Oromia International Bank

Oromia Bank
Company typeFinancial institution
Founded18 September 2008 (2008-09-18)
HeadquartersAddis Ababa, Ethiopia
Key people
  • Teferi Mekonnen (CEO)
  • Faysel Yassin (Chief Officer, Corporate Banking and Int'l Trade Services)
  • Jote Kenate (Chief Officer, Corporate Strategy and Transformation Mgt)
  • Worku Lema (Chief Officer, Retail and SME Banking)
  • Geleta Bekuma (Chief Officer-IT Infrastructure and Services)
ProductsFinancial services
Number of employees
Over 5,000
Websiteoromiabank.com

Oromia Bank (OB) is a private bank based in Addis Ababa, Ethiopia. It was established on 18 September 2008.[1]

Overview

Oromia Bank S.C began operation on 25 October 2008 with a starting capital of 110 million birr (Br), surpassing the minimum capital requirement by 35 million Br. With its headquarters located in front of Dembel City Centre, near Getu Commercial Center in its own 13 story building on Africa Avenue (Bole Road).

Established with the commercial banking business objectives, OIB provides universal services including deposit mobilization, lending of money, remittance service, and international banking services and interest free banking. The Bank has expanded its digital footprint by launching Electronic banking systems such as Card banking known as Oro-Card (ATM and POS), Mobile Banking named as Oro-Cash, Agent Banking-Oro Agent and Internet banking namely Oro-Click. With a network of 225 branches across Ethiopia, all integrated via a core banking system. OIB has emerged as one of the country's most influential private banks and a pioneer in interest-free banking.

See also

References

  1. ^ "Oromia Bank S.C".


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