Ethiopia's Oromia International Bank has acquired the 13-storey SA building located on Africa Avenue, Bole Road. The Bank bough the building for 210 million Ethiopian birr in June 2013.

SA building, inaugurated in 2006, lies on 1,192 square meter lot and its construction was estimated to have costed 50 million, according to Fortune.

Oromia International Bank's current headquarter is located on Ras Abebe Aregay Street in a rented premise, the bank expects to move into its own headquarter building with four months.

Oromia International Bank posted 102 million birr earning, a 56.4 percent increase form the previous year.

Established in 2008, Oromia International Bank has now 68 branches across Ethiopia.

Source: Fortune