After raising paid up capital from quarter billion to almost a billion Birr, Oromia International Bank (OIB) registered a 249 million Br net profit for the recently ended fiscal year, 12pc higher than the preceding fiscal year. This was disclosed during the Bank’s seventh annual meeting in Millennium Hall in... Read More
[Nov 2017] Oromia International Bank (OIB) Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz
Oromia International Bank has increased its profit after tax by 44pc to 221.8 million Br, boosting its earnings per share from the previous year’s 310 to 364 Br.
The 10th private bank to be formed in Ethiopia, OIB has been recording profits since it first started operations in 2008. Interest income has grown by 60pc to a little... Read More
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... Read More
Oromia 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... Read More