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


Mudharaba Investment: - A partnership between CBO and eligible customer (entrepreneur), and profit shared as per the agreed profit sharing ratio, while loss from investment is born solely by the bank provided that such loss is not due to negligence of the entrepreneur.

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.

Exchange Rates

July 24,2017
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Foreign Remittance