Cooperative Bank of Oromia review
Updated October 13, 2026 · VaultCue Editorial Team
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Cooperative Bank of Oromia serves customers across Ethiopia as a digital-first bank for everyday accounts and mobile management. For residents who want card payments, Islamic profit-sharing choices and tools for small firms and farmers, it brings together more than 16 million customers in one national network.
Key facts
- Best for
- Everyday banking in Ethiopia with mobile control
- Currencies
- 6↗
- Transfer fee
- 0 ETB, zero fees on remittance transfers↗
- Legal entity
- Cooperative Bank of Oromia S.C.↗
- Headquarters
- Ethiopia↗
- Founded
- 2005↗
- Support channels
- Email, Phone, Help-centre↗
- Audience
- Business
- Features
- Joint account
- Official website
- coopbankoromia.com.et
Savings
Pros and cons
Pros
- Digital-first everyday accounts with self-service opening using a national ID number
- Card payments for everyday purchases and international transactions from one bank
- Islamic profit-sharing banking that follows sharia principles through branches and digital channels
- Farmer and cooperative services linking markets, inputs and financial services together
Cons
- Focus on Ethiopia only, so less helpful if you live or travel abroad
- Digital emphasis may challenge customers who prefer branch paperwork and counter service
Who it suits
- Residents of Ethiopia seeking mobile everyday accounts
- Customers wanting banking that follows sharia principles
- Farmers and cooperatives seeking connected financial services
Who should look elsewhere
- People needing banking outside Ethiopia
How Cooperative Bank of Oromia compares
Where Cooperative Bank of Oromia is available
- Available
- Ethiopia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Cooperative Bank of Oromia offer for everyday money?+
Cooperative Bank of Oromia provides everyday accounts with mobile management, card payments for local and international purchases, and services for remittances. You can also find business financing for small firms and connected services for farmers and cooperatives.
Where does Cooperative Bank of Oromia operate?+
Cooperative Bank of Oromia operates across Ethiopia and serves more than 16 million customers there. Most of its transactions move through mobile channels. You manage your account from within the country through branches and digital platforms.
Who can find Cooperative Bank of Oromia useful?+
Cooperative Bank of Oromia suits customers who want to open an account with a national ID number without visiting a branch. It also suits families, small firms and farmers who want mobile tools. You stay in control through phone based account steps.
What Islamic profit-sharing options does Cooperative Bank of Oromia provide?+
Cooperative Bank of Oromia provides Islamic profit-sharing accounts that follow sharia principles alongside standard services. The service runs through dedicated branches across the country and through digital banking platforms. You can choose the channel that matches your everyday needs.
Where is Cooperative Bank of Oromia based?+
Cooperative Bank of Oromia is based in Ethiopia. (Source, checked September 26, 2026)
When was Cooperative Bank of Oromia founded?+
Cooperative Bank of Oromia was founded in 2005. (Source, checked September 26, 2026)
How can I contact Cooperative Bank of Oromia support?+
Cooperative Bank of Oromia offers support through Email, Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- coopbankoromia.com.et checked September 26, 2026
Backs: Audience
“Michu is transforming business financing, empowering over 3.4 million MSMEs with fast, AI-powered, collateral-free loans”
- coopbankoromia.com.et/about/coopbank checked September 26, 2026
Backs: Founded
“By March 2005, this vision became a reality as Coopbank opened its doors”
- coopbankoromia.com.et/contact-us checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“Cooperative Bank of Oromia (S.C) Building, Addis Ababa, Ethiopia”
- coopbankoromia.com.et/daily-exchange-rates checked September 26, 2026
Backs: Currencies
“Exchange Rate September 26, 2026 ... USD - US Dollar, GBP - Pound Sterling, EUR - Euro, AED - Arab Emirates Dirham, SAR - Saudi Riyal, CNY - Yuan Renminbi”
- coopbankoromia.com.et/faq checked September 26, 2026
Backs: Features, Minimum deposit
“Joint accounts shall be maintained in the name of two or three individuals to jointly operate the account”
- coopbankoromia.com.et/international-banking-2/money-trans... checked September 26, 2026
Backs: Payout methods
“FastPay: A mobile app that lets you transfer directly to Coopbank accounts”
- coopbankoromia.com.et/ordinary-saving-account checked September 26, 2026
Backs: Access terms, Account kind, Rate type
“No restrictions on the number and amount of deposits and withdrawals unless restricted by pertinent bodies”
- coopbankoromia.com.et/terms-and-tariffs checked September 26, 2026
Backs: Transfer fee, Fee to send 1,000
“No Fees on Transfers - Send money with zero fees - 100% free remittance service.”
Compiled from 8 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Licence type, Deposit protection, Currency conversion fee.