Month: November 2025
Coopbank Raises Capital to Birr 21 Billion at Its 21st Annual and 12th Extraordinary General Assembly
Coopbank held its 21st Annual General Assembly alongside its 12th Extraordinary General Assembly at Aba Gada Hall in Adama Town. During the meeting, Ms. Meskerem Debebe, Chairperson of the Board of Directors, presented the Bank’s 2024/25 financial and non-financial performance.
As reported, the Bank achieved strong growth during the fiscal year. Total deposits increased by ETB 58.04 billion, reaching ETB 175.2 billion as of September 30, 2025. Total assets rose to ETB 197.4 billion, and profit before tax stood at ETB 2 billion, reflecting the Bank’s continued financial strength.
The non-financial report highlighted key initiatives, including expanded financial inclusion efforts, the impactful progress of the Michu uncollateralized digital lending service for youth and women in MSMEs, increased access to finance for farmers, and continued investments in fixed assets and innovative technologies. These achievements were positively recognized by attendees, with discussions emphasizing the need to build on this progress in the coming year.
In the Extraordinary General Assembly, shareholders approved raising Coopbank’s paid-up capital to ETB 21 billion within one year, in alignment with National Bank of Ethiopia requirements and to further strengthen the Bank’s competitiveness.
The successful assembly reinforces Coopbank’s ongoing commitment to growth, innovation, and community empowerment across Ethiopia.
The 7th Cooperatives Day Celebrated in Adama
The 7th Cooperatives Day was celebrated today in Adama Town under the theme “Driving Inclusive and Sustainable Solutions for a Better World.” Coopbank successfully organized the event, bringing together Cooperative Societies, Unions, the Cooperative Federation, and other key stakeholders from across the country to strengthen collaboration and advance the cooperative movement.
As part of the celebration, Coop-Expo 2025 was launched, showcasing diverse products, innovations, and achievements from cooperative institutions. The expo served as a valuable platform for sharing best practices, encouraging innovation, and enhancing market linkages within the cooperative sector.
The program featured presentations on the vital role of cooperatives in fostering inclusive growth and sustainable development, with discussions underscoring the importance of strengthening services and expanding national impact. Speaking at the event, Mr. Getnet Tadesse, Commissioner of the Federal Cooperative Commission, commended Coopbank’s role, stating:“The efforts of the Coopbank to expand access to finance and empower cooperatives are remarkable.”
Mr. Jamal Kadir, Head of the Oromia Cooperative Expansion Agency, also highlighted the Bank’s commitment, noting:“The Bank is a people’s bank, born from the people, and it has proven its priority time and again.”
Coopbank Board Chair, Ms. Meskerem Debebe, reaffirmed the Bank’s dedication to the cooperative sector and community empowerment. She emphasized that Coopbank will continue to support cooperatives and uplift livelihoods through accessible and impactful financial services.
Coopay E-birr Transactions Surpass ETB 4 Trillion
Coopay E-birr has achieved a remarkable milestone by facilitating transactions exceeding ETB 4 trillion.
As one of Ethiopia’s leading digital mobile payment platforms, Coopay E-birr is redefining how people manage and move their money. From seamless money transfers to convenient bill payments and daily transactions, the platform ensures every process is simple, fast, and secure.
This milestone reflects the trust and confidence of millions of users who rely on Coopay E-birr for their everyday financial needs. With its nationwide reach and innovative technology, Coopay E-birr continues to drive Ethiopia’s progress toward a modern, cashless, and digitally empowered economy.