Brief overview of OMO bank

Omo Bank, a commercial bank in Ethiopia, was established in 1997, originating from the previous Omo Micro Finance Institution (S.C). It transitioned into a share company by registering with the National Bank of Ethiopia and Bureau of Trade and Industry of SNNPR, in accordance with the licensing and supervision of Micro Finance Institutions by Proclamation No 40/1996. Operations commenced in 1998 with services offered in four branches.

Presently, Omo Bank operates in 19 districts and has 240 branches. Headquarter is located in Mozambique street next to electric city office in front of federal urban job creation office, building G+0 to G+2 floors, Addis Ababa, Ethiopia .

The bank has played a significant role in the economic progress and development of the country.

On June 21, 2022, Omo Bank obtained a license to operate nationwide after meeting the minimum requirements set by the National Bank of Ethiopia for upgrading micro financial institution to a bank, by the registration number LLB/TM/030/2022.

Currently, our bank is prepared to extend its services nationwide, expanding from its previous operations in the SNNPR, Southwest Ethiopia and Sidama regions. The bank has already initiated this expansion by opening branches in Addis Ababa, with plans to continue opening branches throughout the entire country.

As of July 7, 2022, the institution employs a total of 6,320 staff members. Among them, 177 employees work at the head office, 500 in district offices, 3,293 at branch offices, and 2,350 serve as customer relation officers. Notably, 1,912 of the employees are women.

The bank’s organizational structure comprises the General Assembly, the board of directors, higher management officials, districts, and branches. The bank’s total capital has reached more than 3.1 billion, and its total assets amount to 12 billion as of the reported period ending on June 30, 2022.