Monday, 18 September 2017 14:09

SHASHEMENE DISTRICT

SHASHEMENE DISTRICT
No.Branch Area / ZoneTown Tel. (office)Fax No.
1AdabaW/ArsiAdaba022 663 11 01/08 33022 663 0969
2Arsi NageleW/ArsiArsi Nagele046/1162324/2453046-116-21-80
3AgarfaBaleAgarfa022 227 07 34
4AjjeW/ArsiAjje046-4560560/1
5AwashoW/ArsiShashamane046 211 04 36046 211 12 87
6Dalo ManaBaleDalo Mana022 668 05 76022 668 05 99
7DodolaW/ArsiDodola022 666 03 00022 666 04 20
8GobaBaleGoba022 661 25 40/42022 661 25 39
9GasaraBaleGasara022 462 05 37/39022 462 05 345
10GinnirBaleGinnir022-664-01-95/11-84/022-664-01-93
11GoroBaleGoro046 264 01 81046 264 01 71
12Harufa W/ArsiShashamane046 211 7575046 211 9393
13Harana BuluqBaleHarana Buluq
14Haro DumalBaleHaro Dumal
15HasasaW/ArsiHasasa022-336-00-23/28022-336-09-67
16KofaleW/ArsiKofale011 279 16 30/011 279 2006011 279 17 72
17Mada walabuBaleRobe022 244 43 22022 244 26 11
18RobeBaleRobe022-665-28-71022-665-28-72
19ShashamaneW/ArsiShashamane046 110-50-90 /62-69/13-50046-110-50-91
20Uta WayyuW/ArsiShashamane046-110-12-56/39 98046-110-16-65
21QoreW/ArsiQore046 246 01 80
22WarqaW/ArsiWarqa
23General Waqo GutuE/ArsiShashamane
24JaraBaleJara
25KokosaW/ArsiKokosa
26KuyeraE/ArsiKuyera
27AliBaleAli
28Dalo SabroBaleSabro
29Oda BilibilaE/ArsiShashamane
30Burqa Walabu
31Bishan Guracha

Monday, 18 September 2017 14:05

WESTERN FINFINE DISTRICT

WESTERN FINFINE DISTRICT
No.Branch Area / ZoneTown Tel. (office)Fax No.
1Ayer TenaAyer TenaFinfinne011 369 31 12/08011 369 31 05
2AmboW/ShawaAmbo011 236 21 67/44 72011-236-21-66
3AskoAskoFinfinne011 273 03 72/97011 273 04 19
4Ada'a BargaW/ShawaEnchini011 286 05 92/91 011 286 05 90
5BethelBethelFinfinne011 349 09 02/13,14011 349 06 18
6BurayuSZOSFBurayu 011 284 44 12/13011-284-44-19
7ChanchoSZOSFChancho011 188 01 38/36011 188 01 50
8DaraN/ShawaW/Shawa011115 04 93011 115 05 48
9DawoW/ShawaBusa011 312 04 67/0598011 312 07 99
10Dire EnchiniW/ShawaDire Enchini011 287 04 45/46011 287 04 44
11EjereW/ShawaEjere011 2615954/60
12FicheN/ShawaFiche011- 1350601/10 42011 135 11 15
13FuriSZOSFFuri011 859 28 25
14GinchiW/ShawaGinchi 011 258 08 03/07 13011 2580519
15GedoW/ShawaGedo057 227 02 65/00 49057 227 02 94
16GafarsaSZOSFGafarsa011 260 10 35/10 45011 260 10 15
17GudarW/ShawaGudar011 282 06 75/86011 2 82 04 23
18GujeSZOSFGafarsa011 260 12 55011 260 1664
19Ilu GalanW/ShawaIjaji0575 50 06 09/000575 50 56 04
20Jahan AmayaS/W/ShawaGindo011 315 04 92
21JamoJamoFinfinne011 471 34 69011 471 39 22
22KuyuN/ShawaKuyu011-131-13-62/61011-131-13-63
23Leman S/W/ShawaLeman 011 363 02 55/03 04011 363 02 93
24Sabbata HawasSZOSFSabbata011 338 02 16/ 00 94011 338 01 08
25Sabbata AyoSZOSFAlamgana011 387-07-26/27011 387 07 28
26SulultaSZOSFSululta011-186-04-19/26011-186-04-20
27ShararoN/ShawaDebre Tsige011 133 08 75/0934
28Sodo DachiS/W/ShawaTare
29HolataSZOSFHolata011-237 05 53 /1 215011 237 07 16
30Tullu BolloS/W/ShawaTullu Bollo011 342 08 83/84011 342 08 85
31Meta WalqixeW/ShawaMeta Walqixe011 828 43 540912 77 21 45
32Mida QagniW/ShawaBalami011 315 04 92/ 940113 15 04 80
33Muka TuriN/ShawaMuka Turi011 134 0449/50011 134 04 59
34MuloW/ShawaHoja Dure0111 46 04 92/0322
35MogorW/ShawaMogor011 218 0121
36NonoW/ShawaSilk Amba011 884 58 46/47
37WolkiteSNNPWolkite011-3878145/8146011 365 81 51
38WalisoS/W/ShawaWaliso011-341-17-48/81011-341-17-83
39WasarbiSZOSFWasarbi011 871 16 25
40Liban JawiW/shawaSeyo
41Oda BisilW/shawaBabich
42Wara JarsoN/ShawaGoha Tsion011 187 07 56/88011 187 06 14
43AyetuS/W/ShawaWaliso011 366 48 85
44OchochaSZOSFSabata011 362 45 17
45Odo LibanW/shawaAmbo0112 609805
46ShufuneSZOSFSululta
47OlankomiW/shawaGinichi0112 850505
48AsgoriW/shawaAsgori011 351 03 54
49Malka GafarsaSZOSFBurayu
50Qorke KarabuW/ShawaWaliso
51Torban WaleW/ShawaWaliso011 353 03 99
52Saglan EgguN/ShawaAmbiso
53Karra QoreKarra QoreFinfinne
54Gafarsa NonoSZOSFBurayu
55KutayeW/ShawaAmbo
56Goro QeransaSZOSFHolota
57AbunaW/ShawaGindeberet0116 56 63 01
58JalduW/ShawaGojo011 238 0604
59KombeFinfineFinfinne
60Saden SodoS/W/ShawaArbu Chulule
61LabuLabuFinfinne
62Dire SololiyaSZOSFBurayu
63TajjiW/ShawaTajii0113 39 04 90
64Yaya GulleleN/ShawaYaya Gullele
65Boku Migira BakeS/W/ShawaElefeta
66Qajela DoyoSZOSFBurayu
67Bantu0113 13 04 38 /03 15

Monday, 18 September 2017 11:34

Customers' Account

  • Wadiah Saving Account: - It is an agreement between the Customer and CBO to keep their deposit in the Bank’s custody. It allows easy access for withdrawals whenever needed.
  • Labbaik Saving Account: - is a safe keeping account to be deposited regularly for Hajj and Umrah. The purpose of traveling to Meca Medina, the deposited amount to be available on demand.
  • Wadiah Demand Deposit/Current Account: - is an account which is regarded as trusts or safe keeping and offers the depositors’ safety of their money against the bank’s guarantee to return their funds on demand and is a non-interest bearing account.
  • Mudharabah Unrestricted Investment Account: - is a fund that will be placed in the Bank general pool of Shariah compliant banking activities. In return, the account holder will be entitled to an agreed percentage share of investment income or proportionally bears the loss of capital.
  • Mudharabah Restricted Investment Account: - is a fund that will be specifically utilized to a particular project of the account holder choice. In return, the account holder will be entitled to an agreed percentage share of the investments income or proportionally bears the loss of capital.
  • Wadiah special Accounts: - is a safekeeping account operated by cheque.

Monday, 18 September 2017 11:33

Financing

  • Murabaha Financing: - A contract of promise to sell and to buy commodity, machinery, vehicle etc on agreed profit added to the cost (mark-up).
  • Ijaraha Financing: - is a form of financing applicable to financing and operating leases of properties.
  • Salam: - is a sale whereby the seller undertakes to supply some specific goods to the buyer at a future date in exchange of an advanced price fully paid at spot. Salam is used to finance agricultural like goods.
  • Istisna: - Sales transaction concluded before the commodity came into existence. CBO shall act as a manufacturer or constructor to undertake house construction, plant, power station, roads projects etc as per specification.

 

 

 

 

Monday, 18 September 2017 11:33

Investment

  • Mudharaba Investment: - A partnership between CBO and eligible customer (entrepreneur), profit and loss shared as per the agreed profit sharing ratio.
  • Musharaka Investment: - It is a joint ownership of property or equipment or commercial enterprise. Partner shall share profit as per the agreed ratio while losses are shared in proportion to capital contribution of partner.
  • Diminishing Musharakah: - is a form of co-ownership in which two or more persons (i.e., the bank and the client) share the ownership of a tangible asset in an agreed proportion and one of the co-owners/client undertakes to buy in periodic installments the proportionate share of the other co-owner/bank until the title to such tangible asset is completely transferred to the purchasing co-owner/client.

 

 

 

Monday, 18 September 2017 11:32

Kafala

KAFALA (LETTER OF GUARANTEE FACILITY)

Kafala is a written promise by the bank to compensate (pay sum of money) to the beneficiary (local or foreign) in the event that the obligor fails to honour his/her/its obligations in accordance with the terms and conditions of the guarantee/agreement/contract. Types of Kafala/Letters of Guarantee offered by CBO:

  • Bid Bond
  • Performance Bond
  • Advance Payment Guarantee
  • Retention Payment Guarantee
  • Letters of Indemnity for Missing Documents
  • Customs Duty Guarantee

Monday, 18 September 2017 11:32

Trade Service

  • Wakalah Letter of Credit : - written undertaking by a bank given to the seller at a request and/ or the instructions of the buyer under wakala contract, to make payment or to accept and pay bills of exchange (Draft) drawn by the seller up to a stated sum of money within a prescribed time limit and against stipulated documents provided that the terms and conditions of the credit are complied with.
  • Murabaha Import Letter of Credit : - is a contract whereby CBO buys goods for the customer (applicant) and the customer agrees to later buy the goods from the CBO through a resale at a mark-up price.
  • Musharaka Letter of Credit: - is a contract whereby the value of the letter of credit issued by CBO and the profits of the partnership transaction are shared between CBO and the customer based on an agreed ratio.
  • Wakala Export Letter of Credit: - is a condition where the exporter appoints CBO as his/her agent to collect receivables on his/her behalf.
  • Wakala Documentary Collection (Wakala Cash Against Document - CAD): - It is type of transaction by which importer and exporter conclude a contract, accordingly the exporter deliver documents to the importer through his/her bank to buyer bank through which, the title for purchased goods is released to the buyer after the total sale price is collected in full.
  • Wakala Advance Payment : - a transaction in which an importer makes payment for items to be imported prior to the shipment of goods. The importer must trust that the supplier will ship the product on time and that the goods will be as their agreement because it creates a lot of risk factors for the importers.
  • Wakala Consignment Basis Payment (for Export) : - It is a transaction method in which the local exporter (a consignor) exports the goods to the foreign importer (a trustee) who pays (remit) the exporter only as and when the goods are sold.

 

 

Monday, 18 September 2017 11:30

Mobile and SMS Banking

Mobile and SMS banking allow you to conduct financial transaction using a mobile device like mobile phone or tablet via mobile banking Apps.

Perform online banking using your smart phone or other mobile devices.

Services available:-

 

  • Checking balance
  • Bill payment
  • Fund transfer
  • Mobile text and alert …

 

Bank anywhere at any time.

Monday, 18 September 2017 11:30

Mobile Banking

The Mobile Banking services that will come soon will enable you to access your bank accounts,make fund transfers,payments and balance inquiries as well as get instant notifications on all your accounts linked with MB.

Monday, 18 September 2017 11:29

Online Banking /Internet Banking/

Using electronic payment system conducts a range of financial transactions through our website.

Execute a bunch of financial transactions at CBO on line via the internet.

CBO online services:-

 

  • Search for balance
  • transaction history
  • Acquire e-statements
  • Order new statements
  • Transfer funds
  • Pay bills
  • Receive bills online

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