Nov 6 , 2021
Dashen Bank has launched an outbound card, dubbed the Dashen American Express International Debit Card, in partnership with American Express. The card is catered towards Dashen's clients travelling abroad, enabling them access to foreign currency. The Bank targets clients with high foreign currency yields, international corporations, and prominent customers frequently travelling overseas. A customer who meets the know your customer (KYC) requirements and is not on the sanction list of the United Nations or the US is eligible for the card, the Bank announced. Dashen recorded 1.54 billion Br in net profit in 2019/20, while its paid-up capital grew to 3.5 billion Birr over the same period.
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