Our corporate governance reveals on how the Board has functioned and the structures of governance. The Bank functions under a governance framework that enables the Board to discharge its role of providing oversight and strategic counsel with its responsibility to ensure the Bank’s compliance with regulatory requirements and acceptable risk.
Shareholders’ meetings duly convened and held in line with the Bank’s Articles of Association and existing statutory and regulatory frameworks. It is conducted through a fair and transparent process and also serves as a medium for promoting interaction between Shareholders, the Board, and Management.
Cooperative Bank of Oromia (S.C.) was registered commercially on October 29, 2004 in accordance with article 304 of Commercial Code of Ethiopia. It was established in line with proclamation no. 84/1994 with authorized capital of Birr 300 million. It started operation on 8th march 2005, with paid up share capital of birr 112 million.
Ownership
Cooperative
Non-Cooperative
Mission
Vision
CBO Values
Salient Features
Objectives