|
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 |
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 |
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 |
|
|
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 |
|