| Type | Private |
|---|---|
| Industry | Finance |
| Founded | 1967 |
| Headquarters | 4 Nile Avenue, Kampala, Uganda |
| Key people | Maria Kiwanuka Chairperson of Governing Council Ramadhan M. Khijjah, Chairman, Board of Directors Vivienne Yeda Apopo Director General[1] |
| Products | Loans, Leasing, Real Estate, Trade Finance, Equity Investments |
| Revenue |
|
| Total assets | US$237.3 million (2010)[3] |
| Owner(s) | Governments of Kenya Rwanda Tanzania Uganda |
| Website | Homepage |
East African Development Bank (EADB) is a development finance institution with the objective of promoting development in East Africa.
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EADB plays a threefold role of lender, adviser and development partner. The bank provides a range of products and services which are made for the region's development requirements. The bank has experience, financial backing, staff and a knowledge of the region's financial requirements. As of December 2010[update], the institution's total assets were valued at approximately US$237.7 million.
The East African Development Bank was established in 1967 under the treaty of the then East African Cooperation between Kenya, Tanzania and Uganda. Following the breakup of the East African Community in 1977, the bank was re-established under its own charter in 1980. In 2008, following the admission of Burundi and Rwanda into the EAC, Rwanda applied and was admitted into the EADB.[4]
Under the new charter, the bank’s role and mandate were reviewed and its operational scope expanded. Under its expanded operational scope, the bank offers a broad range of financial services in the Member States. Its main objective is to strengthen socio-economic development and regional integration.
As of September 2010[update], the ownership of the East African Development Bank is detailed in the table below.[5]
| East African Development Bank Stock Ownership | |||||||||||||||||||||||||||||||||||||||||||||
The revitalization of the regional cooperation among the Member States through the establishment of the new East African Community (EAC) has accorded the Bank the opportunity of playing a catalyzing role in regional integration through provision of development finance. The ensuing prospects conform to the Bank’s envisaged stable outlook. As of December 2009[update], the bank's shareholders' equity totaled approximately US$87.3 million.[6] The EADB is Internationally rated. Bank structureThe Bank structure comprises the following;
The details of the current structure of EADB are outlined at the bank’s web site.[7] Branch networkThe headquarters of the bank are located in Uganda's capital, Kampala. As of February 2009, EADB has three (3) other branches, one each in the East African capitals of Nairobi, Kigali and Dar-es-Salaam.[8] A branch will be established in Bujumbura as soon as Burundi joins the bank; which is expected soon. External linksReferences |