PTA Bank Opens Third Regional Office in Mauritius

10 years, 6 months ago - October 03, 2013

"I am very pleased that the PTA Bank, a major bank for Africa, today opened its third regional office here in Mauritius." This was stressed Xavier-Luc Duval, Minister of Finance, at the ceremony of the official launch of this branch of the bank in the second floor of the Blue Tower in Ebony on Monday. He noted that it is very important to continue to attract national and regional institutions in Mauritius.

is very important to continue to attract national and regional institutions in Mauritius.

"This bank is very important as it helps to finance projects in Mauritius and is involved in trade with the African region. It will also offer fund management services from Mauritius, "said Xavier-Luc Duval.

Admassu Tadesse, CEO of PTA Bank, spoke about the terms of the PTA Bank, including position in key markets, to provide management services to investment funds and 'special purpose funds' and to stimulate economic development of member states through economic integration. The good level of infrastructure and the presence of several international institutions have influenced the choice of the bank to Mauritius, he said.

The PTA Bank is proving to be a major bank to facilitate trade and development in Africa.

Mauritius has already received $ 1.6 billion from the bank. By choosing to settle in Mauritius, the bank is positioned to better exploit opportunities in infrastructure projects and 'trade finance' in the countries of the Indian Ocean such as Mauritius, Seychelles and Comoros. That, by cooperating with financial service providers.

The PTA Bank has also aim to better fulfill its mission to manage the COMESA Infrastructure Fund, a regional investment funds from Mauritius.

Text by Le Matinal

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