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The PTA Bank received over Sh7 billion in the first quarter of this year from its key international financing partners. The most recent funding came from the OPEC Fund for International Development (Ofid), which gave $20 million for lending to the bank"s trade finance customers. President of PTA Bank Mr ...
Read Story at The Standard (2010-05-03)
THE PTA Bank has signed a US$15 million trade financing facility with the Dutch Development Finance Company (FMO) to provide short-term trade facilities to its clients.According to PTA Bank president, Michael Gondwe, the funding would be used to arrange import facilities; letters of credit, pre-export and post shipment facilities as ...
Read Story at Times of Zambia (2005-01-26)
PTA Bank has received a loan facility of $50 million (Sh3.8 billion) from a consortium of international financiers for on-lending to small and medium sized corporate clients.They include FMO the International Development Bank of Netherlands which is the lead arranger of the long term loan carrying $20 million of the ...
Read Story at Daily Nation (2010-03-10)
By Benson Kathuri The Preferential Trade Area (PTA) Bank has raised Sh800 million from a corporate bond issued last month. The bank said the money would be used to finance local projects. Last year, PTA Bank provided a Sh500 million to bail out financing to Uchumi Supermarkets to build up ...
Read Story at The Standard (2005-07-12)
THE Common Market for Eastern and Southern Africa (COMESA) has invited India to buy shares in the regional PTA Bank.COMESA secretary general Erastus Mwencha said institutions in the regional grouping such as the PTA had gained from their relationship with sister institutions in India.Mr Mwencha said the COMESA PTA Bank ...
Read Story at Times of Zambia (2005-01-13)
The Co-operative Bank of Kenya is betting on its expansion locally and regionally to lift its performance further this financial year. However, during the period ended December 2009, the bank"s pre-tax profit rose by 12 per cent from Sh3.3 billion to Sh3.7 billion resulting from earnings on increased lending.Loans and ...
Read Story at Daily Nation (2010-03-11)
By Sylvia Juuko PTA Bank has secured $90m (about sh199.2b) from a consortium of European banks to finance enterprises in its 17 member states. The bank operates in Eastern, northern and Southern Africa. It said in a statement FMO, a Dutch development bank, had extended a loan of ...
Read Story at The New Vision (2010-05-31)
By John Oyuke Uchumi Supermarkets has appointed two new directors to its board. A statement from the company said former Kenya Commercial Bank (KCB) chief operating officer Albert Ruturi and James Kabuga of PTA Bank had joined its board as non-executive directors. The statement said the new appointments were expected ...
Read Story at The Standard (2005-09-13)
The International Monetary Fund has approved a $4.8bn (£2.8bn) plan to cancel the debts of 20 of the world's poorest countries. It is part of the multilateral debt relief initiative agreed by leaders of the G8 industrialised states last July. With the World Bank and IMF they set ...
Read Story at BBC News (2005-12-08)
The Eastern and Southern African Trade and Development Bank (PTA Bank) will use $50 million loan for on-lending to small and medium enterpreneurs in member states. The move comes this week, after the bank received the funds from a consortium of lenders led by the entrepreneurial Development Bank of Netherlands, ...
Read Story at The Standard (2010-03-12)
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