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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