Bank Code
Ethiopian banks are identified by bank codes assigned by the National Bank of Ethiopia (NBE). Interbank transfers are processed through the Ethiopian Automated Transfer System (EATS), which includes RTGS for high-value and ACH for batch payments.
At a glance
Country
Ethiopia
Identifier
BC
Format
Varies
Used for
Domestic transfers
Format breakdown
CBE
Bank Code
Varies
Institution (e.g. CBE = Commercial Bank of Ethiopia)
001
Branch Code
Varies
Branch identifier
How BC works
The bank code identifies the financial institution, and branch codes are separate. EATS provides real-time settlement for high-value transactions and batch clearing for retail payments. Telebirr, the Ethio Telecom mobile money platform, is rapidly growing.
Where to find yours
In your mobile banking app, on your bank passbook, or by contacting the National Bank of Ethiopia.
Payment systems in Ethiopia
| System | Speed | Description |
|---|---|---|
| EATS (RTGS) | Same day | Ethiopian Automated Transfer System for high-value real-time settlement |
| EATS (ACH) | 1–2 business days | Batch processing for salaries, pensions, and bulk payments |
| Telebirr | Instant | Ethio Telecom mobile money with over 40 million users |
Major banks in Ethiopia
Good to know
Commercial Bank of Ethiopia is the largest bank in the country, holding over 60% of total deposits.
Telebirr has become the fastest-growing mobile money platform in Africa since its 2021 launch.
Ethiopia recently opened its banking sector to foreign investment as part of economic reforms.
Related tools
Other countries
Frequently asked questions
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