Coopbank held its 22nd Ordinary General Assembly of Shareholders at Galma Abbaa Gadaa in Adama City, bringing together shareholders to review the Bank’s performance, assess key achievements, and discuss strategic directions for continued growth.
During the assembly, Mr. Abnet Tarekegn, Vice Chairperson of the Board of Directors, presented the Bank’s performance report for the 2025/26 fiscal year, highlighting progress in digital financial services, agricultural financing, digital lending, deposit mobilization, and foreign exchange earnings.
Digital Financial Services: Coopay E-birr reached 22.3 million users, with wallet savings totaling ETB 5 billion. The platform facilitated 987.03 million digital transactions, with a total transaction value of ETB 2.74 trillion.
Agricultural Financing: The Bank disbursed more than ETB 6 billion in digital agricultural loans to over 67,000 farmers, expanding access to finance for the agricultural sector.
Michu Digital Loans: Michu disbursed more than ETB 60 billion through approximately 3.169 million loan accounts, supporting micro, small, and medium enterprises (MSMEs) and promoting entrepreneurship.
Deposit Mobilization: The Bank secured ETB 18.07 billion in additional deposits, bringing total deposits across conventional and interest free banking services to ETB 193.26 billion.
Foreign Exchange and Profitability: Coopbank generated USD 570.8 million in foreign exchange earnings and recorded a profit before tax of ETB 11.47 billion.
The assembly reviewed the presented report and other agenda items, providing direction for the Bank’s future priorities and continued institutional growth.
The successful conclusion of the 22nd Ordinary General Assembly reaffirmed Coopbank’s commitment to financial innovation, inclusive growth, and sustainable value creation for its shareholders, customers, and the communities it serves.