About us

Executive Management

Executive Management


Deribie Asfaw
President


Ahmed Hassen
VP Corporate Banking


Aman Semir
VP Information Systems


Desalegn Tadesse
VP Retail and SMEs Banking


Gadissa Mamo
VP Finance and Facilities Management


Liko Tolesa


Tafesse Fana
Chief Internal Audit


Gemeda Mi’esso
Chief Risk & Compliance Management


Tafesse Fana
Chief Internal Audit

Gemeda Mi’esso
Chief Risk & Compliance Management


Tadele Tilahun
Senior Director of Strategy Business Communication


Our Customers2


History

History

The history of cooperative banks has been traced back to the financial exclusion faced by many communities in the 19th century. With the industrial revolution, the emerging financial services sector was primarily focused on wealthy individuals and large enterprises in urban areas. The rural population, particularly farmers, small businesses, and the communities they supported, were excluded from financial services. Thus, cooperative banks were originally set up to correct this market failure and to overcome the associated problems of asymmetric information in favor of borrowers.

In respect of Ethiopia, the country has a very low financial service coverage as mainstream financial institutions are heavily tilted towards the urban centers with good physical infrastructure, leaving the rural areas underserved. Traditionally, ‘Equbs’ and ‘Idirs’ are informal institutions that are deeply ingrained in the life communities and have also been serving financial needs of the rural society to some extent. Reluctance and low capacity of the formal financial institutions in the country to serve rural community, a demand-supply gap prevailed in financial market especially in rural areas, coupled with farmers’ awareness to be organized into cooperatives and the increasing need to finance cooperatives called for establishment of a cooperative bank. Furthermore, finance appeared to be the critical bottleneck to sustain the cooperative institutions and ultimately the farmers. It was all these glitches that initiated the inception and establishment of Cooperative Bank of Oromia.

Haile Gebre Lube, regarded as the founding father (proponent) of Ethiopia’s cooperatives, brought the idea of founding the bank for he believed that the best way to fight poverty is through cooperation. Formally establishing a project office in 2002, the bank’s formation was realized with majority of shareholders being the cooperative societies. The bank then is commercially licensed in October 2004 and commenced operations in March 2005. As there is no legal provisions that allow establishment of a cooperative bank in the country, the bank was registered in accordance with article 304 of the commercial code of Ethiopia.

The Bank has broad ownership base and diversified ownership structure. It comprises Cooperatives and Non-Cooperative members. Cooperative member includes Primary Cooperatives, Cooperative Unions and Cooperatives Federation whereas, non-Cooperative members includes Organizations, Associations and individuals.

Currently, the Coopbank is among the leading private banks in Ethiopia with a total asset of more than ETB 55 Billion. The bank has more than 420 branch networks, 6.4 million accountholders, and has created a job opportunity for about 8,000 individuals.


The Coopbank Brand

The Coopbank Brand

Corporate Colour:  Coopbank has Cyan blue as its main color and Black as secondary colour. In addition to that, there is Accent Colors which can be used to accent or contrast to the primary colour for different designs.


Core Values

Core Values

The following set of values will serve to guide the words and actions of all our employees;

  • Integrity
  • Customer Satisfaction
  • Learning Organization
  • Teamwork
  • Cost Consciousness
  • Concern for Community


Mission

Mission

We root our foundation in communities to provide banking solutions that create greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resource and up-to-date technologies to maximize stakeholders’ value.


Vision

Vision

To be the leading private bank in Ethiopia by 2025.


Reflections From The President

Dear valued Shareholders,

In the midst of the current exigent times, our efforts were aimed at delivering maximum value to our esteemed stakeholders through designing fitting and appropriate strategic initiatives. In the fiscal year, we have demonstrated how we should continue to create sustainable growth and stakeholders’ value even in such periods. It was the year in which the bank has diligently focused on building its resiliency and strategically aligning itself in the dynamic business environment.

On the other hand, the fiscal year 2020/21 was the year in which the bank has started to implement its new growth strategy. The strategic focus here is to continue expanding its core resources base, expanding its business channels and enriching operating profits. This was driven by the vision of the bank that enabled a strong move across all organs of the bank and among our key stakeholders.

Our focus in this regard was to extensively leverage the available potential financial resources and market intelligence to create synergies and unique value propositions across our customer segments. Accordingly, the bank enhanced its focus on reviewing and implementing its strategy that enabled it improve its performances in different indicators.

On the other hand, the efforts made to be extensively engaged in digital banking operations led us to improve our digital move during the fiscal year. The drive to provide digital products and fast financial solutions to our customers led us to improve our digital operations that have resulted in the improvement of digital transactions during the fiscal year.

Accordingly, the bank has recorded a resilient financial performance in the year with its balance sheet size growing by 54.9 percent from ETB 52.49 billion in the last year to ETB 81.32 billion.

The bank is endeavoring to continuously be in the heart of the community and hence increased its retail branch network by 49 to 469 branches. Moreover, by recognizing the role of digital innovations to enrich customer offerings and improve the experience and harness the benefits of faster service, the bank laid important attention to the promotion of the digital ecosystem. Accordingly, the bank managed to recruit 17,092 additional merchants and 1.35 million subscribers to Coopay-Ebirr digital banking service.

Since the bank’s commitment to value creation extends beyond creating profits, in the fiscal year, we remained committed to assisting local communities during this challenging time. Aligning with the bank’s Corporate Social Responsibility commitments, we implemented community support activities that aim to reach out and uplift the local economy in different areas of the country.

Accordingly, the bank has supported different organizations working in the community. To name a few of our endeavors in this regard, our longstanding and continued support for Oromia Development Association (ODA) to help provide quality education and encourage highly performing students can be noted. Additionally, the bank has sponsored several books, literatures and supported several humanitarian organizations.

Finally, as we look ahead, I would like to restate our continued commitment to deliver the expectation of our shareholders, as well as our custom- ers, communities and many partners as we all play our own important part in our country’s economic development. By congratulating all our stake- holders for the success gained, it’s an opportune time to extend my apprecia- tion for our hard working employees, our customers and business partners, NBE, and all other stakeholders for your continued commitment.

Thank you,

DERIBIE ASFAW

President


Full Board of Directors

Board of Directors

Dr. Fikru Deksisa Sadesso

Chair Person


Educational Qualification

Ph.D. in Agriculture;
MSc. in Forestry;
MBA IICM-FFAEM
Diploma in professional management
Many trainings

Obbo/Mr. Kebede Asefa Sishah

Deputy Chair Person


Educational Qualification

MSC in Cooperative Marketing (Mekele University);
PGD in cooperative Business Mgt.;
BA in Sociology & Social Admin. ( AAU);
Various development related trainings

Adde/Mrs. Askeberech Belayneh Mengesha

Director


Educational Qualification

MA in Sociology (from RVU university);
BA in Development Management (ECSU)

Elfinesh Alemayehu Tadesse

Director


Educational Qualification

BSC. In Law
Various trainings

Obbo/Mr. Fikadu Dugasa

Director


Educational Qualification

MA in Sociology (from RVU university);
BA in Development Management (ECSU)
Ethiopian Civil Service College

Tefera Anbesa Kuma
Director


Educational Qualification

MA in Sociology (from RVU university);

BA in Development Management (ECSU)

Ethiopian Civil Service College

Obbo/Mr. Abera Halilu Lucho

Director


Educational Qualification

2018-2019: Vice Chairperson & CEO of Biftu Adugna Business;
2012-to date: CEO of Tumsa Endowment and also Tumsa Board member;
2007-2011: Board member and GM of ORTV ;
2006-2007: Communication Bureau Head at ORSGA ;
2002-2006: Vice speaker of Oromia Regional State Council
1996-2002: ORGS Cabinet member of OPDO Central Office;
1990-1996: Others;

Obbo/Mr. Mulugeta Dagne Shiferaw

Director


Educational Qualification

MBA from Paradise Valley University College
BA in Business Management;
Diploma in Cooperative Management from Ardaita ATVET College

Dr. Alemu Sime Feyisa

Director


Educational Qualification

PhD in enterprise mgt (from Chain CU[1] University);
MBA from AAU;
BA in Development Admin. from ECSU;
Diploma In Mathematics form Bahar Dar University

Oumer Wabe Gemeda

Director


Educational Qualification

MSC. from AUA in Animal Breeding
BSC. from AUA in Animal Science;
Various trainings in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.

Obbo/Mr.Garomsa Bayisa Balcha

Director


Educational Qualification

MSC. from AUA in Animal Breeding
BSC. from AUA in Animal Science;
Various trainings in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.

Oumer Wabe Gemeda

Director

Educational Qualification

MSC. from AUA in Animal Breeding
BSC. from AUA in Animal Science;
Various trainings in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.

Obbo/Mr.Garomsa Bayisa Balcha

Director

Educational Qualification

MSC. from AUA in Animal Breeding
BSC. from AUA in Animal Science;
Various trainings in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.

Dr. Alemu Sime Feyisa

Director

Educational Qualification

PhD in enterprise mgt (from Chain CU[1] University);
MBA from AAU;
BA in Development Admin. from ECSU;
Diploma In Mathematics form Bahar Dar University

Oumer Wabe Gemeda

Director

Educational Qualification

MSC. from AUA in Animal Breeding
BSC. from AUA in Animal Science;
Various trainings in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.

Obbo/Mr.Garomsa Bayisa Balcha

Director

Educational Qualification

MSC. from AUA in Animal Breeding
BSC. from AUA in Animal Science;
Various trainings in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.

Dr. Alemu Sime Feyisa

Director

Educational Qualification

PhD in enterprise mgt (from Chain CU[1] University);
MBA from AAU;
BA in Development Admin. from ECSU;
Diploma In Mathematics form Bahar Dar University

Obbo/Mr. Mulugeta Dagne Shiferaw

Director

Educational Qualification

MBA from Paradise Valley University College
BA in Business Management;
Diploma in Cooperative Management from Ardaita ATVET College