Coopbank has celebrated the 8th Cooperatives Day, reaffirming its commitment to advancing Ethiopia’s cooperative movement through accessible financial services, technological innovation, and sustainable partnerships.
The celebration featured “Coop-Expo 2026,” where cooperatives and unions showcased their products and services, exchanged best practices, shared experiences, and explored opportunities for innovation and positive change.
Speaking at the event, Coopbank CEO Mr. Deribie Asfaw highlighted the vital role of cooperatives in achieving sustainable development and building an inclusive economy. He emphasized the Bank’s continued efforts to strengthen cooperatives’ capacity, improve operational efficiency, and unlock their potential through modern financial solutions.
Through its financial services and support for cooperative development, Coopbank plays a significant role in strengthening the sector, expanding financial inclusion, and promoting employment creation. Ethiopia’s cooperative movement comprises approximately 90,000 primary cooperatives, 400 unions, and five federations, representing more than 30 million members and creating over four million jobs. Coopbank’s continued engagement helps cooperatives enhance productivity, modernize their operations, and contribute to sustainable economic growth.
Federal Cooperative Commission Commissioner Mr. Getnet Tadesse commended Coopbank for its efforts to expand access to finance for cooperatives. He also highlighted the sector’s potential to empower youth and women, increase productivity, and expand market opportunities.
The event concluded with awards and recognition for outstanding cooperatives and unions in acknowledgment of their achievements and contributions to the cooperative movement.
Through its continued commitment, Coopbank remains dedicated to empowering cooperatives, promoting decent work, and advancing inclusive and sustainable economic development across Ethiopia.