East African Development Bank

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East African Development Bank

A bank that was established in order to promote growth in East Africa. Among other things, it provides loans and other forms of financial assistance for projects thought to contribute to African development. It was established in 1967 by the East African Community and re-chartered in 1980 as an independent entity. It maintains its headquarters in Uganda.
References in periodicals archive ?
Moody's decision to affirm the rating reflects EADB's high capital position and strong liquidity, balanced against a challenging operating environment, low asset quality and concentration risks that has led to a recent rise in non-performing loans.
What differentiates the EADB from other DFIs and financial institutions in the region?
He said that EADB delivered credits to Ameria bank, Araratbank, Armbusinessbank and "Areximbank-Gasprombank Group"
As the apex financial institution for the EAC, the EADB takes a leading role in regional initiatives.
The EADB also plans to underwrite mortgage insurance and housing bond guarantees.
The East African Development Bank (EADB) plans coordinated bond issues on all three stock markets to raise funds for integration projects.
Inc., USA Godfrey Tumusiime Director-General, East African Development Bank (EADB), Kampala Jasmine M.
The main problem for local institutional investors in this case is the lack of liquidity, since there are only two debt instruments listed on the Kampala stock exchange (the EADB bond and the PTA bond), neither of which has a maturity exceeding three years.