Cooperative Bank of Oromia (COOP) has announced its plans to erect a 65-storey building in the financial district of Addis Ababa. The building is expected to be a 4B+G+40 with 2 utility floors, 46 floors in total, and will be a landmark structure in the city’s skyline.
The mega structure is expected to have office rooms, shops, and other facilities that will cater to the needs of the bank’s customers and the general public. The building will also have state-of-the-art technology and infrastructure, making it a modern and efficient workspace.
This announcement comes after Cooperative Bank of Oromia signs an agreement with an international consulting firm, DAR Al-Handash Consultants, to build a modern building dubbed ‘Financial District Tower’ as part of the banking giant’s first phase of mega construction plans which it intends to undertake in various parts of the country.
COOP’s heavy investment in technology and infrastructure, and this new building has been indicated as a reflection of its commitment to providing world-class services to its customers. “COOP has been expanding its operations in recent years, and the construction of this new building is a testament to the bank’s commitment to growth and development.” Said Derbe Asfaw, Cooperative Bank of Oromia president.
The bank’s current headquarters is a 16-story building, which was started in the last fiscal year. The construction of the new building will be a significant milestone for the bank, and it will help to strengthen its effort to position itself as one of the leading financial institutions in Ethiopia.