Reports of the last four years of the Growth and Transformation Plan (GTP) revealed revenues from oilseed surpassed what coffee managed to bring to Ethiopia. During the 2013/2014 fiscal year, oilseed brought U.S. $ 920 Million which was U.S. $ 201 Million up when compare to revenues from coffee.
Ethiopia’s export revenue from oil seeds, pulses and spices took another hit for a third consecutive year as global price falls. The export revenue suffered from the consistent global prices fall which the Ministry of Trade (MoT) and commodity exports plan to avert it by expanding export volume and meeting export targets.
Omo Bank announced that it was able to collect a revenue of Birr 1.5 billion during the 2021/2022 fiscal year. The bank also distributed loans which total Birr 3.5 billion. In addition, its total assets have reached Birr 12 billion.
Omo Bank secured a gross profit of Birr 77 million during the past six months. The bank got approval from the National Bank of Ethiopia to transition from a micro finance institution to a bank in June last year.
Omo Bank has announced that it had reached a capital of one billion birr, enabling it to provide comprehensive banking services.
