It gives us a great pleasure to inform our esteemed customer that in the banking history of Ethiopia, Oromia International Bank S.C. has been the most successful bank so far, in that it was able to open a total of 26 branches in only eight months’ time. Of these branches, 80% were opened outside the capital city. In fact, this achievement of OIB has awakened the banking industry. As a result, the number of OIB’s branches in Ethiopia has now reached 270.
Despite its aggressive outlet expansion and its huge start-up expenditures, OIB has also been able to break even within its first year of operations.
What is more, OIB has made correspondent relations with internationally acclaimed financial institutions and money-transfer agents soon after it commenced operations.
OIB is now working in full gear introducing new bank products and reaching the unbanked society, regardless of the fact that it is a relatively new comer among the other banks operating in Ethiopia.
After acquiring a plot of land to build its headquarters whose soil test and architectural design has been finalized, the Bank is on the verge of commencing the construction of the 29 storey headquarters complex at the premises of the future financial Hub.
Currently, OIB owns a G+13 twin Building Head Office on Bole road, around Olympia immediately beside Getu Commercial Center formerly known as SA building.
In general, it has been able to build a good reputation for itself and to gain the full acceptance of the public at large within a very short period of its establishment.