PTA Bank
| Private | |
| Industry | Finance |
| Founded | 1985 |
| Headquarters | Chaussée Prince Louis, Rwagasore Bujumbura, Burundi |
|
Key people
|
Oliver Saasa Chairman Admassu Yilma Tadesse President & CEO |
| Products | International Trade and Development Finance |
| Revenue |
 Net US$66.63+ million (2013) |
| Total assets | US$2.53+ billion (2013) |
| Owner | Governments of COMESA AfDB China |
| Website | Homepage |
Preferential Trade Area Bank, commonly known as the PTA Bank, is a trade and development financial institution in Africa. The PTA Bank is the financial arm of COMESA, but membership is open to non-COMESA States and other institutional shareholders.
As of December 2013[update], the bank was a large financial institution with an asset base in excess of US$2.53 billion. The bank had 20 shareholders, with shareholders' funds of nearly US$477 million.
The Eastern and Southern African Trade and Development Bank, also known as PTA Bank, was established on 6 November 1985 following the provisions of the Treaty of 1981 establishing the Preferential Trade Area (PTA), which has since been transformed into the Common Market for Eastern and Southern Africa (COMESA), as a financial arm of the integration arrangement.
The PTA Bank membership comprises eighteen member states, seventeen of which are COMESA members. China was the first non-regional member state to join the PTA Bank in 2000. The African Development Bank (AfDB) is the sole institutional shareholder. Both China and the AfDB each have a 12.3% shareholding in the PTA Bank. As of May 2009, the following countries and institutions are shareholders in PTA Bank.
The headquarters of PTA Bank are located at: Chaussée Prince Louis, Rwagasore, Bujumbura, Burundi. The bank also maintains a regional office along Lenana Rd, Nairobi, Kenya. The other regional office of the bank is located at 13th Floor, Social Security Centre, Harare, Zimbabwe. The Nairobi office is responsible for the northern region of the banks geographical area of service. The Bujumbura Headquarters office is responsible for the central region of the bank's service area. The Harare office is responsible for the southern service area, including the islands of Mauritius and Seychelles.
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