Cooperative Bank of Oromia (stylized as coop or coopbank) is a private commercial bank in Ethiopia, established in 2004 by businessman Obbo Haile Gebre Lube. As per their last published annual report (2021–22), the Cooperative Bank now has a total asset value ETB 140 billion.[1] The bank has over 750 branches, 13.2 million account holders and 8,100 employees.[citation needed] The bank's headquarters is located in Addis Ababa, Ethiopia.[2]

History

Obbo Haile Gebre Lube, the founder of Cooperative Bank of Oromia.[3]

Cooperative Bank of Oromia was founded on 29 October 2004 Obbo Haile Gebre Lube, who sought to build a cooperative bank after the rural community faced financial exclusion in early 2000s. Haile envisioned to create cooperative financial institution among communities, stating "the best way to fight poverty is through cooperation".[4]

In 2002, Haile founded project office to build capital investment. In 2005, the bank began operation.[4]

See also

References

  1. ^ Staff Reporter (2022-07-10). "Cooperative Bank of Oromia registers high earnings". Capital Newspaper. Retrieved 2024-05-12.
  2. ^ "Cooperative Bank of Oromia". www.coopbankoromia.com.et. Retrieved 2023-10-31.
  3. ^ "Coopbank at a Glance". Cooperative Bank of Oromia. Retrieved 2021-07-29.
  4. ^ a b www.coursehero.com https://www.coursehero.com/file/222230102/strategic-plan-of-Coopdoc/. Retrieved 2025-03-24. {{cite web}}: Missing or empty |title= (help)


Allikas: http://en.wikipedia.org/wiki/Cooperative_Bank_of_Oromia
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