Tsedey Bank S.C. is a major private commercial bank operating in Ethiopia under the tagline "Bank for All". It officially transitioned into a full-fledged commercial bank in 2022, building upon a decades-long legacy as the Amhara Credit & Savings Institution (ACSI)—historically recognized as one of the largest microfinance institutions in Africa.
Bank Overview
- Headquarters: Addis Ababa, Ethiopia (with deep operational roots in Bahir Dar)
- Predecessor: Amhara Credit & Savings Institution (ACSI), established in 1995
- Transition Date: Licensed by the National Bank of Ethiopia on January 28, 2022
- Customer Base: Over 12.2 million customers nationwide (including over 1.3 million active loan clients)
- Network Size: More than 620 branches spanning major urban centers and rural regions
- Financial Position: Total assets stand between Birr 74.6 billion and 75.5 billion, with total capital surpassing Birr 13.3 billion
Key Financial Products & Services
- Retail & Microfinance Banking: Blends traditional commercial banking with specialized micro-lending to directly support small businesses, youth entrepreneurs, and farmers.
- Interest-Free Banking: Offers a dedicated brand of Sharia-compliant Islamic banking services alongside conventional options.
- Cultural Savings: Features innovative accounts like the Tsedey Muday Saving Account, which modernizes traditional cultural savings practices.
- International Banking: Provides trade finance facilities and global remittance transfers via the primary SWIFT code
TSDYETAAXXX.
Digital Banking Channels
- Tsedey Mobile Banking App: Available on Google Play for 24/7 account management, funds transfers, utility bill payments, and digital loan applications.
- USSD Feature: Ensures financial inclusion without requiring an internet connection by dialing
*616#. - Digital Identity Verification: Integrates directly with Ethiopia's National ID system via the Tsedey Fayda Portal for secure, seamless customer onboarding.