Get In Touch
Bole, Africa Avenue Addis Ababa Ethiopia
Email info@orointbank.com
Ph: + 251 115 572 002
P.O.Box: 27530/1000 Addis Ababa,Ethiopia
Fax: + 251 115 572 002
SWIFT CODE: ORIRETAA

Salam

Interest Free Financing

Salam Financing is a forward sale contract whereby the seller undertakes to supply some specific goods to the buyer at a definite future date in exchange for an advanced price fully paid at spot. It deals with future delivery of agricultural products and crafts at the place, quality and amount specified in the pre-agreed contracts between the bank and the customer.

Interest Free Financing

  • A trader in need of short-term funds sells commodity to the bank on a deferred delivery basis and easily gets working capital;
  • Insurance (Takaful) coverage is needed to ensure risk mitigation system;
  • The bank may get into parallel Salam for the same commodity with third party or may sell the commodity in the market at the prevailing price;
  • It receives full price of the merchandise on the spot that serves its financing need at present;
  • The Bank may ask collateral for this kind of service.

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More great
products

Digital banking made simple
Explore our online banking features

Mobile-banking2

OROMOBILE BANKING
OroCash Allows you to conduct financial transactions by using your mobile device.

Card-banking

OROCARD BANKING
Enjoy fast and convenient Card Banking services with our ATMs 24/7.

Interneyt-banking

OROCLICK BANKING
Explore the power of simpler and smarter online banking services.

Agent banking

OROAGENT BANKING
Our Agent Banking Service which provides limited banking services.

Keeping you connected
to your finances

Access your accounts anywhere, anytime Securely manage your accounts at home, at work and on the go.

Oromia Bank’s digital banking services make accessing and managing your accounts from your computer or mobile device easy and convenient. Whether you need to check your balance, pay bills, or transfer money,our digital banking services help you track and manage your finances everywhere you’re connected.

Convenience
Deposit checks, pay bills, send wires and
manage your accounts from anywhere, 24/7

Security
Keep your accounts protected with
advanced security features

Flexibility
Enjoy more ways to control your finances
without visiting your branch

Account access
Manage your accounts from your computer,
iOS® or Android™ device