Cooperative Bank of Oromia – New Business Ethiopia

Ethiopia _ Cooperative Bank of Oromia profit up by $21 million

January 1, 2020January 1, 2020newbusinessethiopianews

Compared to the previous year the net profit of Cooperative Bank of Oromia (CBO), one of the private banks in Ethiopia, has increased by 29.2 percent reaching 666.7 million birr (about $21 million at the current exchange rate) during the budget year ended June 30, 2019.

Ethiopia banks capital hikes 8%

January 10, 2019January 10, 2019

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at the prevailing exchange rate) at the end of last Ethiopian fiscal year ended June 2018.