1.

5) Demand Deposit Account

Demand Deposit Account (Current or checking account) is a non-interest-bearing account and is

opened or operated by literate customers only and it is operated by cheque book.

1.6) Fixed time Deposit

Fixed time deposit is a type of deposit is a type of deposit, which is received for a certain period
of time without withdrawal and attracts higher interest rate. The minimum period of accepting
fixed time deposit shall be six months. The rates of interest vary according to the duration of the
deposit received i.e., the longer the deposit remains in the bank the higher is the interest rate
earned.

1.7) Foreign Currency Accounts

A foreign currency account is an account in which the source of fund is overseas and can be
maintained in hard currency or in local currency.

The major types of foreign currency accounts are:

 NRNT (non-resident non-transferrable)

 NRT (non-resident Transferable)
 Non-resident Transferable foreign currency account

Addis international bank also planned to open Minor’s Account, Student/Education saving
Account and Consumer goods purchase saving in the coming year.

2) Loan and advances

 Term loan for various sector: Domestic trade and services, Agriculture, Motor vehicle,
Transport service, Building and construction, Manufacturing, Hotel and tourism, Import,
Export, Mining and quarry, Consumer loan, Machinery purchase, Project financing, Loan
buyout
 Merchandise Loan
 Overdraft
 Overdrawal
 Import LC
  Import LC settlement Loan
 Advance on import bills
 Pre-shipment export credit facility
 Advance on export bills (post shipment credit facility)
 Letter of guarantee
 Revolving export credit facility

3) Electronic Banking Services

3.1) Card Banking services

Addis international Bank provides ATM services using ‘Addis card’. Addis card enable you to
access your cash 24/7 and can make transaction using any of the ATMs of all the other banks. In
addition, POS (point of sale) services are coming soon.

Using Addis card, you can:

 Withdraw cash
 Transfer cash from one account to other account
 Check balance (balance inquiry)
 Take mini statement of your account
 Receive money from non-card holders
 Send money to non-card holders, etc.

3.2) Mobile banking services

Addis international banking has launched mobile banking services that allow you to access your
account with your mobile phone.

Using Addis international banking mobile banking services, you can get the following services
any where and any time:

 Money transfer from one account to another,

 Make payment,
 Check account balances,
 Look mini statement of account,
 Order checkbook,
  Know the status of the checkbook ordered,
 Know the daily foreign currency exchange rate, etc.

Agent banking (M-genzeb) and internet banking are coming soon

4) International Banking services

The Bank provides the following foreign trade services:

 Import
 Import Letter of Credit (Documentary credit)
 Cash against document (CAD) or documentary collection
 Import on advance payment
 Export
 Export with advance payment
 Export with documentary collection
 Export LC
 Export on consignment
 Foreign Bank Guarantee Services
 Performance bond
 Advance payment
 Bid bond
 Foreign Exchange Services
 Buying foreign currency
 Selling foreign currency
 Foreign Transfer Services: Western union, Money Gram, Express money, Dehabshil,
Trans fast, Exchange for free, SWIFT
 Corresponding Bank- Addis international bank has corresponding banking relationships
with renowned foreign banks to facilitie its trade services.

5) Local Money Transfer Services

Customers can relative and sent money from/to anyone in the country through Addis
international Bank. In other words, the bank renders money transfer services both incoming and
outgoing to anywhere in the country.

6) Branch Network

Addis International Bank has 48 branches in both Addis Ababa and outlying cities. All branches
are networked with core banking solutions with Omni Enterprise.