Home

United Bank

FeMSEDA  I  ReMSEDA  I  Chambers  I  Finance  I   BDS providers  I  Networks I  Associations  I  NGO/Projects

Website Statistics

Finance-Home  I  Banks  I  Micro-Finance  I  Insurances

Year of Establishment

1998

Current Operational Area (s)

• Oromiyaa (Nazareth)

• Amhara (Gondar)

• Addis Ababa (Beklo Bet, Birr Amba Branch, Mehal Arada branch, Misrak branch, Menahheria branch, Meerab Gebeya branch, Bole branch, Fasil branch, Tekle Himanot branch, Hilto Addis agency).

Total Number clients served so far  20,000

Total Number of Branches Opened so far  14 branches including an agency office at the Hilton Hotel

Loan types:

Loan Term:

Minimum = 36 months   I   Maximum = 3 months

Grace Period

21 days for Export and Import Letter of Credits.

Lending Rate

• Domestic Trade loan = 7 – 8%

• Export Trade Loan (Letter of Credit) = 7.5 – 8%

• Import Trade Loan (Letter of Credit) = 7.5 – 8%

• Transport Loan = 8 – 8.5%

• Building and Construction Loan = 8 – 8.5%

• Personal Loan = 8.5 – 9%

• §Manufacturing Loan = 7.5 – 8%

Collateral Requirement

• Domestic Trade loan = Building

• Export Trade Loan (Letter of Credit) = Export LC Document

• Import Trade Loan (Letter of Credit) = Import LC Document

• Transport Loan = Not specified

• Building and Construction Loan = Building

• Personal Loan = Not specified

• Manufacturing Loan = Not specified

Loan Eligibility Criteria

• Renewed business/trade license;

• Presentation of Business Plan (Financial Statements of the Business);

• Memorandum and Articles of Association (for legally registered organizations);

• Collateral.

Business Plan

A borrower is required to present a Business Plan that mainly contains:

• Source of Finance (supported by cash flow statement);

• Name of the sector that the loan is required;

• Purpose of the loan.

The Loan Application Form  No

Who is Eligible for the Services of the Bank?

Financing Micro and Small Enterprise Sector Operators

The Bank is financing small and medium scale enterprises with building as a collateral.

Plan to avail loan fund to Micro Finance Institutions (MFIs)

The Bank has no such provision at present.

Financing New Business Start-ups such as college graduates and school dropouts:  No

 (c) Savings Products

(d) Other Services

Service Out-let

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

Address

Finance-Home  I  Banks  I  Micro-Finance  I  Insurances