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Subcommittees
Board Risk & Compliance Sub-Committee
Fikadu Dugasa
Education
- BSC in Cooperative Business Management-Ambo University);
Experience
- Various training in (Coop mgt., coffee production & quality improvement) Jan. 1998 to date: GM of Limu Enaria Farmers’ Multipurpose Cooperative Union ;
- Jan 1988 to Jan 1998: Agricultural Extension Expert Limu Kosa District, Agricultural Development Office, Oromia Agricultural and Rural Development Bureau;
Kebede Asefa
Educaiton
- MSC in Cooperative Marketing (Mekele University);
- PGD in cooperative Business Mgt.;
- BA in Sociology & Social Admin. ( AAU);
- Various development related training
Experience
- March 2018 to date: Program Associate-smallholders support at WFP :
- Dec. 2012 to Feb. 2018: Program Assistant of purchase for progress (F4P) program:;
- August 2009 to Nov. 2012: Program officer UNDP at United Nations Volunteers ( UNV);
- Sept 1988 to June 2009: Acting Head of Coop Promotion Work Process; Program Coordinator-RUFIP; Head of Zonal Coop Prom Dept., Junior Expert coop promotion at OCPA ;
Garomsa Bayisa
Education
- MBA-from RVU ;
- BSC. In Agr. Econ form Haramaya University;
Experience
- August 2018 to date: GM at Ambo FCU ;
- June 2006 to May 20018: Marketing Manager and HR and Materials Management Head respectively at Ambo FCU ;
- Nov. 2006 to May 2018: Planning Expert in WSZAO ;
- Sept. 2003 to Jan. 2005: Expert on Agroforestry and Rural Land Administration at West Showa Zone Agricultural and Rural Development Office;
- July 1997 to August 2003: Head of Marketing and Loan Team at District Cooperative Promotion Office;
Board of Human Resource Affairs Sub-committee
Mulugeta Dagne
Education
- MBA from Paradise Valley University College
- BA in Business Management;
- Diploma in Cooperative Management from Ardaita ATVET College
Experience
- April 2012 to date: GM of Wonji Sugarcane growers’ Cooperative Union;
- Dec. 2009 to Jan. 2012: Deputy Head of District Coop Promotion Office;
- Jan 2008 to Nov 2009 : Team leader of District Cooperative Promotion Office ;
- August 2005 to Sept. 2008: Coop Promotion Expert to at District Coop. Promotion Office;
Abera Halilu
Education
- BA in OD ; (from International Leadership Institute)
Diploma in Law (from ECSU );
Experience
- 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;
Elfinesh Alemayehu
Education
- BSC. In Law
- Various training
Experiance
- Current: East Wellega Zone Public Service and Human Resources Development Officer
- 21 yrs of service (District Women Affairs, Communication Office manager, Zonal Women Association Chairperson, Zonal communication vice manager);
Audit Board Sub-committee
Tefera Anbesa
Education
- BA in Coop Business Mgt. from Ambo University;
- Diploma in Accounting from Alfa University College
- Diploma (in Basic Computer);
- Training on (IFRS, training methodologies, other TOT and coop mgt. training) Sept. 2017 to date: GM of Yhaenu PLC;
Experience
- August 2016 to August 2017: Coop. Project Capacity Building Coordinator at Adriot Consultancy Service ;
- June 2006 to July 2016: Team Leader of Agricultural Coop. Devt. at Zonal Office and Regional OCPA respectively;
Oumer Wabe
Education
- BSC. from AUA in Animal Science;
- Various training in leadership, Governance, BPR, Change agent, TQM, Personnel Management, etc.
Experience
- Nov. 2015 to date: GM at OCFCU;
- Dec. to Nov. 2015 (Dean: of Alage ATVET ) and May 2006 to Dec. 2008 (dean of Agarafa ATVET) respectively ;
- Jan. 2004 to Jan. 2006: Project Executants at DGIS-WWF Ethiopia Project ;
- Nov. 1994 to Jan. 2004: Zonal Agricultural Dept. Head at OADB ;
Sept. 1988 to Oct. 1994: Other in MOA:
Askeberech Belayneh
Education
- BA in Development Management (ECSU )
Experience
- August 2015 to date: GM at Oromia Agricultural Coop Federation;
- July 2011 to Jan. 2015: Chairperson of Oromia Women Association;
- Jan. 2008 to June 2011: Advisor at Oromia Labor and Social Affairs Bureau;
- March 2001 to August 2004: Head, District Finance Office;
Shariah Advisory Committee
Shariah Advisory Committee
Shaikh Salih Nur Ahmed
SAC Chairperson
Dr. Mohammed Salih Jamal
SAC Member
Ustaz Kamil Shemsu Sirai
SAC Deputy Chairperson
Dr. Jibril Qamar Adam
SAC Member
Shaikh Alfadi Ali Mustefa
SAC Member
Media Gallery
Media Gallery
Coopbank Unveils Michu 2.0: Transforming Digital Lending
Coopbank celebrates 18th anniversary, marks another milestone in fixed asset formation
Coopbank is celebrating its 17th Years anniversary
Coopbank delivers donations to drought victims in different Oromia Zone's
Cooperative Bank of Oromia has started Collateralized Commodity Financing (CCF) for the first time in Ethiopia.
Cooperative Bank of Oromia signed a memorandum of understanding with Jimma University
Fund-raising has been organized by the Coopbank Employees to support Artist Hachalu Hundessa’s family
The launch of Michu Uncollateralized Digital Lending Product in Pictures
17th Shareholders' General Assembly
Board of Directors
Board of Directors
Fikru Deksisa Sadesso (PhD)
Chair Person
Educational Qualification
PhD in Agricultural (Voronez Institute of Forestry- Russian Federation);
MBA FFAEM-IICM
BA in Business Mgt-Bahir Dar University
Diploma in professional management,
Professional Certificates and various relevant trainings
Fikadu Dugassa Gudeta
Deputy Chair Person
Educational Qualification
BA in Cooperative Business Management-Ambo University);
Diploma in General Agriculture from Jimma University;
Various trainings in (Coop mgt., coffee production & quality improvement)
Ararsa Regassa Fayissa
Member
Educational Qualification
MSc in Farm Forestry from Swedish University of Agricultural Sciences
BSc in Forestry from Haramaya University of Agriculture
Various trainings in India, Japan and others.
Kebede Ejeta Dabali
Member
Educational Qualification
MA in Cooperative Economics and social Enterprises form Ambo University;
BA in Cooperative Business Management form Ambo University;
Diploma in GAg form Ambo University
Various trainings (Coop leadership, good overnance and membership development, financial planning and coop auditing, etc. )
Terefe Senbaba Meta
Member
Educational Qualification
MBA from Ambo University;
BA in Cooperative Accounting from Ambo University;
Diploma in Genera Agriculture from Ambo College of Agriculture;
Various trainings (in coop business management, SACCO, etc.)
Wegayehu Tsige Endeshaw
Member
Educational Qualification
BA in Cooperative Business Management from Mekele University;
MA in Social Psychology from Adama Science and Technology;
Various trainings in credit risk management, Micro-finance, Business Plan Development, Entrepreneurship, etc.
Debelo Jebesa Bidu
Member
Educational Qualification
BA in Cooperative Business Management from Makele University
Tadele Abdi Shane
Member
Educational Qualification
MBA from Lead Star College of Mgt. & Leadership;
BA in Business Management from Adama University;
Diploma in Accounting from Nazareth College of technical teacher education
Muktar Adem Hussen
Member
Educational Qualification
MBA from Lead Star College of Management & Leadership
BA in Cooperative Accounting-Haramaya University);
Eshetu Wakene Benti
Member
Educational Qualification
MSc.in Accounting & Finance from Arsi University;
BA in Coop Accounting from Haramaya University;
Diploma in Banking & Finance from AA University;
Certificates in: Coop. Business Mgt. & Coop. Banking
Various trainings
Amb. Girma Temesgen
Member
Educational Qualification
Master of Art (M.A.) Communication- Leipziger University Germany
Bachelor of Art (B.A) Political Science and International Relations Addis Ababa University Ethiopia
Sub-committees
Fikadu Dugasa Gudata
Wegayehu Tsige Endeshaw
Ambassador Girma Temesgen
Ararsa Regassa Fayissa
Tadele Abdi Shane
Muktar Adem Hussen
Kebede Ejeta Dabali
Eshetu Wakene Benti
Terefe Senbaba Meta
Executive Management
Executive Management
Deribie Asfaw
President
Aman Semir
VP, Technologies and Digital Banking
Desalegn Tadesse
Chief Risk & Compliance Management Officer
Gadissa Mamo
VP, Corporate Banking
Liko Tolesa
VP, Human Capital and Projects Management
Gutema Dibaba
VP, Cooperative and Agricultural Banking
Muluneh Aboye
VP, Banking Operations
Tafesse Fana
Chief Internal Auditor
Tadele Tilahun
VP, Strategy and Marketing
Shimelis Legesse
VP, Information Systems
Wondyifraw Assefa Gadena
VP, Credit Appraisal and Portfolio Management
Mubarek Shemollo Reda
Acting VP, Interest Free Banking
Coopbank at a Glance
Coopbank at a Glance
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 of 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 are 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.
The Coopbank is now one of the most profitable banks in Ethiopia having a total asset value of more than ETB 139.56 billion. The bank has 738+ branch networks, 11.2 million account holders, and more than 11,500 employees.
Vision
To be the leading private bank in Ethiopia by 2025.
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.
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