Bank of Abyssinia

February 15, 1906 marked the beginning of banking in Ethiopia when the first Bank of Abyssinia was inaugurated by Emperor Menelik II.

abyssiniaoldIt was a private bank whose shares were sold in Addis Ababa, New York, Paris, London, and Vienna. One of the first projects financed by the bank was the Franco-Ethiopian Railway which reached Addis Ababa in 1917. In 1931, Emperor Haile Selassie introduced reforms into the banking system and the Bank of Abyssinia became the Bank of Ethiopia, a fully government-owned bank providing central and commercial banking services. Read More...



Deposit Services

Savings account is an interest bearing deposit.  ...Read More


Demostic banking

Our domestic banking services are designed to

help our customers grow their funds... Read More 

Correspondent banks

BOA today has maintained correspondent bank accounts with 12 well known international foreign banks operated in USA, EUROPE, MIDDLE EAST, AND AFRICA


                  ..Read More


Money Transfer

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  exchange rate  date April 08,14


Currency Buying Selling
1 USD 19.32 19.71
1 Euro 26.53 27.07
1 Pound 32.07 32.71
1 Derham 5.26 5.36

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