Cooperative Bank of Oromia
| Company type | Share company |
|---|---|
| Industry | Financial institution |
| Founded | 8 March 2005 |
| Founder | Obbo Haile Gebre Lube |
| Headquarters | Bole Sub-city, Woreda 02, Africa Avenue, Rwanda Embassy Area Addis Ababa, Ethiopia |
Number of locations | 753 (2025) |
Key people |
|
| 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 |
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.[4] The bank has over 753 branches,15.40 million account holders and 15,000 employees.{{Citation needed|date=June 2025[5]}}[6] The bank's headquarters is located in Addis Ababa, Ethiopia.[7]
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.
Eco Branches
Coopbank operates Eco Branches designed to provide banking services in rural areas while incorporating environmentally sustainable features. According to the bank's official website, more than 100 Eco Branches are currently in operation.[8]
See also
References
- ^ "Cooperative Bank of Oromia Reinforces Partnership with Xpert Digital". Xpert Digital. Retrieved 23 December 2025.
- ^ Annual Report. "Coopbank Annual Report 2024/2025" (PDF). Cooperative Bank of Oromia.
- ^ Top 100 Banks. "Coopbank Ranked Among Africa's Top 100 Banks for 2025". African Business Review.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Staff Reporter (2022-07-10). "Cooperative Bank of Oromia registers high earnings". Capital Newspaper. Retrieved 2024-05-12.
- ^ Global SME. "Coopbank wins Sustainable SME Financier of the Year at Global SME Finance Forum 2025". Global SME Finance Forum. Retrieved 23 December 2025.
- ^ 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.
- ^ "Cooperative Bank of Oromia". www.coopbankoromia.com.et. Retrieved 2023-10-31.
- ^ "Eco Branches". Coopbank Official Website. Retrieved 22 December 2025.