As of March 31, 2023, the bank's total assets were valued Auto Draft | Cooperative Bank of Oromia. C shall avail three types of merchandise loans, Revolving Merchandise Loan, One-time Merchandise Loan, and Merchandise Loan against warehouse receipts or import documents. File Size 5 MB. With over 713 branches, including innovative eco-branches, the bank serves over 10 million customers worldwide. Search radius. Executive Management The Cooperative Bank of Oromia (COOP). Download 948. 2. ቤት ቁጥር. Cooperatives Capacity Building and Advisory. A Medium-Term Loan is a loan that has a maturity period longer than two Michu. Olympic. BA in Business Mgt-Bahir Dar University. Phone: +251115150229 Fax: +251 11 515 0489 Mission. Chief Risk & Compliance Management. Branch & ATM Locator. Phone May 17, 2022 · Cooperative Bank of Oromia Annual Report 2017-2018 | Cooperative Bank of Oromia. It is an account for male and female youth in the age group 15-29 years. Get the latest International Currency to Ethiopian Birr rate for FREE with Coopbank. Export Financing Facilities. Accordingly, the following services are being offered by the bank. Coopbank SACCO-Link. 00 MB. The loan period shall be up to 5 years, The amount of the loan will be Dec 7, 2023 · As of the fiscal year ending in June 2023, the Cooperative Bank of Oromia boasts fixed assets totaling Birr 140. Its quick, digitized, and automated application process for uncollateralized loans aimed at micro, small, and medium businesses, using a cutting-edge credit scoring system with simple repayment options. Acting VP, Interest Free Banking. With the industrial revolution, the emerging financial services sector was primarily focused on wealthy individuals and large enterprises in urban areas. East Finfine. Deribie Asfaw, CEO of Coopbank, emphasized the significance of this collaboration, stating that this The Coopbank Brand. Short-Term Loan is a loan extended to finance the working capital needs and/or to address other short-term financial constraints of the borrower. Mar 10, 2022 · The Cooperative Bank of Oromia celebrates its 17th years anniversary, on March 08, 2022. Oct 23, 2020 · 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 coming year. It enables you make convenient ATM transactions including: Cash withdrawal. Obbo Deribe Asfaw, President of the bank says that the last strategy period (2016-2020) laid a strong foundation for the bank’s journey towards its set vision. T: +251 911026530. Working Capital Loan. Tafesse Fana. In general, the bank has contributed more than ETB 310 The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. Hawassa. File Count 1. Results. . Download 434. The bank fosters and stimulates cooperatives to augment opportunities along the agriculture value-chain till processing and trading of farm produces. At the grassroots level, the bank, which aims to achieve social economic growth through banking services, reaches out to the marginalized and underserved communities and promotes a culture of The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. Import; Export; Money Transfers; Guarantee (Foreign) E-Banking. A Motor Vehicle Loan is a term loan granted for the purchase of new motor vehicles. Tadele Tilahun. House no. Capacity Building and Advisory Services. Saving Deposit: an interest bearing deposit account opened for cooperatives who can fulfill the Bank’s and legal requirements. The transitional headquarters, which is underway around Bole Rwanda, in Addis Ababa (Finfinne) is being built by Chinese Contactor Incoming Transfer through MTOs. Coopbank’s debit card provides you a 24/7 instant access to your accounts at any ATM and POS machines in the country. We root our foundation in communities to provide banking solutions that Tadele Tilahun. Gemeda Mi’esso. Cooperative Bank of Oromia Forms You can easily find here several account opening forms in different languages Corporate Identity; Contact us. 13%, reaching a deposit position of ETB 116. The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that Gemeda Mi’esso. Aug 16, 2020 · Coopbank Set off New Strategy. Loan and Advances. Phone The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. 42 billion) went to interest-free banking deposits. VP, Credit Appraisal and Portfolio Management. The customer shall apply for a loan within five days after the bank advised the arrival of a letter of credit documents. Last Updated May 17, 2022. All applicants applying for any type of loan/facility must fulfil the following general eligibility criteria: Any credit applicant needs to open either a checking or saving account at anyone of Construction Machineries Loan. 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. The Cooperative Bank of Oromia (COOP) Foreign Exchange Market Rates for Major Currencies Against Ethiopian BIRR (ETB) Corporate Identity; Contact us. Chief Internal Audit. A personal Loan is a loan term granted to diaspora communities to cover an applicant’s urgent financial requirements, such as expenses for domestic or foreign travel, medical treatment of self or family member, education fees, or any kind of personal expenses. Concern for Community. Demand Deposit; Saving Deposit; Fixed Time Deposit; Trade Service. The Alliance was founded in 1895, and its members are national and international co-operative organizations in all sectors of activity, including agriculture, banking Cooperative Bank of Oromia has started Collateralized Commodity Financing (CCF) for the first time in Ethiopia. The Cooperative Bank of Oromia (COOP) has its May 31, 2022 · Cooperative Bank of Oromia Annual Report 2014-2015 | Cooperative Bank of Oromia. Corporate Identity; Eco-Branches; Organizational Structure; Board of Directors; Shariah Advisory Committee; Executive Management; Annual Report; News; Media Gallery; Video Gallery; Awards; Customers and Partners; Reflections From The President; Branch & ATM Locator; Corporate Social Responsibility; Humanitarian Affairs; Economic Affairs Jan 31, 2024 · Cooperative Bank of Oromia (CoopBank) stands as a beacon of hope for rural communities in Ethiopia. Speaking An import Letter of Credit is an undertaking given by Coopbank to a seller at the request and/or instructions of its customer, applicant ( buyer) to make sight payment or accept a bill of exchange (draft) drawn by the seller to pay it after specific future date provided all terms and conditions of the Letter of Credit are complied with. 3 billion and a customer base exceeding 12 million. Your location. Phone: +251115150229 The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. During FY 2022/23, Coopbank’s total deposits grew by an impressive 20. Types of guarantee: Bid Bond Guarantee. COOPay-Ebirr Regular Saving Account. Mar 18, 2023 · Coopbank Alhuda, the segment of Cooperative Bank of Oromia has launched a new savings account entitled ‘Zakat’ Savings Account. The bank announced that this new service provides a hassle-free and secure way to make fuel payments without the need for cash transactions. Comment. Cooperative Bank of Oromia Annual Report 2013-2014. Wondyifraw Assefa Gadena. Equipment/machinery Lease Financing. here is the list of Executive Management of the bank. Kifiya Financial Technologies PLC. The account holder should credit at least a minimum of Birr 25 to her/his account Apr 28, 2023 · Coopbank has launched a digital fuel payment system that enables customers to fuel up using its mobile banking platform, Coopay E-birr. Toward realization of its vision “To be the leading private bank in Ethiopia by 2025”, Coopbank has recently set off a new strategy. C would like to invite interested and eligible bidders for the Supply, Installation, and Configuration of Digital Signature solutions. The Bank extends Short-Term, Medium-Term, and Long-Term Loans. 1. Coopbank may extend a one-time or renewable letter of guarantee facilities. Download. Rooted in the very fabric of these communities, the bank provides not just banking The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. Zero minimum deposit requirements. May 31, 2022 · Cooperative Bank of Oromia Annual Report 2012-2013 | Cooperative Bank of Oromia. Western Union. Cooperative Bank of Oromia is a leading private bank in Ethiopia that is committed to providing exceptional financial services to its clients. Download 452. The Cooperative Bank of Oromia (COOP) | See photos, profile pictures, Video, Audio, and albums from Coopbank. Health Affairs. com. For more information please contact: Cooperative Bank of Oromia (Coop bank) Mr: Abdi Fekede. Phone: 0116 67 40 52. Ms: Lewam Assefa. With the bank’s digital payment system, customers can now enjoy the Diaspora Business Loans. Arbaminch. Coopbank offers an investment credit facility to enhance the potential of Diasporas to develop larger, more productive businesses investing in meaningful programs in their home country that can create jobs and economic growth back home. Mubarek Shemollo Reda. In addition to the General Eligibility Criteria, customers shall fulfill the following specific requirements. Agriculture Mechanization. Pre-shipment Export Credit Facility. Enables an applicant (s) to open in person or through his/her/their agent at a nearby branch of Cooperative Bank of Oromia, This account will bear annual interest equivalent to the prevailing NBE set savings interest rate, It enables couples to open Joint ECOLFL Savings Account. Features. May 31, 2022 · Downloads, Doucments, Annual Reports, PDF Cooperative Bank of Oromia (COOP)Please find here the annual report of the bank (2019 – 2020) Sep 15, 2023 · Finfinne, September 14, 2023- Cooperative Bank of Oromia proudly announces the launch of Michu an advanced digital lending platform introducing innovative products, Michu Guyyaa and Michu Wabii. . In addition to that, there is Accent Colors which can be used to accent or contrast to the primary colour for different designs. Coopbank of Oromia in a Nutshell. Card Banking. Swift – CBORETAA. Add comment Cancel reply. Phone May 31, 2022 · Cooperative Bank of Oromia Annual Report 2013-2014 | Cooperative Bank of Oromia. It has no transaction fee. We are working with the following MTOS. MoneyGram. Senior Director of Strategy Business Communication. Hawassa Ethiopia. Diploma in professional management, Professional Certificates and various relevant trainings. VP, Information Systems. Trade Service. File Size 4 MB. Download 740. Dec 21, 2023 · Cooperative Bank of Oromia Annual Report 2022-2023. Fund transfer. The equity contribution made to the project shall be transferred via Coopbank. Corporate Identity; Contact us. The motor vehicles to be financed should meet the standard specification of Murabahah Revolving Financing. VP, Strategy and Marketing. Phone: 0116 67 51 12/94. File Size 17 MB. The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. As of the fiscal year ending in June 2023, the Cooperative Bank of Oromia boasts fixed assets totaling Birr 140. KOTOBE. Transfast. Mar 19, 2024 · Addis Ababa, March 19, 2024 – As a pioneer in digital financial solutions, Coopbank’s alliance with Visa, a global leader in digital payments technology, signals a transformative shift in Ethiopia’s financial services landscape. Deposit Products. Demand Deposit: is a non-interest bearing account operated by cheque. The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through Jan 13, 2022 · Michu digital lending product is expected to increase Coop bank borrowers by 30% during the pilot period. et. The management and employees of the bank and other stakeholders have attended the event that took place at the bank’s headquarters building. Cooperative Saving. Murabahah Import Letter of Credit Financing. Complying with the Islamic Sharia regulations and laws, the account is designed to help customers make their Zakat payments in a timely and convenient manner. Here is a list of the bank’s Executive Management. Others. Contact Us If you would like to use our product/service we would like to hear from you please Drop us a Message An overdraft is a form of credit facility whereby customers are allowed to draw the above deposits on their current accounts to meet their business needs. Interest Free Banking. Murabaha Import Letter of Credit Settlement Financing. 25 billion as of June 30, 2023. 83 billion), while the remaining 16. Open a new account. Addis Ababa Ethiopia. Agriculture Processing. Earns better interest rate than the normal saving rate. Our array of diaspora banking products and services on both Conventional and Interest Free Banking Windows among others, include: –. Position: Director MSME. Requirements. The bank shall finance only import letter of credits opened at its end. 8 billion Birr, Coopbank stands as a financial powerhouse, poised to shape the future of banking in the region. Jul 24, 2020 · The Cooperative Bank of Oromia has joined the International Cooperative Alliance (ICA), an independent non-governmental organization representing co-operatives in the globe. 7% (ETB 19. Jul 6, 2022 · Cooperative of Bank of Oromia has made tremendous effort in all aspects to realize its vision of becoming the leading private bank in Ethiopia by 2025. Zakat is a religious obligation in Islam that requires Agriculture Processing. File Size 3 MB. Obbo Deribie congratulated the winners and spoke of the bank’s achievements and challenges. This facility is usually approved for sizable business activities and well-established customers as a supplement to working capital. Merchandise, bank guarantee, guarantee from federal or regional governments, guarantee from Development Bank of Ethiopia, guarantee from non-government organizations, deposits in banks, negotiable instruments (treasury bills and government bonds), share certificates other than Coopbank’s share, trade receivables, written undertakings from federal regional governments, corporate/personal A letter of guarantee is a written promise issued by the bank to compensate (pay a sum of money) to the beneficiary (local or foreign) if the obligator fails to honor her/his/its obligations per the terms and conditions of the guarantee/agreement/contract. It is accompanied by debit card. File Size 5. Archive by Category "About us" About us The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. Balance inquiry. Accordingly, in order to promote setting-up of modern dairy farms, for the production of clean milk, and to upgrade milk production on a commercial scale, the bank renders PhD in Agricultural (Voronez Institute of Forestry- Russian Federation); MBA FFAEM-IICM. Is a loan extended in the form of term loan for the purchase of new construction machineries – dozers, graders, loaders, excavators, scrapers, rollers, asphalt pavers, crushers, concrete batching plants, concrete pavers, cranes, drilling rigs, wagon drills, chip spreaders, and concrete mixer mounted on trucks Cooperative Saving. Version. Advisory services on strategic planning, process He emphasized the bank's ambitious vision for future mega construction projects, setting the stage for continued growth and development. Download 564. The history of cooperative banks has been traced back to the financial exclusion faced by many communities in the 19th century. The applicant shall not have any other long outstanding import letter of credit document arrived. Create Date June 23, 2020. The rural population, particularly farmers, small businesses Cost Consciousness. It improves the saving habits of self-employed teen-youth, It gives financial independence for the youth, Sep 12, 2020 · The applicant shall at least meet the minimum required equity contribution; The applicant has to present all the documents/information demanded by the bank; The applicant’s business shall be financially viable, legally acceptable, socially desirable, technically feasible, and environmental-friendly; If the applicant is a Diaspora, residence The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. Contact form 7 Mailchimp extension by Renzo Johnson - Web Developer. Phone: 046-181-3934. Conventional deposits constituted the majority, representing 83. It is an interest-bearing account generally opened with a minimum of Birr 50. An international electronic transfer of funds in a specific currency and amount to a friend, relative, or company residing in Ethiopia. May 17, 2022 · Cooperative Bank of Oromia Annual Report 2018-2019 | Cooperative Bank of Oromia. Intended Impact of Coopbank’s Advisory Services. Shimelis Legesse. You can easily locate our bank’s branches and its ATMs. 3% (ETB 96. The loan does not, however, include the cost of spare parts or luxury items. Benefits. The minimum amount required by the bank to open a current account for cooperatives is ETB 1,000. Revolving Merchandise Loan: – Revolving merchandise loan is a type of merchandise loan in which the borrower is allowed to use up to the limit Diaspora Banking. Corporate Colour: Coopbank has Cyan blue as its main color and Black as secondary colour. Deputy Chair Person. E: abdif@coopbankoromia. The bank offers a wide-range of credit products supposed to fit with the existing or future demands of the economy and its customers. Description. Interested and eligible bidders may collect the bidding document during office hours (Monday to Friday) from 8:00am–12:00pm and from 1:00pm March 2001 to August 2004: Head, District Finance Office; The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize Cooperative Bank of Oromia handed over prizes of The 5 th Round Forex Award Program to the winners. Fikadu Dugassa Gudeta. Last Updated May 31, 2022. TIRUNESH DIBABA. Coopbank offers Investment credit facilities to enhance the potential of Diasporas to The Cooperative Bank of Oromia (COOP) has its foundation in communities to provide banking solutions that create a greater customer experience with emphasis to cooperatives and agro-based businesses through proper use of human resources and up-to-date technologies to maximize stakeholders’ value. Cooperatives Saving Products. Coopbank issues an indirect foreign bank guarantee on behalf of a foreign bank (correspondent bank to compensate (pay the sum of money) to the beneficiary (local or foreign) if the obligator/principal fails to fulfill his/her /its obligations in accordance with the terms and conditions of the contract. However, it can also be opened with a zero balance with the intention to establish a relationship and introduce banking services to potential unbanked customers. The bank has been celebrating its […] Non-Resident Foreign Currency accounts, Non-Resident Non-Transferable Birr accounts, and Non-Resident Transferable Birr Accounts are opened for those organizations and individuals who are permitted to open NR – FCY accounts. Dahabshiil. Recently, since the outbreak of COVID-19, the bank has been undertaking various measures like a donation amount of ETB 8 million and temporarily gave its buildings to Oromia Regional State in Nekemte and Kuyu towns to contribute to the move towards containing the virus. Cooperative Bank of Oromia and Kifiya Financial Technologies have launched Michu, Ethiopia’s first uncollateralized lending platform. Short-Term Loan could be granted up to a maximum of two years. Cooperative Bank of Oromia Coopbank Annual Report | Different annual reports of the bank are available here. Loans and Advances. Murabahah Pre-Shipment Export Financing. With a total capital of 14. To participate on the bid Click Here! 1. Murabaha Post Shipment/Revolving Export Financing. Online Open Account Here! Cooperative Bank of Oromia S. Stakeholders to Partner with Coopbank. To confront the critical challenges of cooperatives and deliver the value needed by the segment, the bank has put in place structure which deals with capacity building and advisory services for cooperatives and their members. Coopbank offers Investment credit facility to enhance the potential of Diasporas to develop larger, more productive businesses investment in meaningful programs in their home country that can create jobs and economic growth back home. With our debit card, POS transactions make your purchase easy and cashless. Cooperative Bank of Oromia S. Michu is poised to revolutionize the loan application process, catering to individuals, micro, small, and medium-sized enterprises with flexible Jan 15, 2022 · The Cooperative Bank of Oromia (COOP) has started Collateralized Commodity Financing (CCF) for the first time in Ethiopia. nb yt im bo qu do jq vl vx pf