International Banking Services


Abay Bank provides various kinds of inter­national banking services. Major types of international banking services are:

Export

  • Export under Letter of Credit,
  • Export under Documentary Collections,
  • Export under Advance Payment,
  • Exports on Consignment Basis.

Import

  • Documentary Credit (Import L/C),
  • Documentary Collection (Import CAD),
  • Imports on Advance Payment (TT).

Foreign Bank Guarantee

  • Bid Bond,
  • Performance Bond,
  • Advance Payment,
  • Others.

Correspondent Bank

Abay Bank has established a re­lationship with many international renowned correspondent banks.

Foreign Exchange Services

Abay Bank works on buying and selling vari­ous kinds of foreign currencies.

Diaspora Banking

In line with our objective of “Banking for All,” we have extended our service to Ethio­pian Diaspora that suits their banking needs while they are living and working abroad.

Using Abay Bank Diaspora Banking, you are guaranteed to easily access:

  • Diaspora Accounts,
  • Credit Facilities:
  • Diaspora Mortgage Loan,
  • Diaspora Investment Loan.
  • Insurance Service (the bank acting as a facilitator),
  • Abay Bank’s overseas agents.

Diaspora Mortgage Loan
This service is unique its kind in the sector in which the bank plays as facilitator and arrang­ing the mortgage loan scheme to Diaspora customers to own their dream house by sav­ing any 40% of the cost in foreign currency.

 




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