Cooperative Bank of Oromia (COOP)

The Cooperative Bank of Oromia was formally established in 2002, driven by the vision of Haile Gebre Lube, a prominent advocate for cooperatives in Ethiopia. Recognizing the significant financial exclusion faced by rural communities, the bank aimed to provide accessible financial services to farmers and small businesses, who had long been overlooked by mainstream urban-focused institutions. Beginning operations in 2005, it sought to fill the gap in financial services by capitalizing on the existing informal systems, such as ‘Equbs’ and ‘Idirs,’ while empowering cooperative societies as the majority shareholders. This initiative was crucial for sustaining the cooperative movement and addressing the pressing financial needs of underserved populations in rural areas, despite the absence of specific legal frameworks for cooperative banking in Ethiopia.

Vision:

Leading the way in financial inclusion, sustainability, and community empowerment for a brighter future.

Purpose:

Empowering community, transforming lives.

Core Values:

Core value of COOP Bank is "SCALE"

S – Stewardship for environment

C – Community well-being

A – Accountability, fairness, and equity in service delivery

L – Living into & respect for tradition, education, and innovation

E – Equal opportunity & inclusive governance

Motto:

Empowering communities, transforming lives.

Tagline:

Bank smarter, live better.

COOP Bank has The Following Product & Services:-

1. Deposit Products

Demand Deposit

1. Ordinary Demand Deposit
2. Special Demand Deposit

Saving Deposit

1. Regular Savings Account
2. Sinqe Women Savings Account
3. Youth Savings Account
4. Gamme-Junior Account
5. Special Savings Account
6. Gudunfa Savings Accounts
7. Farmers’ Savings Account

Fixed Time Deposit

Fixed time deposit is a type of deposit which is accepted for a certain fixed period of time with negotiable interest rate.

2. Loans & Advances

1. Collateralized commodity financing (CCF)
2. Overdraft facility
3. Merchandise loan facility
4. Pre-shipment export credit facility
5. Revolving export credit facility
6. Letter of guarantee facility
7. Term loan
8. Agricultural term loan
9. Motor vehicle loan
10. Agricultural machinery loan
11. Construction machinery loan

3. Trade Service

1. Import
2. Export
3. Money transfers
4. Guarantee (Foreign)

4. Digital Offerings

1. COOPay-Ebirr
2. Card Banking
3. Michu
4. CoopApp
5. CoopApp Alhuda

5. Other Financings

1. Partial Financing For Acquired And Foreclosed Collateral
2. Equipment/Machinery Lease Financing
3. Import Letter of Credit Settlement Loan

7. Interest Free Deposit Products

1. Wadiah Saving Account
2. Labbaik Wadiah Saving Account
3. Mudarabah Saving (Ordinary Mudarabah) Account
4. Mudarabah Investment/Time Deposit Accounts
5. IFB Foreign Currency Deposit Products
6. Wadi’ah ECOLFL Saving Account
7. Wadi’ah Retention Accounts

8. Interest Free Financing Products

1. Murabahah Term Financing
2. Murabahah Revolving Financing
3. Murabahah Import Letter of Credit Financing
4. Murabahah Pre-Shipment Export Financing
5. Murabaha Post Shipment/Revolving Export Financing
6. Murabaha Import Letter of Credit Settlement Financing

9. Investment Contracts

1. Musharakah Financing
2. Mudarabah Financing

10. Cooperatives and Coopbank

1. Cooperative Saving
2. Cooperative Financing
3. Working Capital Loan
4. Agriculture Mechanization
5. Agriculture Processing
6. Export Financing Facilities
7. Cooperatives Capacity Building and Advisory
8. Capacity Building and Advisory Services
9. Intended Impact of Coopbank’s Advisory Services
10. Stakeholders to Partner with Coopbank

11. Diaspora Services

Diaspora Deposit Accounts

1. Diaspora Current Account
2. Diaspora Savings Account
3. Fixed Time Account
4. ECOLFL Savings Account
5. FCY Retention Account
6. Non-Resident Accounts

Diaspora Business Loans

1. Diaspora Investment Financing
2. Diaspora Working Capital Loan

Diaspora Consumer Loans

1. Mortgage/Home Loan
2. Automobile Loan
3. Personal Loan

Mobile & Internet Banking

Mobile Banking

Android App: Download Here

IOS App: Download Here

USSD: *841#

Coopay-Ebirr

Android App: Download Here

IOS App: Download Here

Michu

Android App: Download Here

Internet Banking

Access Coop bank Internet banking Here.