Baankii Hojii Gamtaa Oromiyaa (W.A)
የኦሮሚያ ኅብረት ሥራ ባንክ (አ.ማ)
Cooperative Bank of Oromia (S.C)
Swift Code: CBORETAA

Overdraft Facility

A form of credit facility by which a customer may be allowed to draw beyond the deposits of its current accounts for the sole purpose of the day-to-day operational needs of a viable and ongoing business.

 

Overdrawal

CBO renders this facility that gives a customer the right to withdraw a specified amount of fund over and above the Overdraft limit in order to meet unexpected seasonal working capital shortage.

Merchandise Loan Facility

It’s a short-term credit facility provided by the Bank against which the merchandise or documentary evidence (negotiable warehouse receipts for goods in warehouse, and original Railway Receipts or Truck-way bills or Airway bills for in transit mechanise items in course of shipments) is held as a pledge or collateral for the loan.

Import Letter of Credit Facility

CBO extends such facility to applicants engaged in the import business, or other applicants who import for various purposes on payment of a certain percentage of the value of the document while opening a Letter of Credit.  

Pre-Shipment Export Credit Facilty

It’s a Facility is extended for purchase of raw materials, processing and converting them into finished goods, warehousing, packing and transporting the goods until the time of shipment.

Revolving Export Credit Facility

A Revolving Export Credit Facility is an advance extended to exporters to bridge their temporary working capital requirement upon presentation of all valid and acceptable export documents, except a bill of loading.

Letter of Guarantee Facility

A letter of guarantee issued by the bank 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. CBO provides guarantee services to both local and foreign customers. Types of Letters of Guarantee rendered by CBO includes:

  • Bid Bond
  • Performance Bond
  • Advance Payment Guarantee
  • Suppliers' Credit Guarantee (Trade Credit Guarantee)
  • Retention Payment Guarantee
  • Customs Duty Guarantee
  • Term Loan

CBO extends short-term, medium-term and long-term Loans.

Exchange Rates

April 24,2017
 BuyingSelling
USD22.8341023.29080
GBP29.2550029.84010
EUR24.4850024.97470
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