bank interview questions and answers pdf in ethiopia

commercial bank of Ethiopia interview question and answer 2022 bank interview questions and answers

Interviews for Top Jobs at Commercial Bank of Ethiopia

Legal Trainee Interview

Banker Interview

PERSONAL INTERVIEWS AND REQUIREMENTS: -The most and the first thing is CONFIDENCE! -Keep your protocol as much as possible. -Do not open the door until you get permission to open it(get in!) and when u enter in z room, you must have good facial expression. -until z interviewer allows to sit, you must have not sit. -when they say welcome, it is better to say thank you! rather than well stay. -when they say have a sit, say thank you! and sit after sitting give good eye contact to z interviewer’s & follow sensitively who of them will start z interview. -Have a Good dressing.COMMON INTERVIEW QUESTIONS ABOUT BANK -What is the difference b/n bank and banking? -what is banking? -what is bank service and what are the services delivered by cbe ? -What are the types of deposits? -what are the values, visions and missions of CBE? -What does it mean world class commercial bank of Ethiopia? -what is the objective of CBE? -what is the major role and contribution of CBE for individuals and for the over all country’s economy? -what makes national bank different from commercial bank? -what are the major institutions for which the CBE gives service in collaboration with the out side world? -Why cbe expands its branches throughout out the country? -Why cbe bears interest to depositors , while the deposit is the liability of the bank?PERSONAL QUESTIONS – introduce your self -What is your future plan? -what is your weakness and strength? -if it happens some quarrel among staff members what will you do on the conflict resolution ? -what are your special qualities and talents? -what is your motive for your engagement as a candidate in CBE? -How much salary do you expect from cbe? -Do you have a computer skill and have you take a computer related courses in connection with your field’s?COURSE RELATED QUESTIONS FOR THOSE ACCOUNTING AND FINANCE GRADUATES: -What are the types of financial statements? And define them. -what is the concept of cash flow statement? -what are the GAAP principles? and define three/ four of them. -What is the difference b/n withdrawal and expense? -what is the d/ce b/n real account and nominal account? -What is the d/ce among financial accounting, cost accounting and management accounting? -What are the project evaluation techniques and define them? -From those project evaluation techniques which technique is the most preferable and why? -what are the steps of accounting cycle? -What is depreciation? -What are the methods of depreciation? -Which method is known as accelerated depreciation method? -What is bank reconciliation and steps of bank reconciliation? -What items are recorded at bank side? -What is z d/ce b/n simple interest and compound interest? -What is the d/ce b/n accrual and deferral? -What is the difference b/n finance and accounting? -what are the inventory systems and methods? -What is the difference b/n capital expenditure and revenue expenditure? -Define the term partnership and corporation with their properties? -What is petty cash?

What is ‘balloon payment’? The ‘balloon payment’ is the final lump sum payment that is due. When the entire loan payment is not amortized over the life of the loan, the remaining balance is due as the final repayment to the lender. Balloon payment can occur within an adjustable rate or fixed rate mortgage.

Do bank charge for ‘overdraft protection’ service? Yes, bank will charge on ‘overdraft protection’ services but the charges will be applicable only when you start using the service.

What is investment banking? Investment banking manages portfolios of financial assets, commodity and currency, fixed income, corporate finance, corporate advisory services for mergers and acquisitions, debt and equity writing etc.

How bank earns profit? The bank earns profit in various ways a) Banking value chain b) Accepting deposit c) Providing funds to borrowers on interest d) Interest spread e) Additional charges on services like checking account maintenance, online bill payment, ATM transaction

1. What are the types of financial statements? And define them. 2. what is the concept of cash flow statement? 3. what are the GAAP principles? and define three/ four of them. 4. What is the difference b/n withdrawal and expense? 5. what is the d/ce b/n real account and nominal account? 6. What is the d/ce among financial accounting, cost accounting and management accounting? 7. What are the project evaluation techniques and define them? 8. From those project evaluation techniques which technique is the most preferable and why? 9. what are the steps of accounting cycle? 10. What is depreciation? 11. What are the methods of depreciation? 12. Which method is known as accelerated depreciation method? 13. What is bank reconciliation and steps of bank reconciliation? 14. What items are recorded at bank side? 15. What is z d/ce b/n simple interest and compound interest? 16. What is the d/ce b/n accrual and deferral? 17. What is the difference b/n finance and accounting? 18. what are the inventory systems and methods? 19. What is the difference b/n capital expenditure and revenue expenditure? 20. Define the term partnership and corporation with their properties? 21. What Is Petty Cash?

1. The most and the first thing is CONFIDENCE. 2. Keep your protocol as much as possible. 3. Do not open the door until you get permission to open it(get in!) and when u enter in z room, you must have good facial expression. 4. until z interviewer allows to sit, you must have not sit. 5. when they say welcome, it is better to say thank you! rather than wellstay. 6. when they say have a sit, say thank you! and sit after sitting give good eye contact to z interviewers & follow sensitively who of them will start z interview. 7. Have a Good dressing.

1. What is the difference b/n bank and banking? 2. what is banking? 3. what is bank service and what are the services delivered by the Bank ? 4. What are the types of deposits? 5. what are the values, visions and missions of the Bank? 6. What does mean world class commercial bank of Ethiopia? 7. what is the objective of the Bank? 8. what is the major role and contribution of the Bank for individuals and for the over all countrys economy? 9. what makes national bank different from commercial bank? 10. what are the major institutions for which the Bank gives service in collaboration with the outside world? 11. Why the Bank expands its branches throughout out the country? 12. Why the Bank bears interest to depisitors , while the deposit is the liability of the Bank?

1. Introduce yourself 2. What is your future plan? 3. what is your weakness and strength? 4. if it happens some quarrel among staff members what will you do on the conflict resolution ? 5. what are your special qualities and talents? 6. what is your motive for your engagement as a candidate in the Bank? 7. How much salary do you expect from the Bank? 8. Do you have a computer skill and have you take a computer related courses in connection with your fields?

Top 21 Banking Interview Questions and Answers are:

Question 1: Brief me about yourself?

Answer: It is the first fundamental question that every interviewer asks a candidate to start the conversation and know about the person. So, always be positive and introduce yourself starting with your name, qualification and all the other required information that is important for an interviewer to know. Just complete it within 2 minutes so that it should not be extended as a boring conversation.

Question 2: Why do you want to join the banking sector?

Answer: In this question, be logical and answer it by telling why banking sectors have influenced people with all the facts and figures, ready as to why the banking sector is the fastest-growing sector. Do not start by telling that you want to have a stable career or some personal view. Just make it well versed which can form a correct opinion of your answer.

Question 3: What are the types of accounts in a bank?

Answer: Be straight forward and start your answer by telling the information which can match the question asked by an Interviewer. The types of accounts in banks are:

Question 4: What are the necessary documents a person requires to open an account in a bank?

Answer: As per the RBI advised banks to follow the Know Your Customer (KYC) guidelines where the bank obtains some personal information of the account holder. The primary document that is needed to open an account are photographs, proof of identity proof like Aadhar card or Pan Card etc., and address proof as well.

Question 5: What are the types of Commercial Banks?

Answer: The types of Commercial Banks are:

Question 6: What is the annual percentage rate (APR)?

Answer: APR is known as the Annual percentage rate. It is a charge or interest that the bank imposes on their customers for using their services like loans, credit cards etc. The interest is calculated annually.

Question 7: What is Amortization and negative amortization?

Answer: Amortization refers to the repayment of the loan by instalment to cover principal amount with interest whereas, negative amortization is when the repayment of the loan is less than the loans accumulated interest, then negative amortization takes places.

Question 8: What is the debt to income ratio?

Answer: Debt to income ratio is calculated by dividing a loan applicant’s total debt payment by his gross income.

Question 9: What is loan grading?

Answer: Loan grading is the classification of the loan based on various risks and parameters like repayment risk, borrowers credit history etc. The system places a loan on one to six categories, based on the stability and risk associated with the loan.

Question 10: What do you mean by Co-Maker?

Answer: A person who signs a note to guarantee the payment of the loan on behalf of the main loan applicant’s is known as Co-maker or signer.

Question 11: What is the line of credit?

Answer: Line of credit is an agreement between the bank and a borrower, to provide a certain amount of loans on borrower’s demand. The borrower can withdraw the amount at any moment and pay the interest only on the amount withdraw.

Question 12: How banks earn a profit?

Answer: The bank earns profit in various ways:

Question 13: What is the payroll card?

Answer: Payroll cards are types of smart cards issued by banks to facilitate salary payments between employer and employees. Through payroll card, the employer can load salary payments onto an employee’s smart card, and employee can withdraw the salary even though if he or she doesn’t have an account in the bank.

Question 14: What is the card-based payment?

Answer: There are two types of card payments:

Question 15: What is a Payday loan?

Answer: A Payday loan refers to a small amount and a short term loan available at the high-interest rate.

Question 16: What is a charge off?

Answer: Charge off is a declaration by a lender to a borrower for non- payment of the remaining amount when borrower badly falls into debt. The unpaid amount is settled as a bad debt.

FAQ

How can I introduce myself in bank interview?

• What Are Your Weaknesses? …
• Why Should We Hire You? …
• Why Do You Want to Work Here? …
• What Are Your Goals? …
• Why Did You Leave (or Why Are You Leaving) Your Job? …
• When Were You Most Satisfied in Your Job? …
• What Can You Do for Us That Other Candidates Can’t?

What are the common questions asked in a bank interview?

1. Name. Always begin saying your name, you don’t need to state your full name. …
2. Place. Specify the place you belong to, or living at the moment. …
3. Educational Background and Academic Qualifications. Mention the education you pursued. …
4. Strengths and Weaknesses. …
5. Family. …
6. Hobbies.

How can I pass a bank interview?

• Question 1: Brief me about yourself? …
• Question 2: Why do you want to join the banking sector? …
• Question 3: What are the types of accounts in a bank? …
• Question 4: What are the necessary documents a person requires to open an account in a bank?