Oromia International Bank (OIB) awarded the bid to build the bank’s Headquarters to SKAS Consulting Architects on March 28th, 2013 at the Hilton Hotel.
SKAS Consulting Architects was chosen out of three companies, who were finalists from a shortlist of six, which had submitted the necessary documents and their final designs to the bank in an effort to win the bid. The Headquarters is expected to be built and completed within the next five years and will cost an estimated 400 million birr.
“We want our Headquarters to reflect our values and exhibit a strong presence in the city; because Addis Ababa’s landscape is always changing, we also seek to be timeless,” said Abie Sano, President of Oromia International Bank.
The architectural designs that were presented in the biding competition were required to integrate “Green” technologies. The design chosen, as it was explained at the awarding ceremony, has integrated various green areas and solar power panels on several floors of the building.
“The bank is very unique, because it opened up 26 branches within the first 8 months of its establishment. When we first started operating the bank, which had 5,000 shareholders, our main goal was to bring efficient banking service to Ethiopians throughout the country. I believe we are on the right track, because currently we have increased our branches to 56 around the country and in Addis Ababa,” said Abie.
Initially around 47 architectural and engineering companies were invited to participate in the bid competition but only 8 companies responded, out of which only two submitted their designs, forcing the bank to tender the bid again. The bank’s HQ will be built around the area where the Ministry of Health (MoH) is located and it will have 22 floors above the ground floor, while the underground area will have 6 levels.
“We have bought several other buildings as well as plots of land in different towns to construct modern office buildings,” the president stated.
Abie also stated that the bank will open four new branches, of which two will be in Addis Ababa, one in Sululta and one in Kemise, increasing its branches to 60. It was stated that, by the end of this year, the overall number of branches will reach 75.
Oromia International Bank S.C went operational on October 25th 2008. Currently, it has 8,400 shareholders and 433 million birr in paid up capital.