June 20, 2024

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Oromia bank

Oromia Bank Signs a 1 Billion Birr Contract

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Oromia Bank has announced that it has signed a 1 billion birr contract for the construction of the second phase of the Center of Excellence that will be built in Gelan Oromia.

The first phase of the multi-purpose building that the bank is building on 20 hectares of land in Gelan sub-city of Oromia region is about to be completed. According to the information obtained from the bank, it has signed 1.1 billion birr construction contract with the contractor called Tilahun Abebe.

The 9-floor multi purpose building that will be built in Gelan will include bank professionals training and accommodation buildings including meeting halls, shopping malls, petrol stations, swimming pools and facilities that will be used for different businesses and services.

Oromia Bank CEO Mr. Teferi Mekonen and Tilahun Abebe General CEO Mr. Tilahun Ababa signed the contract yesterday.

Oromia Bank began operation on 25 October 2008 with a starting capital of 110 million birr. Its headquarter is located in Addis Ababa, the Ethiopian capital. The Bank has launched Electronic banking systems such as Card banking known as Oro-Card (ATM and POS), Mobile Banking named as Oro-Cash, Agent Banking-Oro Agent and Internet banking namely Oro-Click. The Bank is now one of the most influential and popular private banks in Ethiopia and also known for pioneering Interest free banking services.

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