Letter of request to open and operate the account, which shall be signed by the authorized person stated in the memorandum and article of association and bears the companyâ€™s official stamp.

Valid and renewed I.D. card of the authorized person to operate the account.

Tax Identification Number (TIN).

Organizations legally incorporated in the form of:

Partnership

Renewed trade license and investment certificate in the name of the partnership.

Partnership agreement attested, registered and sealed by the Civil Status Documentation and Registration office.

Letter of request to open and operate the account, which shall be signed by the official stamp of the partnership, if any.

Valid and renewed I.D. card of the authorized person to operate the account.

Tax Identification Number (TIN)

Share Company

Renewed trade license in the name of the share company

Memorandum and article of association attested, registered and sealed by
Documents Authentication and Registration Office
Minutes of the board of directors with regard to the opening and operating of the account.

Valid and renewed I.D. cards of the authorized person to operate the account.

Tax Identification Number (TIN).

Public Schools (In case of Addis Ababa City)

Letter of Authority from Addis Ababa City Administration Education bureau or from Kifle Ketema education bureau.
Valid and renewed I.D. Card of the authorized person to operate the account.
Institution for Higher Education (Government owned)
Colleges and University
Letter of authority from Ministry of education or from their respective university.
Letter of authority from the respective university or from regional education bureau as appropriate.
On the strength of the institution letter of request, if the institution is established by proclamation and announced through a 'Negarit Gazeta'.
Valid and renewed I.D. Card of the authorized person to operate the account.

Private schools and colleges

If the private school or college is established in the form of a private limited company, all the required documents stated under iii (1-4) shall be produced and the account shall be opened in the name of school or college.
If the private school or college is established individually, all the required documents stated under ii (1-3) shall be produced and an earmarked current account i.e. in the name of the person and school or college shall be opened.
Valid and renewed I.D. Card of the authorized person to operate the account.

Public Enterprise

Public enterprises shall produce the "Negarit Gazetta" to its establishment.
Letter of appointment of the General Manager by the Board of management
Letter of request to open and operate the account by the general manager
Valid and renewed I.D. Card of authorized signatories.

Cooperative Societies

Cooperatives shall produce:

Certificate of registration issued by the appropriate authority. However, if they are under the process of formation a letter of authority from the respective organizing body to this effect shall be presented.
Approved and registered cooperative's rules and regulations and each page of rules and regulations shall bear the official stamp of the registering body and the cooperatives.
Minutes of member's resolution at the last general assembly. In case, they are under the process of formation a letter of intent signed by all members.
A letter of request by the chairperson to open and operate current account.
Valid and renewed I.D. Card of the authorized person.

Trade union Trade unions shall produce:

Certificate of registration from the Ministry or region bureau of labor and social affairs.
Approved and registered rules and regulations of the trade union. Each page of these rules and regulations shall bear the official stamp of the registering body and trade union bearing the official stamp of the trade union and registering body.
Resolution of the general assembly appointing the executive committee of the trade union bearing the official stamp of the trade union and registering body.
Minutes of the executive committee.
Letter of request by the chairperson to open and operate the account.
Valid and renewed I.D. Card of the authorized signatories.

Associations and club

Associations and clubs could be professional and non-professional such as Teachers, Medical Doctors, women, youth associations, Idir, etc

Associations and clubs shall produce:
Certificate of registration obtained from their respective organizing authority.
Rules and regulations of the associations, which bear the official stamp of the organizing authority and the association of, club itself.
Minutes of members' resolution at the last general assembly appointing the executive committee duly sealed by the organizing authority.
Minute of the executive committee and request letter by the chairperson to open and operate the account.
Letter of request by the chairperson to open and operate the account.
Valid and renewed I.D. Card of the authorized signatories.

Accounts for minors, interdicted persons, bankrupt & firms in liquidation When an account is to be opened in the name of minors, interdicted persons, a bankrupt, firms and the like;

Documents establishing signing authority of a tutor or a commissioner or a liquidator and change thereof should be attested by the branch or District office or legal advisors as appropriate.

When the legal opinion on the authority of the tutor or commissioner or liquidator, as the case maybe, has been obtained a signature card with a name of the signatories has to be maintained.

Accounts for minors

When there is the need to open account in the name of the minors, the following documents should be produced.

Proper application of the guardian for the minor.

Court decision for the appointment of the guardian for the minor.

'Kebele' I.D. card, church certificate or municipality certificate or hospital certificate, etc., which proves the date of birth of the minor.

Proper address of the applicant/guardian.

Embassies

Permit from the National Bank of Ethiopia â€“NBE

An application letter which states manner of operation signed by the head of the delegation (Ambassador)

Diplomatic ID-card or passport of A/c signatories

Diplomats

Permit from the National Bank of Ethiopia â€“NBE
Application letter
Diplomatic ID-card or passport

International organizations

Permit from the National Bank of Ethiopia â€“NBE
Application letter
ID card or passport of account signatories

Foreign investors

Permit from the National Bank of Ethiopia â€“NBE
Memorandum of association (for companies)
Article of association (for companies)
Registration certificate
A letter which states manner of operation and signed by the person for whom the mandate is given by article of association (for companies)
ID card or passport of account signatories

Non Governmental Organizations (NGOs)

Permit from the National Bank of Ethiopia â€“NBE An application letter which states manner of operation from the head office/regional office of the organization
ID card or passport of account signatories

Expatriate employees of international organizations

Permit from the National Bank of Ethiopia â€“NBE
Application letter
Valid and renewed I.D. card from employer organization, or deriving license, or passport or Trade license.
Letter from the employer which confirm that the earning is paid in foreign exchange

Non-resident companies

Permit from the National Bank of Ethiopia â€“NBE
Memorandum of association
Article of association
Registration certificate
A letter which states manner of operation and signed by the person for whom the mandate is given by article of association
ID card or passport of account signatories

Non Resident Ethiopian and Foreign Nationals of Ethiopian origin

Application forms properly filled and signed by the account holder
-For individuals, valid passport and/or identification card of foreign nationals of Ethiopian origin applicant
-For businesses, certificate of ownership entitlement for the organization and/or article and memorandum of association.
-For those who are not in a position to physically present to open the NR account, application duly authenticated by the Ethiopian Embassies, correspondent banks or remittance service providers which proves their identities

Two or more eligible depositors may jointly open a single account.

The foreign currency accounts are to be maintained in the following types of currency only by transfer from another type of non-resident foreign currency account owned by individuals and/or enterprises or receipt through international payment cards/credit cards
- The US Dollar
- Pound Sterling
- Euro

Exporters

Application letter Trade license

Recipients of inward remittances

Application letter

Valid and renewed I.D. card from employer organization, or deriving license, or passport or Trade license.

Evidence which certifies that the applicant is a regular recipient of foreign exchange

Identification Cards (IDs) acceptable to open an account

Kebele ID. card
Farmers Association ID card
Employment and pension ID card
School, College and University ID card
Driving License
Passports
Work or resident permit
Foreign nationals of Ethiopian origin identification card along with valid passport.


News
Exchange Rates
Interest Rates
Publication
Corporate Message
Contact Us
F.A.Q