BUSINESS PURPOSE OF THE BANK:

• Deal in all types of commercial banking activities.
• Accept all types of deposits i.e. savings, demand and time deposits.
• Extend loans, and advances and grant overdraft facilities to customers.
• Draw, accept, discount, buy and sell bills of exchange, drafts and promissory notes payable in or outside Ethiopia.
• Issue or accept cheques and travellers cheques acceptable in or outside Ethiopia.
• Avail financial guarantees.
• Carryout International Banking transactions and engage in inter-bank businesses.
• Lease safes or safe compartments.
• Invest in public and private securities and deal in stock exchange business.
• Act as trustee, share subscription agent and underwriter. 
• Invest funds as appropriate.

MAJOR SERVICES:

• To mobilize deposits in the form of savings, demand and fixed time deposits;
• To grant loans and advances;
• To render international banking services;
• To open and maintain Foreign Currency Accounts for Non-resident Ethiopians, foreigners and foreign organizatioins entitled for such facilities;
• To provide international and local money transfer services and
• To engage in Foreign Exchange transaction services.

Deposit Services:
Normal Deposit Accounts:
The Bank renders normal deposit services namely; saving, demand and fixed time deposits.
Special Deposit Services:

• Minor's Savings Accounts (MSA): These accounts can be opened and operated by parents and/or guardians. Such accounts bear attractive interest rate higher than normal saving accounts.
• Holiday, Vacation & Special Purpose Saving Accounts (HOVASP S/A): These accounts can be opened and operated either by individuals or joint account holders; however, the joint signatories cannot be more than two individuals. Such accounts also bear higher rate of interest than normal saving accounts.
• Special Saving Accounts (SSA): These accounts combine features from savings and checking (demand) accounts. The account holders are provided with cheque books in order to effect a limited number of withdrawals (at the moment five withdrawals per month are allowed). Deposits under this account attract the same rate of interest as the normal savings rate. 
• Special Demand Deposit (Non Interest Bearing Savings) Account: These accounts are operated using a saving Pass Book but do not bear interest. This is specially designed for Muslims who need such facility.

Interest on saving deposits as well as special saving accounts are computed and paid monthly.

Credit Services:
NIB facilitates and gives credit services to those who are engaged in domestic and international trade, industry, transport, construction, hotel, transport and other sectors. The major services are

• Short and medium term loans,
• Merchandise loans,
• Overdraft facilities.

International Banking Services:

• Import and Export Letters of Credit,
• Cash Against Document (CAD),
• Purchase and Sale of Travellers’ cheques,
• Purchase and Sale of Cash Foreign Currencies,
• Issuance of Letters of Guarantees,
• Inward and Outward Money Transfers,
• Maintenance of Accounts in Foreign Currencies for individuals and organizations entitled for such facilities.