2. Who We Are
Idea of founding the bank, emanated from the gap of financing rural
farmers and cooperatives.
Since there is no legal provisions that allow establishment of a
cooperative bank in the country, CBO was registered on October 29,
2004 in accordance with article 304 of the commercial code of Ethiopia
and commenced operations on March 8, 2005.
History of Establishment of CBO
3. • Our bank is growing at a fastest rate putting its vision to be the
leading private bank in Ethiopia by the year 2025 and the bank has
also identified “Digital Transformation” as one of pillars of
excellence,
• Taking into account the future of banking to be digital the bank has
launched COOPay Ebirr platform in collaboration with Ebirr to
provide digital banking services to its esteemed customers.
• Which can be accessed through three different channels such as
USSD, application (IOS and Android) and web (portal).
Cont’d…
4. “We root our foundation in communities to provide banking
solutions that create greater customer experience with
emphasis to cooperatives and agro- based businesses
through proper use of human resource and up-to-date
technologies to maximize stakeholders’ value.”
Mission
Vision
To be the leading private bank by 2025 in Ethiopia
Cont’d…
6. 55.1% (in amount)
Cooperatives and Farmers
• Primary Cooperatives; 5,392 (18.3%)
• Cooperatives Union; 107 (29.9%)
• Cooperatives Federation; 1 (4.4%)
• Individual Farmers; 2,242 (2.5%)
• Sub-total; 7,742
44.9% (in amount)
Non-Cooperatives
• Organizations and Associations (Idir, PLCs, S.Co’s); 281 (10.1%)
• Individuals; 12,821 (34.8%)
• Sub-total; 13,039
20,781 Number of shareholders
Total
Ownership Structure
7. • Coopbank has registered remarkable achievements that would help
as a foundation for more success to come and currently, the bank
has more than 11 million customers’ deposit accounts, 143 billion
assets and more than 735 branches and 50+ Echo branches across
the country.
Status
8. Role of Coopbank in financial inclusion
• Cooperative Bank of Oromia S.C is one of the strong organizations working for
financial inclusion.
• Since our mission is “give emphasis to cooperatives and agro-based
businesses “ We still playing a crucial role for the grass root community,
especially by serving un-banked and underbanked societies in rural areas.
• We embarked on technology revolution, because no way of achieving
financial inclusion without significant use of technology
• Large section of financial excluded population inhabits rural areas, so we
believe that working with primary cooperatives, unions can solve these
problem.
9. Coopbank is rendering the following digital
banking products for customers.
Coopay Ebirr platform;
ATM card(Gamtaa and Halal)
Michu/ uncollateralized digital lending
Chatboot
Digital Banking Products
10. Cont’d…
• Agent-on behalf of our banks
• Merchant-a person/a company that sells goods and services.
• Customer-an individuals using our digital banking service.
11. Super agent model
Super-Agent- means a legal person/institutions/company which has an
overcharging agreement with the bank to contract and manage sub agents (including
outlets) that provide agent service to customers on behalf of the bank.
Is an initiative to penetrate the smaller and largely unbanked communities in
Ethiopia.
The company with an existing business, operational for at least 12 months and
have permanent physical premises.
15. What are we bringing to the
table?
SACCO-Link Core Banking Solutions, revolutionizing the way
financial cooperatives like SACCOs, unions, and microfinance
institutions conduct their business.
With SACCO-Link, manual transactions are replaced by cutting-
edge digital technologies, streamlining operations and transforming
the way these institutions serve their members. Say goodbye to
cumbersome paperwork and hello to a new era of efficiency.
16. SACCO-Link: Core Banking Solution for Financial Cooperatives
The SACCO-Link’s unique value lies in its seamless integration
with Coop Bank, that’s when the SACCOs or Union members
deposit their monthly payments at our bank, the transaction is
reflected seamlessly in their system. For Members, there will be
no more carrying advice/slip to the SACCO’s offices. We do it
systematically.
Real-time data synchronization, financial statements reports,
and secure transactions are just a few of the benefits that come
with our Core Banking solutions.
17. How we do?
We are dedicated to offering a comprehensive range of training options
tailored exclusively for staffs.
Our expert team will provide an extensive series of both virtual and in-person
training sessions, which is designed to empower employees with mastery
over the system.
Our commitment goes beyond the training sessions and as we will
consistently provide continuous technical support, guaranteeing a seamless
learning and experience for the staffs.
18. SACCO-Link Core Banking is rich with the following Modules.
What is in SACCO-Link for you?
Members KYC
Registration
Loan Processing
Saving Accounts
Management
Share Management
Financial Reports
19. Invitation
Join the growing number of financial cooperatives, unions, and microfinance
institutions that have embraced innovation with SACCO-Link.
Use cloud based standard solution, Transform your operations, enhance member
satisfaction, and gain a competitive edge in the dynamic financial market.
Contact us today and experience the unique value of SACCO-Link Core-Banking
solutions for yourself. Together, let's pave the way for a new era of efficiency, security, and
growth.
20. SACCO-Link enables members to have all the account types:
Savings, Share and Loan accounts
And they can deposit, withdraw and transfer from their accounts like bank customers
do.
Business Integration with Coopbank, also give them access to the following services:
• Mobile banking,
• Co-Branded ATM,
• USSD,
• Remittance Services and etc.
SACCO-Link – Core Banking Solution
21. Why SACCO-Link?
• Manual Practice Process Automation
• Less Customer Base Expanded Customer base
• Less Range of Services Wide Range of Services
• Narrow Integration Wider Integration
• Time taking & Costly Efficient use of Resources
23. Best Practice with OCFCU
• Established 1999, by 34 cooperatives with 22,691 farmers
• Today have 405 cooperatives with over 400,000 members
• Members of OCFCU are the growers, processors, and suppliers
of high quality, organic Arabica coffee for the direct export.
24. Performed activities on cooperatives by Coopbank
1.Selection of primary cooperatives, unions, MFI
2.Onbording primary cooperatives, unions, farmers & MFI
3. Pilot test Conducted
4.Training delivered on financial literacy and how to use the digital platform.
5.Transactions executed using coopay ebirr platform for the farmers
6.Many merchants and agents are recruited around the area where they
are living.
25. • 19 primary cooperatives are selected and trained.
• More than 55 merchants
• 33 agents are on boarded
• 15 SACCOs are on boarded
• 5 unions recruited.
Cont’d…
28. Methods of collaboration
Agency Banking: Cooperatives, Unions and MFI can deliver agency banking service on behalf of our bank and will
be able to diversify your revenue streams (super Agent/sub-Agent)
Merchant Payment: We can change the payment collection from the current Cash based to Digitalized (Cashless)
payments
This will benefit you
o By easing the operation
o By minimizing the risk related to cash handling
o Will allow for easy and convenient settlement and reconciliation
o Easy and fast payment for your suppliers
Can benefit from our products including SACCO-Link.
Conduct payments for their clients simply using our platform.
Together we will be able to contribute for financial inclusion and digital transformation of our country
Customer base – related to member size
Range of business – related to creation of different saving and loan products that meet Saccos objective
Integration – integration to diverse banking services like ATM, Mobile Banking, SMS.
