International Banking

International Banking

  • Zemen Bank’s International Banking (Operations) would offer customized and state-of-the-art products. 
  • At Zemen Bank, you would find innovative, custom-engineered trade finance products and services that meet your requirements in import and export.
  • Zemen Bank is your choice if letter of credit is vital part of your international business.
  • Using our Zemen Super Trade Services would enable our customers to utilize to a wide range of trade financing schemes as:

Export L/C Financing

Import L/C Financing

Custom Import & Export Collection Services

Zemen Bank, offers its customers with Standard and customized collection services for both import and export needs of its customers. We facilitate for both Sight and Acceptance collection.

Inward Documentary collection

Enables its customers benefit from efficient processing of import Collection / Cash against Documents at sight.

Outward Documentary Collection

Benefits Zemen Bank Customers in timely bill payments for exporters.

International Wire Transfers

With Zemen Bank’s wire services, you would benefit instant receipt of foreign remittances such as family remittances, grants, contributions, service payments, business remittances, etc.

We also handle your outward transfers the quickest you could imagine. Choosing Zemen would benefit you enjoy our following products: Money-In-minute & Instant Multi–Currency Transfer: 

Outgoing Foreign Transfer Services for Your personal and business transfers to almost anywhere in the world via our vast network of first class international banks

Forex Service

Zemen Bank is your choice for any foreign Currency exchange. We accommodate multi-currency exchanges via our Money Changer and Accommodation Exchange.

Foreign Currency account for Foreign Entities

It is an account opened for eligible non – residents to facilitate the payments (both in local and foreign currency) by Embassies, foreign business community, international organizations and foreign NGO’s. This account is non-interest-bearing checking account. The balance in this account is kept in foreign currency. A deposit to such account can be made from a transfer in hard currency, foreign cash notes, and a check drawn on a non- resident account. Holders of this account could draw foreign currency for travel purposes for their expatriate missions, transfers abroad, etc. A payment in Birr from this account is also possible.

Retention Account

This is an account dedicated for Exporter of Goods and Services as well as Merchants and /or Entities licensed by NBE to collect cash notes and credit card/debit card/ prepaid card/ for the goods and service they sell. The balance in this account can be used without restriction by the account holder. 

 

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