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| CRDB Group CEO and Managing Director, Abdulmajid Nsekela. |
DAR ES SALAAM – CRDB Bank Group has reported a stellar 26% jump in profit after tax to 346 billion shillings for the first half of 2025, marking its strongest mid-year performance since inception. The results reflect a combination of Tanzania’s improving macroeconomic stability, regulatory reforms, and sustained investment in digital infrastructure.
Celebrating 30 years of operations, CRDB remains the largest bank in the country, continuing to shape financial inclusion and private sector development.
Strategic Growth Driven by Digital and Lending
Group Chairperson Prof. Neema Mori credited the bank’s long-term vision and stakeholder trust:
“This performance shows the strength of our strategy and the trust our customers and partners place in us. Our role as the Board is to keep CRDB anchored in integrity, sustainability and sound risk management.”
The growth aligns with CRDB’s Medium-Term Strategy (2023–2027), now in its third year of execution.
CRDB Group CEO and Managing Director Abdulmajid Nsekela affirmed the bank's growth momentum:
“The first half of 2025 showed strong momentum across the business, from income growth to balance sheet expansion.”
Key Financial Highlights
- Net interest income rose 21% to 643bn/-, fuelled by increased lending.
- Non-funded income – primarily from digital and agency banking – jumped 38% to 354bn/-.
- Foreign exchange income soared 81% to 73bn/-, underscoring the bank’s growing influence in trade finance and cross-border services.
- Total assets grew 32% YoY to reach 19.7 trillion/-.
- Loan book expanded to 12.2 trillion/-, up 29%, driven by SME and corporate lending.
- Customer deposits rose 38% to nearly 14 trillion/-.
- Non-performing loans (NPL) ratio stood at 3.05%, comfortably within regulatory limits.
- Cost-to-income ratio improved to 42.6%, down from 45.4%, reflecting enhanced operational efficiency.
Shareholder Value and Market Confidence
CRDB’s solid fundamentals have driven shareholder value to new heights:
- Shareholder funds rose 23% to 2.39 trillion/-.
- Return on Equity (ROE) climbed to 29.5%, from 29% in 2024.
- The bank’s share price surged to 800/- in June, up 54% YoY, and hit 1,000/- in July.
- CRDB is now the third company on the Dar es Salaam Stock Exchange (DSE) to surpass a USD 1 billion market cap.
- Since the launch of the Medium-Term Strategy in late 2022, share price has increased by 153%.
- Shareholders now exceed 45,000, a sign of strong and growing investor confidence.
International Recognition
In July, CRDB’s performance earned it three prestigious Euromoney Awards:
- Best Bank in Tanzania
- Best Bank for ESG (Environmental, Social & Governance)
- Best Bank for SMEs
As CRDB enters its fourth decade, the bank shows no signs of slowing down—pushing boundaries in innovation, sustainability, and inclusive finance.
Follow the Kitomari Banking & Finance Blog for more insights on Tanzania’s dynamic banking sector and capital markets.
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