Chala Report
Chala Report
1
Chapter one
1. Introduction
The first and the only cooperative bank in Ethiopia is cooperative Bank Of
Oromia. Formally stablishing project office in 2002. Obbo Haile Gabre Lube
regarded as the founding father of Cooperative Bank of Oromia.
1.1.2 Vision
1.1.3 Mission
Salient Features
Objectives
•To promote saving culture and create access to loans
Corporate Governance
Our corporate governance reveals on how the Board has functioned and the
structures of governance. The Bank functions under a governance framework that
enables the Board to discharge its role of providing oversight and strategic counsel
with its responsibility to ensure the Bank’s compliance with regulatory
requirements and acceptable risk
CBO Dhadhacha Arara branch has total employees of 17. Among them 11 are
males and 6 are females.
Branch manager …1
Supporter………….3
Security …………. .6
Accountant ………..1
3
Cashier …………….1
Customer officer…....4
Auditor ……………...1
4
Fixed time account
Ethiopian Citizen or Origin living in Foreign Land (ECOLFL) Savings
Account
Diaspora consumer loans
Mortgage/home loan
Automobile loan
Personal loan
FIXED TIME ACCOUNT
Features and Benefits
It is an interest-bearing account with agreed maturity date,
The amount needed to open the account shall at least be USD 100 or its
equivalent of the eligible currency,
The minimum maturity period is three months that could be opened with an
initial deposit of USD 5,000
Interest on such accounts shall be payable only if they are maintained at least
for the minimum period,
Interest income on such accounts is tax-free.
ETHIOPIAN CITIZEN OR ORIGIN LIVING IN FOREIGN LAND
(ECOLFL) SAVINGS ACCOUNT
Features and Benefits
Local currency savings account opened by non-resident Ethiopians or non-
resident foreign nationals of Ethiopian origin
An applicant(s) can open in person or through his/her/their agent at a nearby
branch of Cooperative Bank of Oromia
All deposits to the account shall be made in foreign currency
This account will bear annual interest equivalent to the prevailing NBE set
savings interest rate
5
Couples can open Joint ECOLFL Savings Account
6
CHAPTER- 2
The most important benefits that I gained from the CBO’s activities are
improvement of my practical skill on how customers are attracted toward service
.In general, the following points are the most developed qualities of works those
are greatly encouraging us for being successful in our daily activities gained from
internship program.
productivity.
Willingness to learn from others.
Cooperation within workers
7
Patience
working with people of different background
8
CHAPTER 3
3. Reflections
For the past one month of this internship, I gained a lot of experience from both
coworkers and my supervisor. And also, since the behavior of the bank’s activities
are connected with customers of different background and behavior, this will help
me to improve my future career. This internship provided me practical things of
what I learned in the theoretical class. And this internship changed my wrong
attitude regards to how bank and money are related to each other. And also this
internship used as a bridge between theoretical part and actual part. I have gained
know how- how of foreign currency. This internship really builds my personality
with regards to the following;
9
Chapter 4 Conclusion and Recommendation
4.1 Conclusion
Internship is very important program in which the students are exposed to real
application area of their concern there by developing their practical skill in proper
manner. And I as an intern of BME, the internship helped me more than you think.
The internship is the mirror of what the student sees his real person in it.
10