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[Nov 2017] Oromia International Bank (OIB) Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Eth-Switch to Begin Pilot Trial

The much anticipated Eth-Switch, which is expected to centralize all banks’ online real-time and electronic (CORE) banking solutions, is to commence its pilot project on May 28, 2015.

Banks such as Oromia International Bank S.C (OIB) have been working with us, Bizuneh Bekele, CEO of Eth-Switch told Fortune, but declined to name any of other banks that are engaged in the actual process of integrating their system with Eth-Switch.

The project will have two phases: the first phase is the one that will be launched as a pilot

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Oromia International Bank S.C. (OIB) doubles it's profit

oromia-international-bank-headquarters-addis-ababaOromia International Bank S.C. (OIB), reported a year of staggering performance from the previous year, registering a profit after tax of 154.3 million Br, nearly doubling the previous year’s 78.1 million Br. Together with the profit, the earnings per share (EPS) has also gone up to 310 Br from the 192 Br in the preceding year.

“The profit of the bank

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