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Dashen Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Dashen Bank pays 7% on an easy-access deposit that you can withdraw on demand, which makes it a good home for savings you may need quickly. It suits customers in Ethiopia who want a local bank relationship and a variable rate, and it lends as well as it saves.

Key facts

Best for
Easy-access savings at 7% for people who need their money on demand.
Headline rate
7%↗
Rate type
Variable↗
Minimum deposit
ETB 25↗
Access terms
Withdraw on demand with no notice period; cash, ATM, POS, account-to-account transfer, debit card or mobile and internet transaction↗
Account kind
Easy access↗
Legal entity
Dashen Bank S.C↗
Headquarters
Ethiopia↗
Founded
1995↗
Support channels
Email, Phone, Help-centre↗
Official website
dashenbanksc.com

Loans

APR
13.75% to 22%↗
Loan amount
up to ETB 500,000↗
Lender type
Direct lender↗
Eligibility
Residence and/or work permit; renewed passport for non-resident Ethiopians or renewed passport and yellow card for foreigners of Ethiopian origin; up to 50% of salary considered↗
Loan types
Personal, Car, Student, Secured, Guarantor, BNPL, Business↗
Features
Credit line

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInX

Pros and cons

Pros

  • A minimum deposit of ETB 25 means a small balance can still earn the headline rate.
  • Dashen Bank S.C has traded since 1995 under the National Bank of Ethiopia.
  • Borrowing covers personal, car, student, secured, guarantor, buy-now-pay-later and business loans, plus a credit line.

Cons

  • Support runs on email, phone and help centre only, with no live chat in that list.
  • The variable rate means the 7% headline can be revised, so your return is tied to the bank's pricing.
  • Loan pricing runs 13.75% to 22%, above the 15.5% site median for borrowing, so lending is the weaker side of the offer.
Dashen Bank

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Scored 9.4 / 10 by SumCue.

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Who it suits

  • Ethiopian savers who want 7% on a variable rate and can leave money on deposit without a notice period.
  • Borrowers with a residence and/or work permit who want a personal, car or student loan from a direct lender.
  • People who bank in person: Dashen Bank S.C has been running since 1995 with cash, ATM and point of sale access.

Who should look elsewhere

  • Wise, whose easy-access rate is 3.29%, if a lower headline rate matters more than local on-demand access.
  • bunq, whose easy-access rate is 3.01%, if you would rather sit near the 3% site median than take the 7% Dashen Bank pays.
  • Finteres, whose rates run to 0% to 36%, if you want a spread of rates and choices rather than one easy-access deposit.

Rates and terms

Interest on deposits is 7% and the rate type is variable, so the headline can be revised rather than locked for a term. The same bank's loans carry an APR of 13.75% to 22%, which is the figure to weigh if you are borrowing rather than saving. Because the rate is variable, budget for the possibility that the deposit return changes.

How Dashen Bank compares

Where Dashen Bank is available

Available
Ethiopia
Licence in Ethiopia
National Bank of Ethiopia, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do I get on savings with Dashen Bank?+

Deposits earn 7% and the rate type is variable, so the bank can revise the headline rather than lock it for a term. That is well above the 3% site median, and Dashen Bank sits at 56 on this measure among 488 brands.

Is there a minimum deposit to open the account?+

The minimum deposit is ETB 25 for the easy-access account, so a first balance can stay small. The account is easy access, which means the money remains withdrawable rather than tied to a term, and withdrawals carry no notice period.

Can I get my money out quickly?+

Yes. The deposit is easy access, so money comes out on demand with no notice period. You can take it out as cash, at an ATM, at a point of sale, by account-to-account transfer, with a debit card, or online and by mobile, and help is on email, phone and help centre.

Who regulates the bank and where is it based?+

Dashen Bank S.C is a bank based in Ethiopia, regulated by the National Bank of Ethiopia. It has operated since 1995 under that regulator, so your deposit sits with a local institution rather than a foreign branch, and the regulator is the first place to look if something goes wrong.

Can I borrow from the same bank as well as save?+

Dashen Bank lends as well as taking deposits, and it does so as a direct lender. The APR is 13.75% to 22% and the largest loan amount is up to ETB 500,000. Lending covers personal, car, student, secured, guarantor, buy-now-pay-later and business purposes, so the same relationship can hold a car loan and a deposit balance.

Who can apply for a loan?+

Applicants need a residence and/or work permit. Non-resident Ethiopians are asked for a renewed passport, and foreigners of Ethiopian origin for a renewed passport and a yellow card. Part of your salary counts towards the amount the bank will lend, and the lending side runs as a direct lender.

How do I get help if something goes wrong?+

You can reach the bank on email, phone and help centre, so a help centre sits alongside email and phone for a quick question about a transfer or a rate change. Because the deposit is easy access, you can also check a balance and make a withdrawal through a mobile and internet transaction.

How do typical retail losses compare?+

On this site's data the median retail loss is 70.15%, with a typical spread set by 65.75% and 74.5%. Those figures give a backdrop for judging any savings rate, and Dashen Bank's 7% sits well above the site median.

Sources

  • dashenbanksc.com/company-profile checked September 26, 2026

    Backs: Founded, Headquarters, Licences

    “Dashen Bank was founded by eleven visionary shareholders and veteran bankers with initial capital of Birr 14.9 million in September 1995”

  • dashenbanksc.com/consumer-loan checked September 26, 2026

    Backs: Loan amount, Eligibility, Lender type, Loan types

    “Personal Loan ... Maximum loan amount ETB 500,000”

  • dashenbanksc.com/contact-dashen-bank checked September 26, 2026

    Backs: Support channels

    “Short Code: 6333 ... Email: info@dashenbanksc.com”

  • dashenbanksc.com/corporate-statement checked September 26, 2026

    Backs: Legal entity

    “Copyright (c) 2026 Dashen Bank S.C”

  • dashenbanksc.com/saving-deposit checked September 26, 2026

    Backs: Access terms, Account kind, Minimum deposit, Rate type

    “Can be withdrawn with Cash, ATM, POS, Account to Account transfer, Debit Card, Standing instruction and internet and mobile transaction”

  • dashenbanksc.com/terms-and-tariffs checked September 26, 2026

    Backs: APR, Features, Headline rate

    “Interest Rate on Non-Staff Consumer Loans for deposit and repayment in LCY: 13.75 to 22.00”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Deposit protection.

Dashen Bank

Dashen Bank

Easy-access savings at 7% for people who need their money on demand.

9.4/10See alternatives