Hijira Bank S.C Latest Ethiopian News

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Hijira Bank’s Board Receive Approval

The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on September 14, 2020, under the signature of Frezer Ayalew, director of banking supervision at the central bank, the letter approved the nomination of the 13 board members drawn from the academia, law, ICT, finance and business arenas.

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Hijra Bank to open for business

Hijra Bank the other under formation interest free financial institution announced that it achieved the share sales at the deadline that ended on Monday November 11.
The bank has been effectively going through the formation processes for the past seven months. It has announced the one-billion-birr share sales with half of it or the 500 million birr to be paid.

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ZemZem Bank starts selling shares

ZemZem Bank, whose formation was aborted seven years ago following issues with the central bank, has been resurrected and has restarted its formation process.

The founders of the Bank, who lobbied for the establishment of a full-fledged interest-free bank in Ethiopia, have submitted a letter to the National Bank of Ethiopia to reinstate the formation process.

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Products and Services in Ethiopia

Date: Jun 11, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)43.332444.1990
EuroEuro(EUR)52.731253.7858
Pound SterlingPound Sterling(GBP)61.085762.3074
UAE DirhamUAE Dirham(AED)11.795912.0318
Saudi RiyalSaudi Riyal(SAR)11.553811.7849
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