The origins of the COMESA Bankers Association can be traced to 1985, when the first meeting of the Preferential Trade Area Banks was held in Harare, Zimbabwe. Among the ten resolutions adopted at the meeting was the creation of a PTA Association of Commercial Banks. In December 1987, Heads of States and Governments within the PTA established the PTA Association of Commercial Banks, renamed the COMESA Banker's Association in 1994.
The Association's vision is to become a leading source of information for banking community within sub-region of COMESA. Throughout its history the organization has pursued a number of tasks: to offer a forum for information exchange related to banking sector of the region; to strengthen relations between the COMESA Bankers Association and other organizations concerned with financial and banking activities in the region and abroad; to promote the formation of a zone of monetary stability with the effective payment system; to promote building and development of banks in the region through seminars and conferences.
The Association has proven successful in initiating and increasing co-operation between banks within the COMESA region, by facilitating exchange of experiences and ideas in the field of financial, banking and monetary affairs through meetings, courses, conferences and seminars. In addition, the COMESA Bankers Association offers professional training opportunities in a number of diverse fields of financial and banking services, including Information Technology for Bankers, Credit Risk Assessment, Credit Risk Management, International Trade Finance, Computer Fraud in Banking, Payment Systems in Eastern and Southern Africa, Fraud Prevention and Awareness and more.
Whether you consider starting your savings account, or belong to seasoned businesspersons, the COMESA Bankers Association will be helpful in settling all your problems. Developed by the organization was a new approach to serving a greater banking community within the sub region of COMESA. This approach implies the banking community should include needs of the banks and their employees, as well as consumers in every city and country who use these banking services.
Such new focus helps the COMESA sub region to pursue its goals of regional development, attaching particular importance to regional investment and education. Due to this new approach, more new customers are attracted to the banks, making them more successful. The Association also offers the only Bank Fraud Prevention program within the region by employing Bank Fraud Expert's services that provide effective prevention information and techniques to regional legislators and individual banks.
The COMESA Bankers Association membership is open to any financial institution or individual commercial bank. A number of changes introduced to the organization's membership rules and work program are designed to ensure the best service to its members.
Today the COMESA Bankers Association is the organization composed of 55 banks in nine countries, including Sudan, Swaziland, Rwanda, Kenya, Malawi, Ethiopia, Eritrea, Egypt and Burundi.