cbe

USD
131.5086
134.1388
,
GBP
174.4955
177.9854
,
EUR
149.8277
152.8243
,
CHF
156.9823
160.122
,
SEK
13.4396
13.7084
,
NOK
12.8108
13.0671
,
DKK
19.7202
20.1146
,
DJF
,
JPY
0.8912
0.909
,
CAD
94.2697
96.1551
,
SAR
35.069
35.7703
,
AED
35.809
36.5252
,
INR
,
KES
,
AUD
83.7181
85.3925
,
ZAR
,
CNY
17.9542
18.3133
,
KWD
420.8198
429.2362

awash

abyssinia

USD
132.2414
134.8862
,
GBP
174.5586
178.0498
,
EUR
149.7776
152.7732
,
AED
36.0105
36.7307
,
CHF
161.9216
165.16
,
SEK
13.8845
14.1622
,
NOK
13.175
13.4385
,
CAD
96.8518
98.7888
,
SAR
35.2597
35.9649
,
CNY
18.416
18.7843

abay

USD
132.2453
134.8902
,
GBP
179.7874
183.3832
,
EUR
153.4442
156.5131
,
AED
36.0067
36.7268
,
ZAR
7.4337
7.5824
,
SAR
35.2504
35.9554
,
JPY
0.922
0.9404
,
CHF
162.8636
166.1209
,
AUD
86.1842
87.9079
,
CNY
18.4275
18.7961

zemen

CAD
97.0856
99.0273
,
EUR
148.7501
151.7251
,
GBP
173.9501
177.4291
,
SEK
13.9393
14.2181
,
USD
132.3774
135.0249

buna

USD
132.2524
134.8974
,
EUR
148.7074
151.6815
,
GBP
173.5644
177.0357
,
AED
35.7075
36.4217
,
SAR
34.1012
34.7832
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
131.9869
134.6267
,
GBP
178.084
181.6457
,
EUR
149.696
152.6899
,
CHF
160.023
163.2234
,
CAD
95.6878
97.6015
,
AED
35.9349
36.6536
,
SAR
35.1881
35.8918

berhan

USD
132.3117
134.9579
,
EUR
153.5213
156.5917
,
GBP
179.8778
183.4753
,
CAD
97.0454
98.9863
,
AED
36.0247
36.7452
,
CNY
18.4368
18.8055

wegagen

USD
132.3285
134.9751
,
GBP
179.5831
183.1749
,
EUR
152.8263
155.8828
,
CHF
163.0816
166.3433
,
SEK
13.9474
14.2265
,
CNY
18.4201
18.7885
,
JPY
0.9131
0.9313
,
AED
36.0331
36.7537

dgb

USD
132.0724
134.7138
,
EUR
148.5321
151.5027
,
GBP
167.2316
170.5762
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.8921
36.6099
,
CAD
79.1617
80.7449

enat

USD
131.9999
134.6398
,
EUR
149.5378
152.5286
,
GBP
173.5986
177.0706

ahadu

USD
132.2603
134.95
,
GBP
174.1091
177.5913
,
EUR
147.0413
149.9821
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

USD
132.4603
135.1095
,
EUR
149.9121
152.9103
,
GBP
176.8196
180.356
,
SAR
35.3171
36.0234
,
CHF
160.7918
164.0077
,
AED
36.0632
36.7845
,
KWD
0
0

dashen

USD
131.8746
134.5121
,
EUR
146.3808
149.3084
,
GBP
169.7623
173.1576
,
CAD
86.2457
87.9706
,
AED
32.4921
33.1419
,
SAR
31.8121
32.4484
,
CNY
16.5312
16.8618

oromia

USD
132.3112
134.9574
,
GBP
174.3332
177.8199
,
EUR
146.5876
149.5193
,
CHF
162.9448
166.2037
,
SAR
35.2679
35.9733
,
AED
36.0246
36.7451

lion

USD
132.335
134.9817
,
GBP
174.6382
178.131
,
EUR
150.0776
153.0792

developmentbank

USD
131.8409
134.4777
,
GBP
177.5897
181.1415
,
EUR
150.4173
153.4256
,
CHF
160.0399
163.2407
,
SEK
13.7121
13.9864
,
NOK
13.0176
13.2779
,
DKK
20.1659
20.5693
,
DJF
0.7384
0.7532
,
JPY
0.9076
0.9258
,
CAD
96.3397
98.2665
,
SAR
35.1519
35.855
,
AED
35.8946
36.6125
,
INR
1.5425
1.5734
,
KES
1.0189
1.0392
,
AUD
85.8021
87.5181
,
SDR
179.4355
183.0242
,
ZAR
7.4483
7.5973
,
CNY
18.3456
18.7125
,
KWD
430.3287
438.9353

coop

USD
131.8606
134.4978
,
GBP
168.331
171.6976
,
EUR
143.4649
146.3342
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

gadaa

USD
132.3432
134.9901
,
GBP
164.0356
167.3163
,
EUR
150.4273
153.4358
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1012
134.7432
,
EUR
148.0274
150.988
,
GBP
173.2815
176.7471
,
SAR
35.8419
36.5587
,
AED
36.597
37.329

amhara

USD
132.998
135.658
,
GBP
179.7069
183.301
,
EUR
152.0832
155.1249
,
CAD
97.1923
99.1362
,
AED
36.2156
36.9399
,
SAR
35.4624
36.1716

tsehay

USD
131.5382
134.169
,
GBP
169.2591
172.6443
,
EUR
147.856
150.8131
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
132.2392
134.8839
,
EUR
153.4371
156.5058
,
GBP
179.7791
183.3747
,
AED
36.005
36.7251
,
CHF
162.8561
166.1132
,
SEK
14.0065
14.2866
,
NOK
13.2585
13.5237
,
DKK
20.5692
20.9805
,
DJF
0.7406
0.7554
,
INR
1.546
1.5769
,
JPY
0.9219
0.9404
,
CAD
96.9922
98.932
,
SAR
35.2487
35.9537
,
ZAR
7.4334
7.5821
,
CNY
18.4267
18.7952
,
KWD
432.2766
440.9221
,
KES
1.0219
1.0424

siinqee

USD
132.0996
134.7416
,
EUR
150.5593
153.5705
,
GBP
178.7073
182.2814
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
132.2
134.844
,
EUR
149.0078
151.988
,
GBP
171.2119
174.6361
,
CHF
148.0209
150.9813

gohbetoch

USD
132.2305
134.8751
,
EUR
148.8552
151.8323
,
GBP
174.4931
177.9078
,
AED
35.0447
35.7758

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9296
0.9389
,
KWD
437.0664
441.4371
,
CNY
18.6464
18.8329
,
ZAR
7.5052
7.5802
,
XDR
182.3467
184.1702
,
EUR
152.6013
154.1273
,
AED
36.4948
36.8597
,
SAR
35.7387
36.0961
,
AUD
86.7833
87.6511
,
CAD
97.746
98.7235
,
USD
134.0489
134.1149
,
KES
1.0351
1.0662
,
INR
1.5601
1.5757
,
DJF
0.7508
0.7733
,
DKK
20.4614
20.666
,
NOK
13.2437
13.3762
,
SEK
13.9438
14.0833
,
CHF
162.7597
164.3873
,
GBP
181.2877
183.1006

binance

USDT
157.29
156.69

Oromia Bank Review

Oromia Bank

Oromia Bank

7.6 Rating

14% Loan Interest

Current Account Protection

Diaspora Focused Financing

Bank Guarantee Service

Interest Free Banking

Multi Service IFB

Written by: abenezer   Proof Read by:  abenezer

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 buying selling Difference
Flag of USD

USD

($)

132.31
134.95

± 2.64

Flag of GBP

GBP

(£)

174.33
177.81

± 3.48

Flag of EUR

EUR

(€)

146.58
149.51

± 2.93

Flag of CHF

CHF

(CHF)

162.94
166.20

± 3.25

Flag of SAR

SAR

(ر.س)

35.26
35.97

± 0.70

Flag of AED

AED

(د.إ)

36.02
36.74

± 0.72

[ez-toc]

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 

The bank offers USSD-based services, allowing customers to access their accounts and perform transactions using their feature phones by dialing on *840#. 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.

Financial Reports
  1. Financial Performance: Oromia Bank reported a net profit of ETB 2,347 million (approximately USD 53 million) in 2023, representing a growth of 23% compared to the previous year.
  2. Assets: The bank’s total assets increased by 17% to ETB 134 billion (approximately USD 3.1 billion) as of December 2023.
  3. Loans and Advances: Oromia Bank’s gross loans and advances grew by 15% to ETB 94 billion (approximately USD 2.1 billion) as of December 2023.
  4. Capital Adequacy Ratio (CAR): The bank’s CAR stood at 14.32% as of December 2023, which is above the regulatory minimum requirement of 10%.
  5. Risk Management: Oromia Bank has implemented various risk management strategies to mitigate potential risks, including credit risk, market risk, and operational risk.

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

9.2

Mobile Banking

6

Internet Banking

6

Saving Interest

8.6

Customer Service

8

Diaspora Benefit

8

Visit Website

Customer Favourite Banks In Ethiopia

Show More
Zemen Bank

Zemen Bank

Pre Paid Cards

Debit card linked with Zemen Account

Read Review
Awash Bank

Awash Bank

Business Banking

Plenty of business banking choices

Read Review
Commercial Bank of Ethiopia (CBE)

Commercial Bank of Ethiopia (CBE)

CBE Birr CBE NOOR

For business

Read Review
Bank of Abyssinia

Bank of Abyssinia

E-Commerce

Simplify Customer Experience

Read Review