Credit Service

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Hibret Bank is a reliable bank with a strong capital base, healthy loan portfolio, and well-experienced management team. The Bank avails a wide range of credit products/services so as to satisfy its customer needs in line with the credit demands of the economy.

Types of Loans Provided by Hibret Bank

  • Term loan
  • Overdraft
  • Letter of credit
  • Merchandise loan
  • Pre-shipment
  • Advance on Import
  • Trade Bill discounting
  • Syndicated loan
  • Letter of Guarantee
  • Personal/Consumer loan


The bank entertains the following types of assets as collateral

  • Buildings (Residential, commercial, Factory),
  • Motor vehicles (Trucks and trailers, Tankers, Buses, Dump Trucks, Automobiles),
  • Construction Machinery and Equipment,
  • Business Mortgage,
  • Cash Deposits (C/A, S/A, CDs),
  • Merchandise (against Physical pledge, MDSE In transit, Warehouse receipts & Against stock list)
  • Negotiable Instruments (Treasury bills, Government bonds, Cash surrender values of Life Insurance Policy)
  • Share Certificates,
  • Guarantees (Bank Guarantee & Personal Guarantee),
  • Government guarantee

Beneficiaries of Credit Facility

facilities. The bank also entertains different types of personal loans for Individuals,  NGOs, Diasporas, Big Depositors, High-value customers, MSMEs, etc. The bank extends credit in the following major business lines:

  • Agriculture sector
  • Domestic Trade
  • International Trade
  • Manufacturing sector
  • Service Sector
  • Transport Sector
  • Construction Sector
  • Hotels & Tourism
  • MSME

Points to Take Note in the Lending Process by Customers

Customers Should Satisfy the Following Criteria

  • Open accounts in the branch where the credit would be requested.
  • Fill an application form mentioning the objective and the amount of the credit.
  • Supplement a renewed trade license and other relevant licenses.
  • Memorandum and articles of association for businesses with legal personalities.
  • Profile of management members
  • Business plan.
  • Businesses with legal personality should submit audited financial statements preferably done by external auditors
  • Financial statements showing the business and financial position.
  • Balance Sheet.
  • Income Statement.
  • Cash flow statement
  • Other relevant documents as deemed necessary by the Bank and NBE.

Obligation of Debtor

  • Providing the bank with accurate information on their business.
  • Requesting and enjoying the amount of loans only to the extent of the requirement of their business.
  • Paying the periodic repayment installment regularly as per the agreement
  • Using the loan to the intended purpose.
  • Seeking for solutions jointly with the bank in case of difficulties to repay loan on time