BY PAUL TENTENA
KAMPALA, UGANDA- The Eastern and Southern Africa Trade and Development Bank, commonly known as PTA Bank, has changed its official Brand name to Trade and Development Bank (TDB).
The Bank, which was established in 1985, serves 21 member countries with in the COMESA, EAC and SADC blocs. It is a multilateral treaty based financial institution with immunities and privileges, and currently holds a balance sheet of about $4.5billion.
It provides developmental capital and services in the region through customer focused and innovative financing. The bank provides opportunity for investors to gain exposure to fast growing economies through a profitable Development Finance Institution (DFI) with a sound balance sheet and strong prospects.
Tight Rules, Big Money: Energy Ministry Restricts Gold Trade to Licensed Operators as Central Bank Enters a UGX 20 Trillion Market According to Mary Kamari, the TDB Director Corporate Affairs and Investor Relations, the rebranding follows several years of improved asset quality, healthy profitability and innovation, on the back of a series of institutional reforms aimed at strengthening and modernizing the bank.
“We have dramatically increased our capacity to meet the rising demand for the bank’s products and services, thanks to the strong funding partnerships we have built up with long term funders and investors.
“Our shareholder base has increased by more than 50% in recent years, with new institutional investors and member states. Indeed our equity capital has tripled since we embarked on the current corporate plan in 2012,