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OIB evaluated 2017/18 first six month performance

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Oromia International Bank S.C held its semi-annual Management Performance review Meeting

on Feb 3, 2018 at UNECA Conference Centre, here in Finfinnee.  

The meeting is themed with “Maintaining the momentum of excellent performance through

the influence of exemplary leadership.”

OIB’s Executive Management, Directors, District Managers, Division Managers from the head office,

and Branch Managers summoned to evaluate the 2017/18 FY half year performance against the plan.

President of OIB, Abie Sano, opened the meeting in his keynote address that the Bank is registering

magnificent results amid global and local financial challenges particularly related to the scarcity of foreign

currency in the local market. He also acknowledged the performance in the area of deposit, revenue and

FCY generation. 

Director – Strategic Management and Business Development, Obbo Neway Megersa presented the six

months corporate performance report.

In his report, Neway highlighted the Ethiopian Banking industry performance over the last six months

comparing the private and public banks’ trend. He then presented OIB’s performance report of six month

performance on major thematic areas deposits mobilization, Loan and Financing, Foreign currency

Generation, Income and Expense, and Profit in which OIB outshined in comparison to the last year

same period performance on one hand and in the industry on the other.

At the end of his presentation Neway called for consorted effort to keep the momentous growth of the

bank and put OIB in top position it deserves.

Vice President- Branch Banking, Alemayehu Demisse presented detail performance of branches in their

respective districts where all branches’ performance measured by all parameters.

The Board of Directors Chairperson Obbo Gadisa Bultossa on the closing remark said that the registered

result in six months’ time was an indicator of realizing our vision to become the first choice. He vowed that

the Board of Directors will work closely with the Management for further excellent performance in every sphere.

 The participants entertained questions, comments and opinions that go towards achieving common goals

and taking OIB onward with sound commitment and determination.

The discussion was lively as well as a landmark to register even better performance in the remaining portion of the year.

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