Oromia International Bank
Oromia International Bank (OIB) is a private bank based in Addis Ababa, Ethiopia. It was established on September 18, 2008.[1]
| Industry | Bank |
|---|---|
| Founded | September 18, 2008 |
| Headquarters | Addis Ababa, Ethiopia |
Key people | Mr Abie Sano - President Mr Mergia Deriba - Chief Operating Officer Mr Teferi Mekonnen, V/P -Corporate Support C Mr Wolde Bulto, V/P-Credit and International Banking Mr Alemayehu Demisse, V/P-Branch Banking Mr Tesfaye Basha, V/P-IT |
| Products | Financial services |
Number of employees | Over 3,000 |
| Website | www |
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 infront of Dembel City Centre,near Getu Commercial Center in its own 13 story building 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 systems 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 have now reached 225 throughout Ethiopia all connected by core banking system.The Bank is now one of the most influential and popular private banks in Ethiopia and also known for pioneering Interest free banking services.