cbe

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
EUR
58.7184
59.8928
,
CHF
57.9363
59.095
,
SEK
4.5316
4.6222
,
NOK
4.6506
4.7436
,
DKK
7.1279
7.2705
,
DJF
0.3092
0.3154
,
JPY
0.3362
0.3429
,
CAD
37.1227
37.8652
,
SAR
13.3203
13.5867
,
AED
13.6031
13.8752
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
32.1139
32.7562
,
SDR
,
ZAR
,
CNY
6.8347
6.9714
,
KWD
170.5482
173.9592

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

abay

USD
55.2124
56.3166
,
EUR
58.7184
59.8928
,
GBP
67.5358
68.8865
,
CHF
60.6663
61.8796
,
AUD
35.485
36.1947
,
AED
15.0311
15.3317
,
CNY
7.5522
7.7032
,
DKK
7.8761
8.0336
,
DJF
0.3092
0.3154
,
INR
0.664
0.6773
,
JPY
0.3715
0.3789
,
KES
0.3737
0.3812
,
NOK
5.1388
5.2416
,
SAR
14.7186
15.013
,
ZAR
2.946
3.0049
,
SEK
5.0073
5.1074
,
SDR
72.654
74.1071

zemen

CAD
41.0196
41.84
,
EUR
58.7184
59.8928
,
GBP
67.5358
68.8865
,
SEK
5.0073
5.1074
,
USD
55.2124
56.3166

buna

USD
54.778
55.8736
,
EUR
60.4201
61.6285
,
GBP
67.3216
68.668
,
AED
13.4962
13.7661
,
SAR
13.2148
13.4791
,
CAD
37.5106
38.2608
,
CNY
6.9339
7.0726
,
USD
7.3374
7.4841
,
EUR
4.7259
4.8204
,
GBP
60.0815
61.2831
,
AED
0.3485
0.3555
,
SAR
4.8953
4.9932
,
CAD
170.2997
173.7057
,
CNY
33.2543
33.9194

nib

GBP
64.4967
65.7866
,
EUR
58.7184
59.8928
,
CHF
57.9363
59.095
,
USD
55.2124
56.3166
,
CAD
37.1227
37.8652
,
AED
13.6031
13.8752
,
SAR
13.3203
13.5867

berhan

wegagen

USD
55.1843
56.288
,
GBP
65.3387
66.6455
,
EURO
59.0472
60.2281
,
CAD
37.1702
37.9136
,
AUD
32.2574
32.9025
,
CHF
58.7918
59.9676
,
SEK
4.4943
4.5842
,
NOK
4.6479
4.7409
,
DKK
7.1688
7.3122
,
DJF
0.3093
0.3155
,
INR
0.6629
0.6762
,
KSH
0.3749
0.3824
,
JPY
0.3382
0.345
,
SAR
13.3139
13.5802
,
AED
13.5955
13.8674
,
ZAR
3.1723
3.2357
,
CNY
6.8493
6.9863
,
KWD
170.6195
174.0319

dgb

USD
55.2124
56.3166
,
GBP
67.5358
68.8865
,
EUR
58.7184
59.8928
,
CHF
60.6663
61.8796
,
CAD
41.0196
41.84
,
AUD
35.485
36.1947
,
SEK
5.0073
5.1074
,
NOK
5.1388
5.2416
,
DKK
7.8761
8.0336
,
DJF
0.3092
0.3154
,
INR
0.664
0.6773
,
KSH
0.3737
0.3812
,
JPY
0.3715
0.3789
,
SAR
14.7186
15.013
,
AED
15.0311
15.3317
,
ZAR
2.946
3.0049
,
CNY
7.5522
7.7032
,
KWD
178.5845
182.1562

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
CHF
57.9363
59.095
,
SEK
4.5316
4.6222
,
NOK
4.6506
4.7436
,
DKK
7.1279
7.2705
,
JPY
0.3362
0.3429
,
CAD
37.1227
37.8652
,
SAR
13.3203
13.5867
,
AED
13.6031
13.8752
,
EUR
58.7184
59.8928
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

USD
53.3285
54.3951
,
EUR
56.7522
57.8872
,
GBP
64.2235
65.508
,
SAR
14.185
14.4687
,
CHF
57.398
58.546
,
AED
14.5198
14.8102

lion

USD
55.2124
56.3166
,
GBP
64.4967
65.7866
,
EUR
58.7184
59.8928

coop

USD
55.208
56.3122
,
GBP
67.6574
69.0105
,
EUR
58.8131
59.9894
,
SAR
14.7182
15.0126
,
AED
15.0291
15.3297

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.8489
172.2259
,
SAR
13.3629
13.3481

Oromia Bank Review

Oromia Bank

Oromia Bank

7.7 Rating

7% Saving Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Pros and Cons

Various Interest-Free Banking Services
Reliable Overseas Employment Services
Flexible Loans and Advances
more than 300 number of branches
  • Complex financing services that require much attention to terms and policies when applying

    Oromia Bank Information

    Contact Information

    Diaspora Benefits

    • Optional Diaspora Deposit Accounts
    • Automobile Loan
    • Mortgage Loan
    • Working Capital Loan
    • Consumer Loan

    Internet Banking

    • Can Check Balance
    • Can Transfer Money
    • View Account Statement
    • Can Control Progress
    • Can Pay Bills Online

    Mobile Banking

    • Mobile Application
    • Balance Inquery
    • USSD Application
    • Mobile Top Up
    • Money Transfer

    Loan Interest

    • Personal Automible Loan 14
    • Diaspora Mortgage Loan 9.8
    • Corporate Loan 14
    • Investment Loan 14
    • Working Capital Loan 14

    Saving Interest

    • Personal Saving 7%
    • Women Saving 7.5%
    • Teen Saving 7.5%
    • Education Saving 7.5%

    Apply for a loan here

    Banks Ethiopia gives you the access and information you need to get car loan and house loan services in Ethiopia from the bank of your choice. If you are a non resident and/or a foreigner with origin of Ethiopia looking for these loan services, make sure to visit our diaspora mortgage loan and diaspora vehicle loan pages to acquire a more detailed information.

    Oromia Bank Exchange Rate

    Oromia Bank exchange rateis found at our exchange rates page, along with all other banks’ exchange rates in Ethiopia today.

    code name buying buyingTrend selling sellingTrend
    USD United States Dollar 53.3285 54.3951
    EUR Euro 56.7522 57.8872
    GBP British Pound Sterling 64.2235 65.508
    SAR Saudi Riyal 14.185 14.4687
    CHF Swiss Franc 57.398 58.546
    AED United Arab Emirates Dirham 14.5198 14.8102

    About Oromia Bank

    Oromia Bank is one of the commercial private Banks with years of experience in Ethiopia. Oromia has a well-built professional profile and records showing. The Bank has a mission of becoming the best fully-fledged commercial banking service provider by giving the best, dedicated, and sustainable service to its customers through its valuable and highly qualified employees and fulfill social responsibility. Oromia Bank branches have reached more than 500 across the country  with  5.4 paid up capital.

    History of Oromia Bank

    Oromia Bank SC (OB) formerly known as Oromia International Bank (OIB) was established on the 18th of September, 2008 according to the 1960 commercial code of Ethiopia, the required Banking Proclamation number 94 of 1994, and the license and supervision proclamation number 592 of 2008.

    Oromia Bank has begun its operations a month after its foundation on the 25th of October, 2008. Opening its first branch in Addis Ababa, Bole area, OIB started with an initial authorized capital of 1.5 Billion Birr.

    The Bank has led its operation under the name of Oromia International Bank(OBI) for 13 years ( from 2008 to 2021) and made an amendment to its company logo and name in 2022. As the officials of the Bank explained in their announcement ceremony, the changes are in regards of bringing the Bank to a Better growth path.

     

    Key Takeaways

    • Full information about Oromia Bank
    • services of Oromia Bank
    • Oromia Bank head office location
    • Oromia Bank mobile Banking

    Services provided by Oromia Bank

    Oromia Bank Saving Accounts

    1. Oro Saving

    An interest-bearing account rendered for ever-eligible physical and legal persons including organizations and associations etc.

    1. Oro Saving Plus

    A saving account for credit scheme provided for Individuals /employees of a company who would like to put savings and access a House or car loan service targets individuals particularly employees where they save a certain amount of money to get a loan for the purchase of a vehicle and/or a house i.e. it is a saving account that attaches loan privilege.

    1. Oro Interest Plus (Special Saving account)

    Oromia Bank gives a high and attractive savings interest rate compared to the normal savings accounts, customers of the account would be selected from the group

    1. Fixed time (special saving Account)

    Customers who would like to get long-term savings services can choose this account type, customers would have a one-time fixed agreement with Oromia Bank and make their deposit to the investment Bank and agree to possession minimum of 90 days of their account for the agreeable amount of time and get benefit from the high-interest rate.

    Oromia Bank Special Accounts 

    Handura children’s

    Provided for parents/legal guardians to make a savings deposit for their under-aged children (under 18 years)

    Handura saving is available under two categories

    • Handura (0-10 years)
    • Handura (11 to 18 years)

    Sinqe Women’s

    Provided to enhance women saving habits with special accounts and saving interest

    Hayu Education

    Saving account for tertiary level students who receive education money from their parents/legal guardians/relatives

    Oro Retirement

    A saving account provided by elders the age of 60 and above, this account is provided to support and reward elders for their path of life.

    Oromia Bank Diaspora Account 

    Diaspora banking service is provided by Oromia Bank to support customers’ dream achievement in their homeland

    Oromia Bank diaspora banking is:-

    • Diaspora Current Account
    • Fixed or Time Deposit Account
    • Non-repatriable Birr Account

    Who is eligible for Oromia Bank Diaspora Banking service:-

    • Citizens living or working in the country
    • Nonresident Foreigners from the Ethiopian region

    Types of Diaspora Accounts

    • Diaspora Current Account
    • Fixed or Time Deposit Account
    • Non-repatriable Birr Account

    Requirements to access Oromia Bank Diaspora Banking service

    • Renewed passport/identification card
    • Leaving license
    • Properly filed and signed application form
    • Certification of ownership/momentum of association
    • Minimum deposit of 100 USD/5000 USD for fixed-time account type

    Oromia Bank gives allowance to legally represented Authority to open accounts on behalf of the customer and customers are beneficial from the account and make international and domestic payments/transactions, withdraw cash for travel purposes, make an exchange of their deposit to birr at the exchange rate of the time of withdrawal.

    Oromia Bank provides this service with currencies of USD, EURO, and Pound sterling.

     Checking Business Account

    1. Oro Current :-customers can process transactions and Banking routines by representing a legal third parties through the Bank branches or through the online banking services.
    1. Salary Solution :- designed for salaried individuals and for companies to process employee payments through the bank
    1. Investment Solution :- designed for individuals/organization with regular income and interest to save a fixed amount per a month for a fixed period of time and benefit from higher interest rate.
    1. Provident Fund :- special deposit time with a special benefits for organizations and three employees including an access to loan facilities.

    Oromia Bank Loan and Advances

    1, Personal loan

    A personal loan is provided for customers to use for financial emergency needs like medical incidents, travel finances, or any financial liabilities. The bank provides up to 500,000 ETB loan amount with 5 years of repayment season.

    2, Business Loan

    Business Loan is a short-term limited credit loan service provided for customers who need Business/project financing. The agreement with the customer can be reviewed and renewed on an annual base according to the customer’s account status.

    3, Vehicle/Auto Loan

    Auto Loan is provided to finance a customer’s purchase of a used and/or new car for non-commercial purposes.

    The loan has a 70-80% amount coverage based on the vehicle’s condition with a 5-8 years repayment period.

    4, Diaspora Mortgage loan

    This service is provided for the Diaspora customer, in definition nonresident Citizens and/or nonresident foreigners of Ethiopian Origin with the purpose of building/purchasing a resident house

    Oromia Bank Interest-Free Banking

    Oromia Bank provides Interest-free Banking following all the Sharia law and regulations. Customers are to be treated and provided services as equally as the interest bearing customers. IFBW (Wadi’ah) is provided on a window level of every branch, what makes this service a good choice is that there is an IFB for every Interest bearing service.

     

     

    Oromia bank

    1. Wadi’ah saving account 

    Wadi’ah saving: is a safety/ custody deposit where customers make a saving deposit and withdraw when they like to do so

    Labbaik-Wadi’ah : savings for Islamic religious traveling purposes like Hajj

    Mudarabah Investment: cost-plus service for individuals and companies involved in import, export, car business, providing raw materials

    1. Wadi’ah special saving account 

    Similarly to interest-bearing special saving accounts, these services are provided for women, children, and elders but only under the fulfillment of Sharia rules

    Services include:-

    Sinqe Women’s Wadi’ah saving, Handhura children’s Wadiah savings,Wadi’ah retirement account, Educational Wadi’ah saving

    1. Financial Service

    Oromia provides all the financial services of normal(interest-bearing) services arranged with Sharia rules and provides Interest-free service

    Services Include:-

    Murabaha, Interest-Free Export Facility, Ijarah Financing, Salam interest-free financing

    Oromia Bank International Banking

    Oromia Bank provides a special service that allows customers all over the world to process their day to day Banking services through international service

    • International trade service: for customers involved with Import, Export business.

    The Bank provides Cash Against Documents (CAD) Letters of Credit (LC), allowing customers to process payment issues irrespective of the Bank’s regulation and requirement to access this account.

    • International Money Transfer:- Inward and Outward money transfer through the Banks swift ( ORIRETAAXXX) for Bank to Bank transactions or through Many remote service providers the Bank has partnered with in this sector ( Western Union, Money Gram Trans Fast, Ria, Lari Exchange, Alansari Exchange, Money Exchange, Express Money, etc..)
    • Correspondent Banks: Oromia Bank has made correspondent Bank account relationships and Bilateral Exchange arrangements with over 100 Banks of different continents.

    Oromia Bank mobile Banking 

    Access mobile Banking by activating from there  nearest branch and customers can proceed using their mobile device form any location by dialing on *804# or through Oromia Bank Mobile Banking provider application  OROCLICK or/and OroApp. The Bank is known for its fast mobile Banking service in addition to its internet, card, Agent, ATM and branch services.

    Review Conclusion 

    Oromia Bank has made progress throughout the years and grow to the current position it has reached. The Bank is currently known for its quality services, Mobile Banking, Interest-free and loan services. The bank has made visible upgrades starting from its name and logo amendment to the hard work that has led the Bank to recognition and receiving International awards like ESQR award for the second time starting from 2022.

    Oromia Bank contact Information

    Oromia Bank Head Office

    • Bole, Africa Avenue, Addis Ababa Ethiopia

    Oromia Bank phone number

    • Tel: +251 -11-51-83-880
    • Tel: +251 -11-55-72-115
    • Tel: +251 -11-55-72-002
    • Tel: +251 -11-55-72-113

    Current president of Oromia Bank :-

    Gemechu Waktola (PhD)

    7.7

    Oromia Bank

    Loan Interest

    9.3

    Mobile Banking

    6

    Internet Banking

    6

    Saving Interest

    8.6

    Customer Service

    8

    Diaspora Benefit

    8

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