Oromia regional government and the Ethiopian federal government seem to be unfairly rewarding Siinqee bank. The salaries of Oromia government employees are being paid only through Siinqee Bank.
It has been the second month since the salaries of the employees have started to be paid through Siinqee Bank. In addition to this, projects operated by the federal government budget, compensation payments, traffic fine payments and similar services are also being handled by Siinqee Bank only.
According to a legal expert, the state owned Commercial Bank or the Development Bank of Ethiopia should conduct the operations which are being handled by Siinqee bank.
Siinqee Bank was formerly known as Oromia Credit and Saving Share Company (OCSSCO), which had been operating as a microfinance institution since 1997. The transformation process began in March 2021, and Siinqee Bank received its license in October 2021.
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ስንቄ ባንክ በየክፍለ ከተማዉ ለማስፋፋት ብትሞኩሩ
ማበረሰቡን ቀደም ብላቹ አካዉንት ለማስከፈት ብትሞኩሩ የበለጠ እዉቅና የገኛል
Bast Bank Sinke
I its good bank
Ineed