Oromia International Bank
| Industry | Bank |
|---|---|
| Founded | September 18, 2008 |
| Headquarters | Addis Ababa, Ethiopia |
Key people |
Ato Abie Sano - President Ato Mergia Deriba - Chief Operating Officer Ato Teferi Mekonnen, V/P -Corporate Support C Ato Wolde Bulto, V/P-Credit and International Banking Ato Alemayehu Demisse, V/P-Branch Banking Ato Tesfaye Basha, V/P-IT |
| Products | Financial services |
Number of employees | Over 3,000 |
| Website |
www |
Oromia International Bank (OIB) is a private bank based in Addis Ababa, Ethiopia. It was established on September 18, 2008.[1]
Overview
Oromia International Bank S.C began operation on October 25, 2008 with a starting capital of 110 million birr (Br), surpassing the minimum capital requirement by 35 million Br. With its headquarters located inside Dembel City Centre, on Africa Avenue (Bole Road).
Established with the commercial banking business objectives, OIB is undertaking a universal commercial banking services such as deposit mobilization, lending of money, remittance service, and international banking services and interest free banking. The Bank has now launched Electronic banking outputs such as Card banking known as Oro-Card(ATM and POS), Mobile Banking named as Oro-Cash, Agent Banking-Oro Agent and Internet banking namely Oro-Click. The number of OIB branches are now reached 225 throughout Ethiopia all connected by core banking system. Oromia Int'l Bank owns a 13 storey building Headquarters in Addis Ababa City on Bole road next to Getu Commercial Center. The Bank is now one of the most influential and popular private banks in Ethiopia and also known for pioneering Interest free banking services.
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