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{{Short description|Trade and development financial institution operating in eastern and southern Africa}}
{{Distinguish|Trade Development Bank}}
{{Use dmy dates|date=August 2023}}
{{Infobox company
| name = Eastern and Southern African Trade and Development Bank
| type = Treaty-based multilateral institution
| owner = African Member States, African and non-African institutional investors, and non-African States
| foundation = 1985
| location = Chaussée Prince Louis<br/>Rwagasore<br/>[[Bujumbura]], Burundi
| key_people = Juste Rwamabuga (Chairman)
Admassu Yilma Tadesse (President & CEO)
Joy Ntare (Chief Risk Officer)
David Bamlango (General Counsel)
Michael Awori (Chief Operating Officer)
| industry = Finance
| products = [[International trade]] and development finance
| assets = US$8 billion (2022)<ref name="NowR">{{cite web| url=https://www.ceo.co.ug/kenyatta-opens-new-trade-and-development-bank-tower/ |title=Kenyatta opens new Trade and Development Bank tower |work=CEO Magazine Uganda |date=8 June 2022 |author=CEO Magazine Uganda |access-date=23 June 2022 | location=Kampala, Uganda}}</ref>
| revenue = {{profit}} Net US$129+ million (2018)<ref name="DataR">{{cite web | url=https://www.tdbgroup.org/wp-content/uploads/2019/11/2018-ANNUAL-REPORT.pdf | title=Eastern and Southern African Trade and Development Bank: Annual Report and Financial Statements, 2018, Integrating & Advancing the Region | date=28 March 2019 | accessdate=14 March 2020 | publisher=Trade and Development Bank}}</ref>
| homepage = {{URL|www.tdbgroup.org}}|
}}

The '''Trade and Development Bank''' ('''TDB'''), formerly the '''PTA Bank''', is a [[Development finance institution|trade and development financial institution]] operating in eastern and southern Africa. TDB is the financial arm of the [[Common Market for Eastern and Southern Africa]] (COMESA), although membership is open to non-COMESA states and other institutional shareholders.<ref>{{cite web|url=https://www.tdbgroup.org/members/|title=TDB Members|accessdate=14 March 2020}}</ref>

==Overview==
As of December 2018, TDB was a large financial institution with assets exceeding US$5.56 billion. The bank had 38 shareholders, across two classes of shares, with shareholders' equity in excess of US$1.19 billion.<ref>{{cite web |last1=TDB |first1=Trade & Development Bank |title=Annual Report &Financial Statements, 2018 |url=https://www.tdbgroup.org/wp-content/uploads/2019/11/2018-ANNUAL-REPORT.pdf |website=tdbgroup.org |publisher=TDB |accessdate=14 March 2020}}</ref>

==History==
The Eastern and Southern African Trade and Development Bank, also known as TDB, was established on 6 November 1985 under Chapter Nine of the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States, which entered into effect on 2 September 1982 and was subsequently replaced by the Treaty for the Establishment of the Common Market for Eastern and Southern Africa of 1994 that established COMESA.<ref>{{Cite web|url=https://www.tdbgroup.org/wp-content/uploads/2019/08/Certified-TDB-Charter-English.pdf|title=Charter of TDB|access-date=14 March 2020|archive-date=2 November 2021|archive-url=https://web.archive.org/web/20211102220819/https://www.tdbgroup.org/wp-content/uploads/2019/08/Certified-TDB-Charter-English.pdf|url-status=dead}}</ref> TDB is the financial arm of COMESA.<ref>{{cite web | title=The History of PTA Bank | year=2012 | accessdate=23 May 2014 | publisher=PTA Bank | url=http://www.ptabank.org/index.php/en/bank-profile | archive-url=https://web.archive.org/web/20130215092659/http://www.ptabank.org/index.php/en/bank-profile | url-status=dead | archive-date=15 February 2013}}</ref>

==Shareholders==
The membership of the TDB includes twenty-two member states, nineteen of which are COMESA members. The [[People's Republic of China]] was the first non-regional member state to join TDB in 2000. The [[African Development Bank]] (AfDB) is a major institutional shareholder, alongside eleven other institutional investors, including the [[Arab Bank for Economic Development in Africa]] (BADEA) and OPEC Fund ([[The OPEC Fund for International Development]]).

The following countries are the African member states of TDB.<ref>{{cite web|url=https://www.tdbgroup.org/members/|title=TDB Members|publisher=TDB|accessdate=14 March 2020}}</ref>

{{Columns-list|colwidth=18em|
* [[Burundi]]
* [[Comoros]]
* [[Democratic Republic of the Congo]]
* [[Djibouti]]
* [[Egypt]]
* [[Eritrea]]
* [[Eswatini]]
* [[Ethiopia]]
* [[Kenya]]
* [[Madagascar]]
* [[Malawi]]
* [[Mauritius]]
* [[Mozambique]]
* [[Rwanda]]
* [[Seychelles]]
* [[Somalia]]
* [[South Sudan]]
* [[Sudan]]
* [[Tanzania]]
* [[Uganda]]
* [[Zambia]]
* [[Zimbabwe]]
}}

==Location==
The headquarters of TDB are in [[Bujumbura]], Burundi and Ebene, Mauritius. The bank also maintains regional offices in [[Nairobi]], Kenya, [[Harare, Zimbabwe]], Addis Ababa, Ethiopia, and Kinshasa, Democratic Republic of Congo.<ref>{{Cite web|url=https://www.tdbgroup.org/contacts/|title=TDB Offices|access-date=14 March 2020}}</ref> The Nairobi office serves as both the primary operating hub for TDB and the regional office for [[Eastern Africa]]. In June 2022, TDB moved into a new 19-storey skyscraper in the [[Kilimani]] neighborhood of Nairobi, that serves as the bank's regional headquarters of the bank's eastern region.<ref name="EastR">{{cite web| url=https://www.capitalfm.co.ke/business/2022/06/president-uhuru-opens-the-trade-and-development-bank-tower/ |title=President Uhuru Opens The Trade And Development Bank Tower |date=7 June 2022 |work=[[98.4 Capital FM]] |author=Presidential Security Communications Unit |access-date=3 June 2022 |location=Nairobi, Kenya}}</ref>

==Board of governors==
The Board of Governors is the supreme authority of TDB. It is composed of shareholder representatives, with each shareholder designating one representative and one alternate.<ref>{{cite web|url=https://www.tdbgroup.org/wp-content/uploads/2019/11/2018-ANNUAL-REPORT.pdf|title=Annual Report & Financial Statements|publisher=TDB|accessdate=14 March 2020}}</ref>

==Board of directors==
The board of directors is responsible for the conduct of the general operations of TDB. As of March 2019, the following were the members of the [[board of directors]].<ref>{{cite web|url=https://www.tdbgroup.org/our-leadership/|title=TDB Board of Directors as of 31 December 2019|publisher=TDB|accessdate=14 March 2020}}</ref>

* Juste Rwamabuga – Chairman and Director
* Gerard Bussier – Director
* Mohamed Kalif – Director 
*Mingzhi Liu, Director
* Abdel-Rahaman Taha – Director
* Isabel Sumar – Director 
* Said Mhamadi – Director representing the ADB
*Peter Simbani, Director
*Christian Rwakunda, Director
*Busiswe Alice Dlamini-Nsibande, Director
*Admassu Tadesse, Director (Executive)

==Management team==
As of March 2019, the bank's chief executive officer was assisted by 17 senior managers in running the bank.<ref>{{cite web|url=https://www.tdbgroup.org/our-leadership/|title=Senior Managers of TDB|publisher=TDB|accessdate=14 March 2020}}</ref>

==Credit rating==
In October 2017, the long-term issuer rating of TDB was upgraded to "Baa3" from "Ba1" by [[Moody's Investors Service]].<ref>{{cite web | url=https://www.moodys.com/research/Moodys-upgrades-Eastern-and-Southern-Africa-Trade-and-Development-Bank--PR_373845 | title=Moody's upgrades Eastern and Southern Africa Trade and Development Bank to Baa3 from Ba1, outlook stable | publisher=[[Moody's Investor Service]] | date=25 October 2017 | accessdate=25 July 2018}}</ref> In October 2019, [[Fitch Ratings]] affirmed the Long-term Issuer Default Rating of TDB at "BB+" with Stable Outlook.<ref>{{cite web|url=https://www.fitchratings.com/site/pr/10091489|title=Fitch Affirms TDB at 'BB+'; Outlook Stable|date=2 October 2019|publisher=Fitch Ratings|accessdate=14 March 2020}}</ref>

==See also==
{{Portal|Banks}}
* [[East African Development Bank]]

==References==
{{Reflist}}

==External links==
*{{Official website|www.ptabank.org}}
*[http://allafrica.com/stories/201405230007.html  East Africa: PTA Bank Signs Deal to Finance European Exports to Africa]

{{Authority control}}

{{DEFAULTSORT:Trade and Development Bank}}
[[Category:International organizations based in Africa]]
[[Category:International development in Africa]]
[[Category:Economy of Africa]]
[[Category:Multilateral development banks]]
[[Category:Supranational banks]]
[[Category:International banking institutions]]