Home > Salary > Ethiopia > Senior Commercial Loan Officer
A senior commercial loan officer is responsible for managing and overseeing the lending activities of a financial institution. They evaluate loan applications, analyze financial statements, and assess creditworthiness of potential borrowers. They work closely with clients to understand their financing needs and recommend suitable loan products. Additionally, they negotiate terms and conditions of loans, ensuring compliance with regulatory requirements and internal policies. Senior commercial loan officers also build and maintain relationships with existing customers, identifying opportunities for cross-selling and upselling financial products. They monitor loan portfolios, reviewing performance and addressing any delinquencies or defaults. They stay updated on market trends and industry developments to make informed lending decisions. This role requires strong analytical skills, attention to detail, and excellent communication and negotiation abilities.
Estimated Yearly Salary: 229,799 ETB
Estimated Monthly Salary: 19,150 ETB
Estimated Weekly Salary: 4,419 ETB per week
Estimated Hourly Salary: 110 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 18,520 ETB
Estimated Weekly Salary: 4,274 ETB per week
Estimated Hourly Salary: 107 ETB per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 3,829 USD
Estimated Monthly Salary: 319 USD
Estimated Weekly Salary: 74 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 229,799 ETB
Estimated Monthly Salary: 19,150 ETB
Estimated Weekly Salary: 4,419 ETB per week
Estimated Hourly Salary: 110 ETB per hour
By working as Senior Commercial Loan Officer a person can save up to 242 USD per month or 2,907 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Senior Commercial Loan Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Sales administration director (198,043 ETB per year, pre-tax.)
Tire assembler (53,649 ETB per year, pre-tax.)
Mathematician (116,211 ETB per year, pre-tax.)
Certified tumor registrar (109,533 ETB per year, pre-tax.)
Assistant public defender (102,266 ETB per year, pre-tax.)
Senior Commercial Loan Officer salary in Ethiopia
Average Yearly Salary of Senior Commercial Loan Officer in Ethiopia is approximately 229,799 ETB (3,829 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Commercial Loan Officer do?
A senior commercial loan officer is responsible for managing and overseeing the lending activities of a financial institution. They evaluate loan applications, analyze financial statements, and assess creditworthiness of potential borrowers. They work closely with clients to understand their financing needs and recommend suitable loan products. Additionally, they negotiate terms and conditions of loans, ensuring compliance with regulatory requirements and internal policies. Senior commercial loan officers also build and maintain relationships with existing customers, identifying opportunities for cross-selling and upselling financial products. They monitor loan portfolios, reviewing performance and addressing any delinquencies or defaults. They stay updated on market trends and industry developments to make informed lending decisions. This role requires strong analytical skills, attention to detail, and excellent communication and negotiation abilities.
Skills: commercial lending, credit analysis, loan management, financial services, relationship management, risk assessment
Job industry: Banking
Job industry: Banking
How much does Senior Commercial Loan Officer make?
Salary details
How much does Senior Commercial Loan Officer make?Estimated Yearly Salary: 229,799 ETB
Estimated Monthly Salary: 19,150 ETB
Estimated Weekly Salary: 4,419 ETB per week
Estimated Hourly Salary: 110 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 222,240 ETBEstimated Monthly Salary: 18,520 ETB
Estimated Weekly Salary: 4,274 ETB per week
Estimated Hourly Salary: 107 ETB per hour
Last revision of data: 2024-01-07Senior Commercial Loan Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,829 USD
Estimated Monthly Salary: 319 USD
Estimated Weekly Salary: 74 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Senior Commercial Loan Officer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Commercial Loan Officer in Ethiopia earns on average:
2.18 times the average salary (or 218% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Senior Commercial Loan Officer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Commercial Loan Officer in Ethiopia earns on average:
2.18 times the average salary (or 218% of average salary).
Is Senior Commercial Loan Officer a well paid job?
Yes, our data show that Senior Commercial Loan Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Commercial Loan Officer?
High salary for Senior Commercial Loan Officer would be somewhere between 252,779 ETB and 333,209 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Commercial Loan Officer in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 229,799 ETB
Estimated Monthly Salary: 19,150 ETB
Estimated Weekly Salary: 4,419 ETB per week
Estimated Hourly Salary: 110 ETB per hour
By working as Senior Commercial Loan Officer a person can save up to 242 USD per month or 2,907 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Commercial Loan Officer
Sudan is 1,517 USD
Kenya is 12,021 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Sales administration director (198,043 ETB per year, pre-tax.)
Tire assembler (53,649 ETB per year, pre-tax.)
Mathematician (116,211 ETB per year, pre-tax.)
Certified tumor registrar (109,533 ETB per year, pre-tax.)
Assistant public defender (102,266 ETB per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=ethiopia&job=senior-commercial-loan-officer'><img src='https://optisalary.com/wp-content/graphs/salary/senior-commercial-loan-officer-salary-in-ethiopia-2025.jpg' alt='senior commercial loan officer salary in ethiopia 2025' title='senior commercial loan officer salary in ethiopia 2025' /></a>
Please note:This website presents salary estimates for educational purposes exclusively.
This website compiles salary data for educational use exclusively. While we strive to present correct estimates, we cannot warrant their full precision. Users are strongly advised to check with other sources before making career-related decisions. Salary amounts fluctuate based on several factors, such as location, job role, and individual qualifications. We do not offer any claims as to the correctness of the provided data. Your use of this site indicates agreement of this notice.
The salary estimates on optisalary.com are meant for reference use only. We collect salary data from multiple sources, but cannot guarantee absolute precision. Users should on their own confirm salaries before making financial commitments. Salary variations occur due to industry standards, demand shifts, and location. We disclaim any warranty regarding the validity of the provided salary data. By using this site, you agree that salary data is subject to updates.