The financial performance of the East African Development Bank: a retrospective analysis

Victor Murinde and Joram Kariisa-Kasa

Accounting History Review, 1997, vol. 7, issue 1, 81-104

Abstract: This paper analyses retrospectively the financial performance of the East African Development Bank. Three methods of analysis, derived from a selective review of the literature, are applied, namely the standard financial ratios; statistical moments such as the mean, range and standard deviation of balance sheet and related accounts; and the Subsidy Dependence Index. The results show that the bank's historical performance has been disappointing. It is suggested that the bank should engage proactively in the identification, promotion and post-evaluation of projects. Further research is proposed in order to encompass analytically the financial, developmental and technological functions of the bank.

Keywords: Financial Performance; East African Development Bank; Subsidy; Dependency Index, (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1080/095852097330775

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