Coopbank is ready to support on every level of your endeavors back home with practical knowledge of country specific business practices.
- It is a deposit account designed for Ethiopians and foreigners of Ethiopian origin living in Diaspora to open and use foreign currency account with a bank in their home country.
- Individuals and companies, that have head offices in foreign countries, can open this account.
Mortgage/ Home loan is a secured Long-Term Loans provided to Ethiopian diaspora communities to purchase or construct real estate and homes in Ethiopia. The loan product is available to eligible Ethiopian Diasporas with verifiable and steady incomes.
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Important Information for Diaspora
some useful diaspora resources
Foreign Exchange Rate
Foreign Exchange Rate is defined as the price of the domestic currency with respect to another currency. The purpose of foreign exchange is to compare one currency with another for showing their relative values.
Trade Registration and Licensing
Obtaining a business license in Ethiopia. The Ministry of Trade and Industry is the main institution responsible for registering a business in Ethiopia.
National Bank Directives
The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. Prior to this proclamation, the Bank used to carry out dual activities, i.e. commercial banking and central banking.
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