The East African Development Bank (EADB), as a leading development finance institution with an overriding objective of promoting development in East African community Member States, is planning to launch operations in Rwanda.
According to the statement from the bank, the official launch of the bank into Rwanda is scheduled to take place on November 12, 2010.
The bank that plays a threefold role of lender, advisor and development partner also provides a range of products and services which are tailor made for the region’s development requirements.
It is expected that with its wealth of experience, solid financial backing, highly qualified staff and a thorough knowledge of the region’s financial requirements, EADB has the means to make development happen.
EADB is owned by the four member states of Kenya, Uganda, Tanzania and Rwanda. Other shareholders include the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), German Investment and Development Company (DEG), SBIC-Africa Holdings, Commercial Bank of Africa, Nairobi, Nordea Bank of Sweden, Standard Chartered Bank, London and Barclays Bank Plc, London.