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.

Moody's affirms EADB's Baa3 long-term issuer rating; outlook stable

What differentiates the EADB from other DFIs and financial institutions in the region?

FACE VALUE -- INTERVIEW WITH VIVIENNE YEDA Director General o f the East African Development Bank

He said that EADB delivered credits to Ameria bank, Araratbank, Armbusinessbank and "Areximbank-Gasprombank Group"

Level of investment portfolio of EurAsian Development Bank in Armenia reaches $94 mln for the last three months of 2012

As the apex financial institution for the EAC, the EADB takes a leading role in regional initiatives.

DRIVING REGIONAL GROWTH THE EAST AFRICAN DEVELOPMENT BANK

The EADB also plans to underwrite mortgage insurance and housing bond guarantees.

EADB launches housing loan initiative

Other private issuers include the East African Development Bank (EADB) and the Preferential Trade Area Bank.

Attention turns to debt capital as source of finance: a few African countries (excluding S Africa) have taken the first steps to encourage the creation of debt capital markets though the issuing of bonds. Moin Siddiqi explains what these securities are and how the system works

The East African Development Bank (EADB) plans coordinated bond issues on all three stock markets to raise funds for integration projects.

Africa's top banks

Inc., USA Godfrey Tumusiime Director-General, East African Development Bank (EADB), Kampala Jasmine M.

Enough talk; Africa now wants results

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.