Cooperative Bank of Oromia
| Joint stock | |
| Industry | Financial Institution |
| Founded | 29 October 2004 |
| Headquarters | Addis Ababa, Ethiopia |
Key people |
Obbo Abera Hailu, Board Chair Person Obbo Deribie Asfaw, President Obbo Ahmed Hassen, Vice President, Finance and Trade Services Obbo Aman Semir, Vice President, Information Systems ManagementClick Here to See More |
| Products | Financial services |
Number of employees | 2,300+ (2016) |
| Website |
www |
Cooperative Bank of Oromia(S.C.) is a full-fledged private commercial bank in Ethiopia. As of October 2016, the Bank has above 1,000,000 accountholders, more than 200 branch network and has greater than 1,800 agents spread throughout the country. Cooperative Bank of Oromia has ETB 12.4 billion Asset, ETB 1.4 billion Capital and ETB 9.7 billion Deposits. Its headquarter is located at central Addis Ababa, Africa Avenue Flamingo area. The Bank has broad ownership base and diversified ownership structure.
History
CBO was registered commercially on October 29, 2004 in accordance with article 304 of Commercial Code of Ethiopia. It was established in line with proclamation no. 84/1994 with authorized capital of ETB 300 million. It started operation on 8th march 2005, with paid up share capital of ETB 112 million.
Vision
To be competent, reputable and socially responsible Bank in Africa.
Mission
To Provide full-fledged and customer responsive banking services for cooperative societies, individuals, & other entities with special emphasis to agricultural and agro-based businesses financing, and to maximize shareholders value through use of competent and disciplined employee, visionary leaders and modern banking technologies.
References
Cooperative Bank of Oromia Annual Report