Coopbank launches Ethiopia’s first digital lending product named Michu
Cooperative Bank of Oromia & Kifiya Financial Technology announce partnership for the launch of Ethiopia’s first uncollateralized digital lending product, Michu. Addis Ababa, Ethiopia, January…
Coopbank Launches Prize Linked Savings
The Cooperative Bank of Oromia has launched a prize-linked savings program with enticing prizes. For the first time, the bank began the program with the goal of encouraging people to save, and at the…
Coopbank Introduces Farmers’ Savings Account
Ethiopia’s population is believed to be about 108 Million based on some estimates. Around 80-85 percent of its inhabitants live in rural areas and are engaged in agriculture. Frequent drought, lack…
Coopbank and Ethiopian Airlines has Signed a Memorandum of Understanding
Cooperative Bank of Oromia, Ethiopian Airlines Group, and Ethiopian Airlines Group Primary Basic Trade Union has signed a Memorandum of Understanding today at Ethiopian Skylight Hotel. The agreement…
5th Round Forex Award Program Winners
Cooperative Bank of Oromia handed over prizes of The 5th Round Forex Award Program to the winners. The management and employees of the bank and other stakeholders have attended the event that took…
OCFU’s “One-Koo”Modern Coffee Factory Inaugurated
Oromia Coffee Farmers Cooperative Union inaugurated One-Koo coffee processing plant in Galan town whose construction cost 48 Million ETB financed by Cooperative Bank of Oromia. The inauguration…
Coopbank’s Transitional Head quarter Construction Well in Progress
Construction of Cooperative Bank of Oromia’s transitional headquarter, a 16-story building, which was started in the last fiscal year, is advancing as planned and is assumed to be complete in the…
The bank expands IFB service from window-based to branches
Coopbank is currently increasing its number of Interest Free Banking branches to more than 13. Since the country is home to a large number of Muslims, they are not are not interested in using common…
Cooperative Bank of Oromia’s profit rose by 85.47pc to ETB 1.42 billion
Cooperative Bank of Oromia made a record operating profit of ETB 1.42 billion in the 2019/20 fiscal year, a rise of 85.47pc from the last fiscal year. It is the highest in the previous 15 years…