The National Bank of Ethiopia (NBE) has approved the appointment of Teferi Mekonnen as president of Oromia International Bank. The board of directors of the Bank sent the application to the regulatory bank on March 7, 2020, following the departure of Abie sano, who was appointed to lead the Commercial Bank of Ethiopia (CBE). Abie departed Oromia after serving the Bank for almost 11 years. Teferi holds a first degree in accounting and a second degree in business administration from Addis Abeba University. he has worked in the banking industry for the past 22 years at CBE, Wegagen and Oromia banks in different capacities. Teferi, who served Oromia for the last nine years, served as founding director of risk management and compliance, vice president for corporate support and the latest vice president for credit and international banking. While working at the Bank, he established the Risk Management & Compliance Department and played an instrumental role in realising the current headquarters acquisition, renovation, furnishing and relocation.
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