75

USD 75

USD 75

 

1.6

Cancellation of Transfer

USD 50

USD 50

USD 50

 

1.7

Inquiry/Reply on Transfer

USD 30

USD 30

USD 30

 

2

Invisible Payment

2.1

Invisible Payment for customers

2.1.1

Exchange Commission payable to NBE

2.5%

Free

Free

 

2.1.2

Service Charges

 

9.5% Min USD 150

4.75% Min USD 125

4.75% Min USD 125

 

2.1.3

SWIFT Charge

 

USD50

USD50

USD50

 

2.1.4

Photocopy

ETB 20

ETB 20

ETB 20

 

2.1.5

Amendment on Transfer

USD 75

USD 75

USD 75

 

2.1.6

Cancellation of Transfer

USD 50

USD 50

USD 50

 

2.1.7

Inquiry/Reply on Transfer

USD 30

USD 30

USD 30

 

2.2

Invisible Payment for staff members

2.2.1

Exchange Commission payable to NBE

 

2.5%

Free

Free

 

2.2.2

Service Charges

 

Free

 

Free

 

Free

Its applicable to non-business purpose only

2.2.3

SWIFT Charge

         USD50

USD50

USD50

 

2.2.4

Photocopy

ETB 20

ETB 20

ETB 20

 

2.2.5

Amendment on Transfer

USD 75

USD 75

USD 75

 

2.2.6

Cancellation of Transfer

USD 50

USD 50

USD 50

 

2.2.7

Inquiry/Reply on Transfer

USD 30

USD 30

USD 30

 

3

Other Charges (Amendment, cancelation, Inquiry/Reply, Retransfer

3.1

SWIFT Charge

USD50

USD50

USD50

 

IV

Sea Freight Charge

1

Exchange Commission payable to NBE

 

2.5%

Free

Free

 

2

Service Charges

10% Min USD 150 and ETB1,0   00 for Inland freight  for all respective mode of payment

3.75% Min USD 150 and ETB1,0   00 for Inland freight for all respective mode of payment

3.75% Min USD150 and ETB 1,0   00 for Inland freight for all respective mode of payment

 

V

Outgoing Foreign Exchange Transfer for ESLSE

1

Exchange Commission NBE

NA

NA

NA

 

2

Service Charge

10.5%

NA

NA

 

VI

Delivery Order

1

Service Charge

 

USD 250 ( Customers must deposit 110% of document value)

 

USD 250 ( Customers must deposit 100% of document value)

 

USD 250 ( Customers must deposit 100% of document value)

 

VII

Other Charges

1

Charges for issuing Letter to Customs and other organs

ETB1000

ETB1000

ETB1000

 

2

LC/CAD documents transfer to other bank

ETB1000

ETB1000

ETB1000

 

3

Incoming cancelation charge

USD50

USD50

USD50

 

4

Change of method of payment or supplier change

 USD 250 per each request

USD 250 per each request

USD 250 per each request

 

5

Handling charges for the arrival of goods prior to shipping documents (Delivery Order) for LC

USD 300

(Customers must deposit 110% of document value)

USD 300

(Customers must deposit 110% of document value

USD 300

(Customers must deposit 110% of document value)

 

 

6

Issuance of Duplicate permit for lost permit (for all method of payments),

USD 250 per each request

USD 250 per each request

USD 250 per each request

 

7

Splitting of permit

USD 350 per each request

USD 350 per each request

USD 350 per each request

 

8

Extension of permit

USD 300 per each request

USD 300 per each request

USD 300 per each request

 

VIII

Commission on Selling FCY Notes for travellers

1

Exchange commission Payable to NBE

 

Free

 

Free

 

Free

 

2

Service Charge

11%

4.5%

4.5%

 

3

Commission on Selling FCY Notes for staff members, for non-business personal issues

Free

Free

Free

 

IX

Custody charge of all documents collected

1

Within 7 days after being advised

Free

Free

Free

 

2

After 7 days but less than 30 days

USD 50

USD 50

USD 50

 

3

After 30 Days

USD 150

USD 150

USD 150

 

4

Documents received directly from the supplier (Without bank channel)

2% Min USD 150 plus all other applicable charges

2% Min USD 125 plus all other applicable charges

2% Min USD 125 plus all other applicable charges

 

IIX

Guarantee

1

Incoming indirect foreign guarantee/commission

1.1

Up to USD 200,000

0.45%

0.45%

0.45%

 

1.2

USD 200,001- USD 400,000

0.30%

0.30%

0.30%

 

1.3

USD 400,001 – USD 600,000

0.20%

0.20%

0.20%

 

1.4

Above USD 600,000

0.15% per quarter Min of USD 200

0.15% per quarter Min of USD 200

0.15% per quarter Min of USD 200

 

1.5

Amendment Commission

USD  200

USD  200

USD  200

 

1.6

Service charge on lodging claims

USD 60

NA

NA

 

2

Extension Commission (for 90 days)

2.1

Up to USD 200,000

0.45%

0.45%

0.45%

 

2.2

USD 200,001-USD 400,000

0.30%

0.30%

0.30%

 

2.3

USD 400,001 – USD 600,000

0.20%

0.20%

0.20%

 

2.4

Above USD 600,000

0.15% per quarter Min of USD 200

0.15% per quarter Min of USD 200

0.15% per quarter Min of USD 200

 

3

Foreign Direct Guarantee

 

 

 

 

3.1

Advising Commission

USD 40

USD 35

USD 40

 

3.2

Extension Commission

USD 40

USD 35

USD 50

 

3.3

SWIFT Transmission

USD 40

USD 35

USD 35

 

3.4

Service Charge for claim lodging

USD 60

USD 60

USD 60

 

3.5

SWIFT charge for claim lodging

USD 35

USD 35

USD 35

 

Exchange Rate
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