Cooperative Bank of Oromia
| Joint stock | |
| Industry | Financial Institution |
| Founded | 29 October 2004 |
| Headquarters | Addis Ababa, Ethiopia |
Key people |
Abera Deressa(PhD), Board Chair Person Wondimagegnehu Negera, President Abbebe Tilahun, VP, Resources and Services_Management Tolasa Beyene, VP, Core Services and Relationship ManagementClick Here to See More |
| Products | Financial services |
Number of employees | 1,698+ (2014) |
| Slogan | Committed to Breakthrough! |
| Website |
www |
Cooperative Bank of Oromia(S.C.) is a full- fledged private commercial bank in Ethiopia. As of December 31, 2014, above 400,000 customers were served through its 130 branches spread throughout the country.Cooperative Bank of Oromia has 9.76 billion ETB Asset, 1.4 billion ETB Capital and 6.73 billion ETB Deposit. Its head quarters are located at central Addis Ababa, Africa Avenue Flamingo area.Cooperative Bank of Oromia 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 300 million ETB. It started operation on 8th march 2005, with paid up share capital of 112 million ETB.
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