Day: April 6, 2022

Coopbank asset hits ETB 100 Billion

Led by unique business model that is, strong emphasis to cooperatives & agro- based businesses coupled with special attention to rural banking and financial inclusion, Coopbank of Oromia has succeeded practically in almost all aspects of financial matrix.
The bank's total capital increased to ETB 10.7 billion after 17 years of successful operations, and its paid-up capital increased to ETB 7.02 billion. Using various deposit mobilization programs, the bank was able to gather ETB 83.02 billion from the conventional and interest-free banking sectors.
The bank allocated loans and advances to its customers engaged in various industries through its 567 branches, more than 80% of which are located in rural areas, resulting in an outstanding balance of ETB 75 billion.
As a bank committed to breakthrough, it is able to realize an asset amounting ETB 100 billion and unlocked another milestone.

The bank would like to thank all stakeholders who contributed, and continue to contribute to its advancement.