Cooperative Bank of Oromia

Last updated
Cooperative Bank of Oromia
Company type Share company
Industry Financial institution
Founded8 March 2005;20 years ago (2005-03-08)
FounderObbo Haile Gebre Lube
Headquarters Bole Sub-city, Woreda 02, Africa Avenue, Rwanda Embassy Area Addis Ababa, Ethiopia
Number of locations
753 (2025)
Key people
  • Aaddee Meskerem Debebe (Board Chairperson)
  • Obbo Deribie Asfaw (President)
Products Financial services
Total assets 223.19 billion ETB (As per the report November 2025)
Number of employees
15,000 (As per the report June 2025
Website coopbankoromia.com.et

Cooperative Bank of Oromia (stylized as coop or coopbank) is a private commercial bank in Ethiopia, established in 2005 by Obbo Haile Gebre Lube. As per their last published annual report (2025-25), the Cooperative Bank now has a total asset value ETB 223.19 billion. [1] The bank has over 753 branches,15.40 million account holders and 15,000 employees.[ citation needed ] [2] The bank's headquarters is located in Addis Ababa, Ethiopia. [3]

Contents

History

The Cooperative Bank of Oromia was established following initiatives undertaken in the early 2000s to address limited access to formal financial services in Ethiopia, particularly for rural communities, farmers, and small businesses.

A project office was established in 2002 under the leadership of Haile Gebre Lube to prepare for the creation of the bank. After completing the necessary organizational and regulatory processes, the bank commenced operations in March 2005. Since its establishment, Coopbank has focused on providing banking services aimed at improving access to finance and supporting economic participation.


See also

References

  1. ↑ Staff Reporter (2022-07-10). "Cooperative Bank of Oromia registers high earnings". Capital Newspaper. Retrieved 2024-05-12.
  2. ↑ Asfaw, Mintesinot (2025-04-02). "From Grassroots to ETB 189B: The Cooperative Bank of Oromia's 20-Year Journey in Redefining Inclusive Finance". Ethiopian Business Review. Retrieved 2025-04-06.
  3. ↑ "Cooperative Bank of Oromia". www.coopbankoromia.com.et. Retrieved 2023-10-31.


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