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From Wikipedia, the free encyclopedia

IndustryFinancial Services
Founded1996; 25 years ago (1996)
HeadquartersAzikiwe Street, Posta, Dar es Salaam, Tanzania
Key people
Ally Laay
Abdulmajid Nsekela
Managing Director[1]
ProductsSavings products, Loan products, Trade Finance, Investments, Treasury products, Credit Cards, Mortgages, Microfinance products, Agency Banking services, Premier Banking services , E-banking products, Mobile Banking services
RevenueIncreaseAftertax:TZS:64.132 billion (US$ 27,844,737.49) (2018)
Total assetsTotal Assets of TZS 6.0 Trillion and Total Deposits of TZS 4.7 Trillion as at 31 December 2018[2]
Number of employees
More than 3,000 (2019)
WebsiteBank website

CRDB Bank Plc is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.[3] As of 31 December. 2018, the bank was reporting Total Assets of TZS 6.0 Trillion and Total Deposits of TZS 4.7 Trillion.[2]


CRDB Bank Plc is the largest, wholly owned private universal bank in Tanzania. The Bank was established in 1996 as a result of the Tanzanian Government privatization of state-owned firms. The major shareholders of the Bank are Denmark Government-sponsored fund and leading Tanzania pension funds.[citation needed]

The bank listed on the Dar es Salaam Stock Exchange in 2009 and as of December 2019, there are over 30,000 shareholders of the bank.[4]


The headquarters and main branch of the bank are located on the 3rd Floor, in the CRDB Bank Headquarters Building, along Azikiwe Street, in Dar es Salaam, the financial capital and largest city in Tanzania.[5] The geographical coordinates of the bank's headquarters are:06°48'53.5"S, 39°17'15.5"E (Latitude:-6.814861; Longitude:39.287639).[6]


CRDB Bank is a publicly listed company on the Dar es Salaam stock exchange[7] owned by individuals, private and government institutions as per the following shareholding structure;[8]

CRDB Bank Plc Shareholding Structure as at 30 December 2019
1. DANIDA Investment Fund 548,067,648 21
2. PSSSF Pension Fund 346,761,028 13.3
3. National Social Security Fund - Uganda 130,000,000 5.0
4. Kimberlite Frontier Master Africa Fund LP RCKM 113,050,049 4.3
5. Aunali F. Rajabali and Sajjad F. Rajabali 82,499,999 3.2
6. CDC Group Plc/Re: IFC/AfCap 66,456,402 2.5
7. Patrick Schegg 50,754,057 1.9
8. Change Global Frontier Market, PL Fund-CGPA 48,066,540 1.8
9. Duet Africa Opportunities Master Fund IC 37,583,840 1.4
10. Hans Aingaya Macha 32,764,200 1.3
11. National Health Insurance Fund - Tanzania 32,040,040 1.2
12. Western Zone Tobacco Cooperative Union (WETCU) 30,000,000 1.1
13. CMG Investment Limited 29,330,971 1.1
14. Abbas Export Ltd 27,500,000 1.1
15. Mehar Singh Virdi 25,214,028 1.0
14. More than 29,000 shareholders 1,011,549,782 38.8
Grand Total 2,611,838,584 100.0

The total number of shareholders by the end of 2019 stood at 30,023.

Structure and Operating Network

CRDB Bank as a group comprises three subsidiaries namely CRDB Microfinance Ltd that deals with Microfinance business, CRDB Insurance broker that offers a range of insurance services and/or products and the CRDB Bank Burundi Ltd,[9] which is the first overseas subsidiary in the neighboring country of Burundi a part of the Regional Expansion plan in East Africa.[citation needed]

Internally, CRDB Bank has 234 branches, 535 ATMs (spread across the country), 15 Mobile branches, 490 Microfinance partners’ institutions, over 8,000 CRDB Wakala, over 1,500 merchants with sales terminals (PoS), internet and mobile banking facilities.[citation needed]

Financial Strength

[better source needed]

The Bank has been selected a friendly partner by various international financial institutions, including the International Financial Corporation (IFC), KFW-DBG, Germany, CDC-UK and African Development Bank.[citation needed] In 2016, CRDB Bank became the first bank in Tanzania to be rated among the top ten stable and safe to invest African banks by the global financial rating agency Moody's Investors Services. Moody's rated CRDB Bank with a "B1 stable outlook" [10] -- the highest rating to have been acquired by banks or financial institutions in sub Saharan Africa.[citation needed]

CRDB Bank's 2018 balance sheet reports Total Assets of TZS 6.0 Trillion and Total Deposits of TZS 4.7 Trillion as at 31 December 2018.[2][better source needed]  The bank has approximately 3,100 employees, and offers major financial investment dealings in Tanzania and Burundi.[citation needed]

See also

  1. List of banks in Tanzania
  2. Microfinance in Tanzania


  1. ^ a b CRDB Bank (29 March 2018). "Audited Financial Statements for the Year Ended 31 December 2016" (PDF). Dar es Salaam: CRDB Bank Limited. Retrieved 10 May 2018.
  2. ^ a b c "CRDB Bank Annual Report, 2019" (PDF). Retrieved 1 November 2019.
  3. ^ Bank of Tanzania (30 June 2017). "Directory of Banks and Financial Institutions Operating in Tanzania as at 30th June 2017" (PDF). Dar es Salaam: Bank of Tanzania. Archived from the original (PDF) on 27 January 2018. Retrieved 10 May 2018.
  4. ^ "Tanzania's CRDB Bank top in financial reporting in East Africa". The Citizen. Retrieved 26 July 2020.
  5. ^ Commonwealth of Nations Organisation (10 May 2018). "The Headquarters of CRDB Bank Public Limited Company". Cambridge, United Kingdom: Retrieved 10 May 2018.
  6. ^ Google (10 May 2018). "Location of the Headquarters of CRDB Bank, Azikiwe Street, Dar es Salaam" (Map). Google Maps. Google. Retrieved 10 May 2018.
  7. ^ "Listed Companies" (PDF). Dar es Salaam: DSE Tanzania. 1 November 2019. Retrieved 1 November 2019.
  8. ^ "StackPath". Retrieved 26 July 2020.
  9. ^ "CRDB Bank Burundi". Retrieved 1 November 2019.
  10. ^ "CRDB gets Moody's stable rating status". The Citizen. Tanzania. 18 August 2016. Retrieved 19 September 2020.

This page was last edited on 19 September 2020, at 21:38
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