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News

Check out News and articles about the Bank, app updates, events and more interesting information from the digital world at your fingertips.

We understand the unique financing needs of SMEs and MSMEs. That's why we offer competitive interest rates to timely meet your financing needs. Our intuitive Efoyta application makes it easy to apply for a business loan in just a few minutes. Simply provide some basic information about your business, and our advanced algorithms will assess your eligibility and provide a decision quickly. Our team of experienced lending specialists is here to guide you through the process every step of the way.

Wegagen Bank provides loan to employees of companies that are corporate customer. The loan facilities provided includes household items, vehicles and houses, with relaxed repayment schedules extending from mid to long term, depending on the loan. or this product targets employees of companies or institutions currently working with the Bank or potential customers (such as, International Organizations, Embassies, NGOs and micro-finance institutions, etc.)

For purchase of a vehicle the customer should deposit 10% of the value initially, and additional 15% within the first six months and the remaining 15% in the next six months. Then after, the Bank provides loan for the remaining 60% of the value.
For purchase of a house the customer should deposit 10% of the value initially and additional 10% within the first six months and the remaining 10% ... More

Exchange Rate For Cash Notes

27th July 2024	Code	Unit	Buying	Selling
	USD	1	57.2120	58.3562
	GBP	1	69.2475	70.6325
	EURO	1	61.1024	62.3244
	CAD	1	37.5930	38.3449
	AUD	1	34.1883	34.8721

WFP- Ethiopia

"As the largest humanitarian organization worldwide and with vast Food for Education, Refugees, Emergency, Targeted supplementary Feeding, SafetyNet and HIV.AIDS…"