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Wegagen Bank

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Ethiopia

Founded in

1997 (28 Years)

Founded

Last online: No recent activity


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0.00

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Traffic & Engagement

1.67

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Security Information

    Note icon

    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know Wegagen Bank

    Wegagen Bank is a private Bank. They provide a wide-range of banking products and services for personal and business customers using our branches, card, and e-banking Channels. They provide personal banking services including agar accounts, admas saving, Goh junior saving, nigat saving for her, diaspora saving, wegagen amana. They provide personal loans, admas loans, consumer loans, diaspora loans. They offer services including agent banking, card banking, ATM banking, internet banking, mobile banking.

    Industry

    • Financial BankingPRIMARY
    • Financial Other Service

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    Social

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