The Danish Investment Fund has acquired a KSh2 billion stake in the Trade and Development Bank (TDB), formerly known as PTA Bank.
The Danish firm has become the bank’s largest institutional investor after buying 1,750 Class B shares.
This investment in TDB’s risk capital is a new frontier for European institutional investors who have been regular investors in the bank’s international bonds over the years.
TDB Chief Executive and President, Admassu Tadesse
Other investors in the bank include African Development Bank (AfDB), Africa Economic Research Consortium (AERC), Africa Reinsurance Corporation, Arab Bank for Development in Africa (BADEA), Banco Nacional de Investimento (Mozambique), Mauritian Eagle Insurance Company, National Pension Fund (Mauritius), National Social Security Fund (Uganda), OPEC Fund for International Development (OFID), PTA Reinsurance Company, Rwanda Social Security Board, Sacos Group (Sychelles) and Seychelles Pension Fund.
The Trade and Development Bank (TDB) is a trade and development financial institution in Africa. It is the financial arm of the Common Market for Eastern and Southern Africa (COMESA), although membership is open to non-COMESA states and other institutional shareholders. It has membership comprising of 22 states drawn from Common Market for Eastern and Southern, East African Community and South African Development Community.
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