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OIB held 8th General Meeting of Shareholders

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Oromia International Bank held its 8th Annual Ordinary General Meeting of

Shareholders colorfully here in Finfinne at Millennium Hall on Saturday 4th

November, 2017.

As always, the meeting was opened by the blessings of elders thanking God

for His protection and guidance along the way and praying for peaceful and

successful meeting.

The Board of Directors Chairperson Obbo Gaddissa Bultossa presented the

just ended fiscal year performance report of the Bank. In his report, Obbo Gadissa

noted that the Bank has continuously been registering remarkable achievements

since establishment. During the year under review, OIB sustained its growth trend

amid stiff competition in the industry and local and global challenges.

He also indicated that OIB is pressing ahead with operational performances such

as deposit mobilization, income generation, and branch expansion, among others.

As the Bank extends its geographic presence, job opportunities are created for a

number of citizens, he added.

Gadissa further stated in his report that the Bank is witnessing its belongingness

to the people as OIB has been doing well in discharging its social responsibilities.

According to him, OIB donated over Birr 2.3 million for drought-stricken citizens

during the reporting year.

The External Auditor also presented the 2016/17 financial report of the Bank and

the shareholders lively discussed issues related to performance and audit report

of the Bank.

The day also marked the election of 12 new Board of Directors among the final 24

candidates. Finally, 12 members of Board of Directors were elected where 6 of the

previous members were re-elected.

Over 3,000 shareholders convened at the assembly and it was successful and

colorful meeting.

 

 

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