cbe

USD
56.8022
57.9382
,
GBP
67.5744
68.9259
,
EUR
60.4375
61.6463
,
CHF
59.5391
60.7299
,
SEK
4.695
4.7889
,
NOK
4.6818
4.7754
,
DKK
7.3318
7.4784
,
DJF
0.3181
0.3245
,
JPY
0.3324
0.339
,
CAD
37.2237
37.9682
,
SAR
13.7039
13.978
,
AED
13.9956
14.2755
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.0232
33.6837
,
SDR
,
ZAR
,
CNY
7.1006
7.2426
,
KWD
175.9743
179.4938

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

GBP
67.5744
68.9259
,
CHF
59.5391
60.7299
,
EUR
60.4375
61.6463
,
USD
56.8022
57.9382
,
CAD
37.2237
37.9682
,
AED
13.9956
14.2755
,
SAR
13.7039
13.978
,
SEK
4.695
4.7889
,
NOK
4.6818
4.7754

abay

USD
56.5376
57.6684
,
EUR
61.7956
63.0315
,
GBP
72.289
73.7348
,
CHF
64.3716
65.659
,
AUD
37.3657
38.113
,
AED
15.3911
15.6989
,
CNY
7.8594
8.0166
,
DKK
8.2877
8.4535
,
DJF
0.3166
0.3229
,
INR
0.6826
0.6963
,
JPY
0.3821
0.3897
,
KES
0.4082
0.4164
,
NOK
5.3785
5.4861
,
SAR
15.0739
15.3754
,
ZAR
3.0306
3.0912
,
SEK
5.5156
5.6259
,
SDR
78.118
79.6804

zemen

CAD
41.1592
41.9824
,
EUR
60.3636
61.5709
,
GBP
70.6939
72.1078
,
SEK
5.1874
5.2911
,
USD
56.7914
57.9272

buna

nib

GBP
67.5744
68.9259
,
EUR
60.4375
61.6463
,
CHF
59.5391
60.7299
,
USD
56.8022
57.9382
,
CAD
37.2237
37.9682
,
AED
13.9956
14.2755
,
SAR
13.7039
13.978

berhan

wegagen

USD
56.704
57.8381
,
GBP
68.416
69.7843
,
EURO
61.4501
62.6791
,
CAD
37.8361
38.5928
,
AUD
33.7923
34.4681
,
CHF
59.9428
61.1417
,
SEK
4.8272
4.9237
,
NOK
4.7926
4.8885
,
DKK
7.4566
7.6057
,
DJF
0.2862
0.324
,
INR
0.6803
0.6939
,
KSH
0.4345
0.4432
,
JPY
0.3389
0.3457
,
SAR
13.6809
13.9545
,
AED
13.9722
14.2516
,
ZAR
3.1723
3.2357
,
CNY
7.0934
7.2353
,
KWD
176.0871
179.6088

dgb

enat

USD
56.8022
57.9382
,
GBP
70.7585
72.1737
,
CHF
62.3446
63.5915
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.4648
15.7741
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

dashen

USD
56.8022
57.9382
,
GBP
67.5744
68.9259
,
CHF
59.5391
60.729882
,
SEK
4.695
4.7889
,
NOK
4.6818
4.775436
,
DKK
7.3318
7.478436
,
JPY
0.3324
0.339048
,
CAD
37.2237
37.9682
,
SAR
13.7039
13.977978
,
AED
13.9956
14.275512
,
EUR
60.4375
61.6463
,
DJF
0
0
,
INR
0
0
,
KES
0
0
,
AUD
33.0232
33.6837
,
ZAR
0
0
,
CNY
7.1006
7.2426
,
KWD
175.9743
179.4938
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.7914
57.9272
,
GBP
67.5127
68.863
,
EUR
60.3636
61.5709

coop

USD
56.7329
57.8676
,
GBP
71.9543
73.3934
,
EUR
61.6516
62.8846
,
SAR
15.1247
15.4272
,
AED
15.4472
15.7561

gadaa

USD
56.7914
57.9272
,
GBP
67.5127
68.863
,
EUR
60.3636
61.5709
,
AED
13.9945
14.2744
,
SAR
13.7012
13.9752
,
CHF
59.3909
60.5787

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

Oromia Bank Review

Oromia Bank

Oromia Bank

7.6 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 55.4509 56.5599
EUR Euro 58.7724 59.9478
GBP British Pound Sterling 64.394 65.6819
SAR Saudi Riyal 13.3775 13.6451
CHF Swiss Franc 59.3141 60.5004
AED United Arab Emirates Dirham 13.662 13.9352

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)

7.6

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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