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Preferential Trade Area Bank |
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Preferential Trade Area Bank
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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. PTA 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. |
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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.
Mission of PTA is to be at the forefront of providing development capital in
the region, through customer focused and innovative financing instruments
backed by competitively priced funds. |
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PTA have intimate knowledge of
the sub-region through linkages with government institutions, central banks,
commercial banks, local Development Financial Institutions and private
sector operators; and quality human resources whose experience, depth and
breadth in development banking is unparalleled on the African continent.
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Preferential Trade Area Bank |
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HQ
Address: |
Chaussée Prince Louis
Rwagasore
P. O. Box 1750
Bujumbura
BURUNDI |
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Tel: |
+257 22 224 966 |
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Fax: |
+257 22 224 983 |
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Website: |
www.ptabank.org |
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Email: |
info@ptabank.org |
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Banking Hours: |
Monday - Friday 7:30 AM -
12:00 PM
2:00 PM - 5:00 PM |
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The PTA Bank has three
operational offices, namely the head office in Bujumbura, Burundi, the
Nairobi, Kenya branch office and the Harare, Zimbabwe office. The three
offices cover different regions, with the Nairobi office covering the
eastern and northern region, the Burundi office covering the central region
while the Harare office covers the southern and island countries.
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