Oromia Bank earns 1.13 billion birr before tax and deposits reached 34.35 billion birr. The bank earned $181 million in foreign exchange during the ended fiscal year. Interest-free loans reached $25.77 billion and its total assets reached 41.7 billion birr.
The paid up capital of Oromia bank has reached 3.46 billion birr. Its bad debt rate was 2.43 percent, the lowest in the bank’s history, and less than the 5 percent target set by the National Bank of Ethiopia.
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