title : PTA BANK BECOMES TDB - WITH INCREASED COMMITMENT FOR FUNDING IN EASTERN AND SOUTHERN AFRICA
kiungo : PTA BANK BECOMES TDB - WITH INCREASED COMMITMENT FOR FUNDING IN EASTERN AND SOUTHERN AFRICA
PTA BANK BECOMES TDB - WITH INCREASED COMMITMENT FOR FUNDING IN EASTERN AND SOUTHERN AFRICA
The Eastern and Southern African Trade and Development Bank, commonly known as PTA Bank, has changed its official brand name to TDB (Trade and Development Bank).
Since its establishment over three decades ago, the Bank has operated under its legal name ‘’Eastern and Southern African Trade & Development Bank” as well as two trading names in English and in French: PTA Bank / Banque de la ZEP. Through the revitalization of its corporate branding, the Bank will be trading under one trade name (Trade and Development Bank – TDB) and a new logo while its legal name ’Eastern and Southern African Trade & Development Bank” will remain unchanged.
The leading regional multilateral Development Finance Institution (DFI) has also announced that it will continue to increase financing for priority sectors such as infrastructure, manufacturing, industry and agribusiness across the 21 member states it operates in, over the next five years.
“Our rebranding represents our rejuvenation and recommitment to innovate and play a more active role in promoting trade, economic development and regional integration, at a crucial time when the region is looking to more vigorously advance economic transformation and ratchet up the tapering growth ,” said Admassu Tadesse, President and Chief Executive of the Trade and Development Bank.
Trade and Development Bank (TDB), Principal Project and Infrastructure Finance Officer, Neema Siwingwa (right), addresses a press conference in Dar es Salaam yesterday to announce the changes of its trade name which were former known as Eastern and Southern Africa Trade and Development Bank (PTA Bank) to TDB. Looking on is Trade and Development Bank (TDB), Director Corporate Affairs & Investor Relations, Mary Kamari.
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