East African Development Bank - Ownership

Ownership

As of September 2010, the ownership of the East African Development Bank is detailed in the table below.

East African Development Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 Government of Kenya 27.20
2 Government of Tanzania 27.20
3 Government of Uganda 27.20
4 Government of Rwanda 4.34
5 African Development Bank 6.76
6 Netherlands Development Finance Company (FMO) 5.07
7 German Investment Corporation (DEG) 1.35
8 Yugoslav Institutions 0.38
9 SBIC - Africa Holdings 0.32
10 Commercial Bank of Africa - Nairobi 0.07
11 Nordea Bank - Sweden 0.07
12 Barclays Bank - London 0.03
13 Standard Chartered Bank - London 0.03
Total 100.0

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, the bank's shareholders' equity totaled approximately US$87.3 million. The EADB is Internationally rated.

Read more about this topic:  East African Development Bank

Famous quotes containing the word ownership:

    “They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)