United Bank is pleased to introduce Hibir Diaspora, a new service designed to suit the needs of the Diaspora community. The new service package includes, among others, deposit and loan services, for those Ethiopian Nationals or Foreign Nationals of Ethiopia Origin, who are living and working abroad for more than one year.  


I.              Diaspora Deposit Account

Diaspora Deposit accounts can be opened for Ethiopians who are living and working abroad for more than one year and above and/or Foreign Nationals of Ethiopia Origin.

Deposits can be made in one of the following foreign currencies (FYC):  

US Dollar (USD), Pound Sterling/GBP, andEUR.


Types of Diaspora Deposit accounts

  • Diaspora Saving Accounts – it is a saving account converted in to Birr and has an attractive interest rate
  • Diaspora Current Accounts -  deposit account in  Foreign currency
  • Diaspora Fixed Time Accounts – it is fixed time account and deposited with Foreign currency

  To open an Account, the following options are available

  • In person present all the necessary documents to United Bank branches
  • Persons residing abroad can open the account in person, by contacting Untied Bank’s agents  or by directly filling out the application form from the Bank’s website www.unitedbank.com.et, and filling all the required information and presenting documents to the Ethiopian Embassies in their domain for authentication and should be sent to United Bank S.C. via courier.

Documents required

Application forms properly filled and signed by the applicant with 2 recent photograph of the account holder must be attached,

  • Copy of Resident ID and Passport (for Ethiopian national living abroad)
  • Copy of Passport and Ethiopian Origin ID (For Foreign Nationals of Ethiopian Origin)
  • Work permit and authenticated employment contract (for Ethiopian nationals living and working abroad or in due process of leaving abroad for work for more than one year)



II.             Diaspora Loan Accounts

2.1  Diaspora Personal Loan

This is a type of loan that is extended for personal use; such as for the purchase of household items, home renovation, car maintenance, education, medical help, cover wedding costs etc.

2.2  Diaspora Automobile Loan

It is extended for the purchase of automobile; either for personal use or for rental purposes (i.e. code 02 or 03 vehicles). The year of manufacturing for the vehicle shall not exceed 15 years at the time of purchase.

Purpose of Vehicle State of the vehicle FCY Equity Contr. Maximum Tenure (years) Interest
FCY Repay’t LCY Repay’t
Code 02 Used >=55% 8 11% 15%
Brand New >=45% 10 10.5% 14.5%
Code 03 Used >=60% 8 12% 15.5%
Brand New >=45% 10 13% 16%

2.3  Diaspora Housing Loan 

Anyone with valid Diaspora ID is entitled for this loan. However, to be entitled for housing loan, the applicant should channel at least 20% of the total loan request amount in acceptable FCY prior to loan approval.

Purpose of Loan FCY Equity Contribution Maximum Tenure (years) Interest
FCY Repay’t LCY Repay’t
Purchase and Construction 20% -30% 15 10% 12.5%
31% – 55% 20 9.25% 11.75%
55 – 65% 20 9% 11.5%
>65% 25 8.5% 10.5%

2.4  Diaspora Direct Investments (DDI) 

United Bank also extends various Diaspora Direct Investments (DDI) packages offering Investments schemes for businesses affiliated to the Diasporas. The DDI loans have lower interest rates and longer loan tenure.


2.4.1.   DDI – Real Estate

DDI-Real Estate loan is extended for real estate developers to be used for building residential or commercial buildings for rent or sale. In order to qualify for the service developers are expected to have an equity contribution made in foreign currency.   


Purpose of the loan Sales Target FCY Equity Cont. Maximum Tenure (years) Interest
FCY Repay’t LCY Repay’t
Build to Sale Diaspora >=10% 10 10% 12%
Local >=30% 10 11.5% 13.5%
Build to let Diaspora/Expat >=20% 10 12.5% 14%
Local >=40% 10 13% 14.5%

2.4.2.   DDI – Manufacturing

DDI Manufacturing loan is meant for manufacturing establishments by the Diaspora with equity contribution made in FCY. The financing will be extended for working capital or project accomplishments.

Purpose of the loan Sales Target FCY Equity Cont. Maximum Tenure (years) Interest
FCY Repay’t LCY Repay’t
Working Cap Export >=10% 4 10% 12%
Local >=30% 4 11.5% 13.5%
Project Export >=20% 10 12.5% 14%
Local >=40% 10 13% 14.5%

2.4.3.   DDI – Movable Economic Asset Financing 

DDI – Movable Economic Asset Financing is a financing option extended to cover the partial cost to purchase Transport vehicles, Equipments and Construction Machineries used for rental or operational purpose with intent to generate income. Those who will qualify for the purpose can purchase these assets for own or third party i.e. family members or others by contributing the equity in FCY.

Minimum FCY Equity Cont. Maximum Tenure (years) Interest
FCY Repay’t LCY Repay’t
40% 5 13% 14.5%

Click to Download Diaspora Account Opening Form Amharic 


Click to Download Diaspora Account Opening Form English 



Bring in all the documents, make your down payments and WAIT for less than just a week to OWN your dream!

For more information please call +251 0906141414 via what’s up, Viber, messenger

በሕብረት ሠርተን በሕብረት እንደግ!

United, We Prosper!