Oromia International Bank
Encyclopedia
Oromia International Bank is a private bank established in Ethiopia
on September 18, 2008 .
Oromia International Bank (OIB) started its operation on October 25, 2008 with a capital of 110 million Ethiopian birr
(Br), surpassing the minimum capital requirement by 35 million Br. With its headquarters located inside Dembel City Centre, on Africa Avenue (Bole Road), this Bank is chiefly promoted by Yemiru Nega, developer of Dembel and majority shareholder and general manager of Yencomad Construction . Established with the commercial banking business objectives, OIB aims to undertake a universal commercial banking service such as deposit mobilization, lending of money, remittance service, and international banking services.
Ethiopia
Ethiopia , officially known as the Federal Democratic Republic of Ethiopia, is a country located in the Horn of Africa. It is the second-most populous nation in Africa, with over 82 million inhabitants, and the tenth-largest by area, occupying 1,100,000 km2...
on September 18, 2008 .
Oromia International Bank (OIB) started its operation on October 25, 2008 with a capital of 110 million Ethiopian birr
Ethiopian birr
The birr is the unit of currency in Ethiopia. Before 1976, dollar was the official English translation of birr. Today, it is officially birr in English as well....
(Br), surpassing the minimum capital requirement by 35 million Br. With its headquarters located inside Dembel City Centre, on Africa Avenue (Bole Road), this Bank is chiefly promoted by Yemiru Nega, developer of Dembel and majority shareholder and general manager of Yencomad Construction . Established with the commercial banking business objectives, OIB aims to undertake a universal commercial banking service such as deposit mobilization, lending of money, remittance service, and international banking services.