PTA Bank

(redirected from Preferential Trade Area Bank)

PTA Bank

A major bank in Africa. It is owned by the African Development Bank and 18 African governments. It provides financing to further the goals of the Common Market for Eastern and Southern Africa. It was established in 1985 as the Eastern and Southern African Trade and Development Bank.
References in periodicals archive ?
7 (SUNA) The Deputy National Prime Minster, the Minister of Investment, Moubarak al-Fadil al-Mahdi, met Monday, at his office the high level delegation of the Preferential Trade Area Bank (PTA Bank) of the COMESA.
For example, the EIB's largest single business lending programme in East Africa, launched in February 2015, is a e1/4160m investment facility routed through the regional development bank, the Preferential Trade Area Bank.
Afeximbank finances the Preferential Trade Area Bank to support exports.
Uganda-based Preferential Trade Area Bank is to issue bonds.