- The applicant should be an Ethiopian and/or foreign nationals of Ethiopian origin residing outside Ethiopia or returnee residing in Ethiopia who lived abroad for more than one year.
- Companies owned by Ethiopians or foreign nationals of Ethiopian origin Diaspora located outside of Ethiopia for more than one year.
- Not listed as delinquent by the NBE for Cheque Mal-operation.
- Not listed in any terrorist financing and/or money laundering blacklist.
- Lion International Bank will finance up to 80% of the value of Mortgage and 60% of the value of a Vehicle to be purchased.
- Customers can open accounts using: US Dollar, Pound Sterling and/or Euro.
To find further information about Diaspora Mortgage and/or Diaspora Vehicles Loan please contact using the following telephone lines:
- Our Credit Department: +251 116 189861 or
- Our International Banking Department: +251 116 62 62 82
Individual
- Two recent passport size photograph
- Valid and Renewed ID card of Kebele or Employer Organization or Driving License or Passport or any other valid ID card.
Individual Trader
- Two recent passport size photograph
- Valid and Renewed ID card of Kebele or Employer Organization or Driving License or Passport or any other valid ID card
- Renewed trade license and principal registration certificate
- Tax Identification Number (TIN)
Private Limited Company
- Renewed trade license and principal registration certificate in the name of the company.
- Memorandum and article of association attested, registered and sealed by Documents Authentication and Registration Office.
- Letter of request to open and operate account, which shall be signed by the authorized person stated in the memorandum and article of association and bears the company’s official stamp.
- Valid and renewed ID card of the authorized person to operate the account.
- Tax Identification Number (TIN).
Share Company
- Certificate of registration
- Renewed trade license in the name of the share company
- Memorandum and article of association attested, registered and sealed by Documents Authentication and Registration Office.
- Minutes of the Board of Directors with regard to the opening and operating of the account.
- Letter of request to open and operate the account, which shall be signed by the Board Chairman and bears the company’s seal.
- Valid and renewed ID cards of the authorized person to operate the account.
- All changes should be made according to the provisions set in the Memorandum and Articles of Association.
- Tax Identification Number (TIN).
You can get adequate information from any Lion International Bank’s branch or from the Credit Department at Head Office.
The Bank has clearly stated in its Credit Processing Procedure that loans can be availed for new businesses so far as the business is legally established, viable and fulfill all the eligibility criteria stipulated in its Credit Processing Procedure. You can get the eligibility criteria for each type of credit product from any Lion International Bank branch or the Credit Department of the Bank.
All customers applying for any type of loan/facility shall fulfill the following general eligibility criteria:
- All persons engaged in lawful trading activities and creditworthy business (es) is/are eligible to borrow business loans.
- All persons who have defined and sustainable source of income are eligible to borrow consumer loans.
- The business credit applicant should present renewed trade license for the current fiscal year or investment license for new projects, principal registration certificate (for companies) and others like municipal license, environmental certificate, and trade name registration certificate, if appropriate.
- All applicants must present a tax identification number /TIN/ or tax exemption certificate for all of their income. Besides, the following parties shall also present TIN:
- Individual applicants (Sole proprietorship and partnership) as well as his/her spouse.
- Major shareholders who owns ≥10% of the total share in a Share Company’s or PLC’s.
- Mortgagor’s and his/her spouse.
- If the shareholders who owns ≥10% of the total share in a share company’s or PLC’s are minors, birth certificate/legally accepted evidence showing same must be presented.
- Receive consent from the applicant and his/her/its guarantor to access their credit information maintained with Credit Reference System (computerized credit reference database system set up by the National Bank of Ethiopia).
- Receive from the applicants/borrowers and their guarantors (mortgagors and personal guarantors) written and signed consents for the sharing of the borrowers’ and the guarantors’ credit information among all other Banks.
- The applicant and/or any of its shareholders/subsidiaries shall fully settle any previous loss to the Bank, if any. To this effect, internal records shall be thoroughly checked. The applicant’s shareholders shall represent all shareholders in case of PLC while major shareholders /top ten/ in case of Share Company.
- The applicant must have never been engaged in tax evasion, or in a breach of exchange and control regulations, or in any other illegal/unlawful dealings, if the information is available/the circulated record is available. Besides, written confirmation of the applicant must be obtained using the standard form designed by the Bank.
- The applicant must have never been engaged in money laundering activities. Besides, written confirmation of the applicant must be obtained using the standard form designed by the Bank.
- The applicant must not have any record of mal-operation of the checking account in the banking system until the rehabilitation period is expired. Besides, written confirmation of the applicant must be obtained using the standard form designed by the Bank.
- The Customer Relationship Manager/Branch Manager or Loan Review and Recovery Officer, as appropriate shall be responsible to request credit information for each credit request from the Credit Information Centre.
- The applicant shall fulfil at least the required minimum equity contribution.
- The applicant and/or any of its major shareholders/subsidiaries must not have any non-performing loans in any bank.
- The applicant’s business must be financially viable, legally acceptable, technically feasible and environmental friendly.
- The applicant must be classified as Grade 1 or 2 or 3. However, in exceptional cases, new or additional credit may be considered for other Grades, if such approval is to the advantage of the Bank.
- Power of attorney, if any.
- Proforma invoices and catalogues from at least three acceptable suppliers, if needed.
- Sales contract, if necessary.
- Bid document or bid award letter, if necessary.
- Resident permit (for foreign borrowers).
- Copy of identity card/s of the applicant.
- Business plan.
- Financial statements.
- Forecasted financial statements (Cash flow, Balance Sheet and Income statement).
- Feasibility studies, if the purpose of the loan is for expansion or rehabilitation of the existing project and for a new project.
- Ownership certificate/title deed/booklet for collateralize properties.
- Architectural plan (Original must be presented and kept in safe custody).
- Structural, Electrical and sanitary plans (originals and copies) shall be presented for G+1 and above buildings, and copies of each shall be verified by the Engineering Division and kept in the loan file under the custody of the respective central processing center.
- Bill of quantity, construction permits and other relevant documents, if any must be presented for construction project loans.
- Memorandum and articles of association, for PLCs and share companies.
- The applicant has to present all the documents/information demanded by the Bank.
- Visit your nearest Lion International Bank branch or agent providing Hello Cash Service
- Fill the account opening form
- Provide a valid copy of ID and two passport size photos
- Agent/bank teller initiates your registration using his/her mobile phone
- System calls you on your mobile phone and creates your account, sends you confirmation SMS, let you choose preferred language, makes you to speak full name so that your voice profile can be recorded and asks you to choose 4 digits PIN for the account.
- You can now start to use the Hello Cash service using your mobile phone.
You could download HelloCash application from Google Play and easily get the service. To download HelloCash application from Google Play use the following link: https://play.google.com/store/apps/details?id=com.ionicframework.HelloCash_Personal702334
Alternatively, please follow the underneath instruction to get the services:
Push Service
Deposit & Withdrawal Alert
All deposit and withdrawal SMS alert will be sent to your phone if the transactions are above ETB 50.00 starting from the date of account opening or after updating your phone number at your branch.
Loan Repayment Reminder
SMS reminder will be sent to external customers 5 days earlier to remind them to pay the repayment amount every month.
Pull Service
Request Balance
Before requesting your account balance, you have to request a PIN code used to verify that you are the owner of the account.
Steps to get PIN code
- Write the word ‘Reg‘ on your mobile phone as SMS message to 8813 and press ‘Send’
- You will get a 4 digit PIN code that you will use every time you request your account balance
Steps to get your account balance
- Write the word ‘Bal‘ plus your PIN code on your mobile phone as SMS message to 8813
(e.g ‘Bal 1234‘ where 1234 is the 4 digit PIN code)
- You will get back the balance of your account at the time of your request
Request Daily Foreign Currency Exchange Rate
You can request the daily buying and selling exchange rate of the day for US Dollar, Euro and UK Pound at Lion International Bank.
Steps to get Daily Foreign Currency Exchange Rate
- Write the word ‘FX‘ on your mobile phone as SMS message to 8813 and press ‘Send’
- You will get buying and selling exchange rate of the day for US Dollar, Euro and UK Pound at Lion International Bank.
Hello Cash can be accessed using your mobile phone through USSD or, if you are using a Android smart phone, by installing the HelloCash Personal app.
To use Hellocash with USSD
To send electronic money from your HelloCash account to someone else’s mobile phone or HelloCash Wallet
- Dial *803*1*Receiver Number*Amount to be sent*PIN Code#
- Press the call button
- You will receive an SMS informing you that the transaction is successful
To buy air time for your phone
- Dial *803*2*1*Airtime Amount*PIN Code#
- Press the call button
- You will receive an SMS informing you that the your airtime has been topped up
To buy air time for someone else’s phone
- Dial *803*2*2*Receiver Phone number*Airtime Amount*PIN Code#
- Press the call button
- You will receive an SMS informing you that the airtime has been topped up
To get the balance of your HelloCash Wallet
- Dial *803*6*1*PIN Code#
- Press the call button
- You will receive balance of your HelloCash Wallet
To change the PIN code
- Dial *803*6*2*PIN Code#
- You will be asked to enter the new 4 digit PIN. After entering the new PIN press ‘Send’.
- You will be asked to confirm the new 4 digit PIN. After entering the new PIN again press ‘Send’.
- You will receive a confirmation message that your PIN code has changed.
You can transfer money from your Saving/Current/Special Saving account to HelloCash Wallet or vice versa as long as you have requested to like your bank account to HelloCash.
To send money from your bank account to your HelloCash Wallet
- Dial *803*8*1*Amount to be sent*PIN Code#
- Press the call button
- You will receive an SMS informing you that the transfer is successful
To send money from your HelloCash Wallet to your bank account
- Dial *803*8*2*Amount to be sent*PIN Code#
- Press the call button
You will receive an SMS informing you that the transfer is successful