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

USD
133.6519
136.3249
,
GBP
180.4378
184.0466
,
EUR
153.9701
157.0495
,
JPY
0.7905
0.8063
,
SAR
32.1647
32.808
,
AED
32.8522
33.5092
,
CAD
87.2003
88.9443
,
CHF
144.9619
147.8611
,
NOK
10.8368
11.0535
,
DKK
17.5364
17.8871
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

abay

USD
132.9817
135.6413
,
GBP
180.9215
184.54
,
EUR
154.2986
157.3846
,
AED
36.2052
36.9293
,
ZAR
7.4811
7.6308
,
SAR
35.4561
36.1652
,
JPY
0.9125
0.9308
,
CHF
164.8669
168.1643
,
AUD
86.345
88.0719
,
CNY
18.5371
18.9079

zemen

CAD
98.1682
100.1316
,
EUR
155.892
159.0098
,
GBP
173.9501
177.4291
,
SEK
14.1236
14.4061
,
USD
133.9997
136.6797

buna

USD
133.8095
136.4857
,
EUR
154.9901
158.0899
,
GBP
178.2021
181.7661
,
AED
36.192
36.9158
,
SAR
35.7075
36.4217
,
CAD
94.006
95.8861
,
AUD
64.239
65.5238
,
JPY
0.94
0.9588

nib

USD
133.0428
135.7037
,
GBP
182.6013
186.2533
,
EUR
155.833
158.9497
,
CHF
166.5742
169.9057
,
CAD
97.403
99.3511
,
AED
36.2238
36.9482
,
SAR
35.4724
36.1818

berhan

USD
132.4685
135.1179
,
EUR
148.7035
151.6776
,
GBP
181.813
185.4493
,
CAD
96.9826
98.9222
,
AED
36.0674
36.7888
,
CNY
18.4705
18.8399

wegagen

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
132.8055
135.4616
,
EUR
149.6775
152.6711
,
GBP
174.6006
178.0926

ahadu

USD
133.6323
136.3049
,
GBP
174.1091
177.5913
,
EUR
147.0413
149.9821
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
133.9991
136.6791
,
EUR
156.5853
159.717
,
GBP
183.263
186.9283
,
SAR
35.7274
36.4419
,
CHF
167.7715
171.1269
,
AED
36.4842
37.2139
,
KWD
0
0

dashen

USD
133.9746
136.6541
,
EUR
155.4105
158.5187
,
GBP
180.8657
184.483
,
CAD
87.6191
89.3715
,
AED
33.0095
33.6697
,
SAR
32.3187
32.9651
,
CNY
16.7944
17.1303

oromia

USD
133.9745
136.654
,
GBP
176.5248
180.0553
,
EUR
148.4303
151.399
,
CHF
168.0142
171.3745
,
SAR
35.7209
36.4353
,
AED
36.4775
37.2071

lion

USD
134.0414
136
,
GBP
180.27
183.8754
,
EUR
154.9538
158.0529

developmentbank

USD
132.3534
135.0005
,
GBP
181.2712
184.8966
,
EUR
155.1447
158.2475
,
CHF
165.9812
169.3008
,
SEK
13.9284
14.207
,
NOK
13.0986
13.3606
,
DKK
20.7959
21.2118
,
DJF
0.7413
0.7561
,
JPY
0.9177
0.9361
,
CAD
96.7708
98.7062
,
SAR
35.2886
35.9944
,
AED
36.0361
36.7568
,
INR
1.542
1.5729
,
KES
1.022
1.0425
,
AUD
86.4135
88.1418
,
SDR
181.7742
185.4096
,
ZAR
7.4501
7.5991
,
CNY
18.4743
18.8438
,
KWD
432.8089
441.465

coop

USD
132.3606
135.0078
,
GBP
168.331
171.6976
,
EUR
143.4649
146.3342
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

gadaa

USD
132.9932
135.6531
,
GBP
164.6856
167.6793
,
EUR
151.0773
154.0988
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1301
134.7727
,
EUR
148.063
151.0242
,
GBP
173.3231
176.7895
,
SAR
35.8505
36.5675
,
AED
36.6058
37.3379

amhara

USD
134.6599
137.3531
,
GBP
184.8746
188.5721
,
EUR
157.7541
160.9092
,
CAD
98.6086
100.5808
,
AED
36.6691
37.4025
,
SAR
35.9055
36.6236

tsehay

USD
132.8509
135.5079
,
GBP
169.2591
172.6443
,
EUR
148.836
151.8127
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
133.9526
136.6316
,
EUR
158.2918
161.4576
,
GBP
184.6134
188.3057
,
AED
36.4675
37.1969
,
CHF
169.969
173.3684
,
SEK
14.2212
14.5057
,
NOK
13.3763
13.6738
,
DKK
21.2168
21.6412
,
DJF
0.7502
0.7652
,
INR
1.5668
1.5981
,
JPY
0.9373
0.9561
,
CAD
98.4945
100.4644
,
SAR
35.715
36.4293
,
ZAR
7.6161
7.7684
,
CNY
18.7038
19.0778
,
KWD
439.0028
447.7828
,
KES
1.0344
1.0551

siinqee

USD
132.7897
135.4455
,
EUR
152.015
155.0553
,
GBP
178.7173
182.2916
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
133.2001
135.8641
,
GBP
175.1027
178.6048
,
EUR
156.1372
159.2599
,
AED
36.2666
36.9919
,
CAD
97.3899
99.3377
,
CNH
18.5925
18.9644
,
CHF
148.0209
150.9813

gohbetoch

USD
133.9305
136.6091
,
EUR
152.412
155.4602
,
GBP
177.4716
181.009
,
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
0.9361
0.9454
,
KWD
442.2143
446.6364
,
CNY
18.8636
19.0522
,
ZAR
7.5564
7.632
,
XDR
185.8444
187.7029
,
EUR
158.4622
160.0469
,
AED
36.835
37.2033
,
SAR
36.0709
36.4316
,
AUD
88.4104
89.2945
,
CAD
99.0464
100.0369
,
USD
135.2875
135.4483
,
KES
1.0447
1.076
,
INR
1.5817
1.5976
,
DJF
0.7577
0.7804
,
DKK
21.2392
21.4516
,
NOK
13.4303
13.5646
,
SEK
14.2729
14.4157
,
CHF
169.3846
171.0785
,
GBP
185.6821
187.5389

binance

USDT
159.8
159.09

Oromia Bank Review

Oromia Bank

Oromia Bank

7.1 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

($)

133.97
136.65

± 2.67

Flag of GBP

GBP

(£)

176.52
180.05

± 3.53

Flag of EUR

EUR

(€)

148.43
151.39

± 2.96

Flag of CHF

CHF

(CHF)

168.01
171.37

± 3.36

Flag of SAR

SAR

(ر.س)

35.72
36.43

± 0.71

Flag of AED

AED

(د.إ)

36.47
37.20

± 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)

7.1

Oromia Bank

Loan Interest

6.1

Mobile Banking

6

Internet Banking

6

Saving Interest

8.6

Customer Service

8

Diaspora Benefit

8

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