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Dashen Bank

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Website Statistics

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Year of Establishment

1995

Current Operational Area (s)

• Oromiyaa (Dukem, Jima, Nazareth)

• Amhara (Bahir Dar, Dessie, Gondar, Kombolcha)

• Addis Ababa  (in 13 different parts of the city)

• Diredawa

• Southern Nations and Nationalities Peoples Regional State (Awassa, Dilla)

• Tigray (Adigrat, Mekele)

• Harari

Total Number of Branches Opened so far

26 area Banks in 13 major towns of the country.

Total Number of Clients Served so far

140,187

Loan types:

• Term Loan;

• Overdraft;

• Merchandize;

• Advance against import bills;

• Advance against export bills;

• Letter of guarantee;

• Manufacturing Loan;

• Domestic Trade and Services Loan;

• Building and Construction Loan;

• Agro-industry Loan;

• Transport sector Loan.

Lending Rate

Term Loan = 7.5 – 9.5%

Overdraft = 7.5%

Merchandize = 8.0%

Advance against import bills = 7.5%

Advance against export bills = 7.5%

Letter of guarantee = 0.125%  -1% (Service Charge)

Manufacturing Loan  -----

Domestic Trade and Services Loan  -----

Building and Construction Loan  -----

Agro-industry Loan  -----

Transport sector Loan  -----

Loan Term

Loan Type                                     Minimum Loan Term              Maximum Loan Term

• Term Loan                                12 months                                 6 years           

• Overdraft                                    6 months                                  1 year 

• Merchandize                              3 months                                   1 year

• Advance against import bills                 

• Advance against export bills                 

• Letter of guarantee

Collateral Requirement

Project Financing = Building, chattels, Cash collateral; Financial guarantee, etc.

All other Loans = Business mortgage, Personal guarantee and others.

Grace Period and Time needed to process Loans

Loan Category                                          Grace Period             Processing Time____

Project Financing                                      Up to 6 months              2 weeks      

Loan Eligibility Criteria

• Engagement in licensed business;

• Credit worthiness as measured by the 6-Cs of Credit: Character, Capacity, Condition, Collateral, Capital and Consultancy.

Contents of Business Plan to be presented for Loans

• Objective of the Business;

• Past performance;

• Market viability and strategy;

• Financial budget such as sales projection and fixed asset acquisition;

• Financial projections such as cash flows and income statement.

(c) Savings Products

(d) Other Services

• International Banking Services;

• Fund Transfers.

Service Out-let

The services of the Bank are accessible through its branch offices.

Address

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