The assets of the Cooperative Bank of Oromia (CBO) surpassed 100 billion birr, the company said in a statement released today.
It is the fourth financial institution to surpass the 100 billion Br mark, just next to Awash, Abyssinia and Dashen banks.
The 17-year financial institution has more than 8.8 million customers, with a paid-up capital of seven billion birr.
Led by Derbie Asfaw since 2017, Cooperative is among most profitable financial institutions in Ethiopia. In 2020/21, it has netted a profit of 1.1 billion birr.
