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The bank was founded in July 1984, as Cooperative Rural Development Bank (CRDB) of Tanzania. Following the privatization of state-owned firms by the Tanzanian government, the bank was privatized in 1996 and became CRDB (1996) Limited. In 1996, the Danish International Development Agency (DANIDA) acquired a 30 percent ownership stake in the bank.
Absa Bank Tanzania Ltd, part of Absa Group; I&M Bank Tanzania Ltd], part of I&M Bank Group; Access Bank Tanzania Ltd, part of Access Bank Group; People's Bank of Zanzibar Ltd; Citibank Tanzania Ltd, part of Citigroup; CRDB Bank Plc; Tanzania Commercial Bank Plc, state-owned; Diamond Trust Bank Tanzania Plc, part of Diamond Trust Bank Group
The CRDB Bank Group, is a privately owned conglomerate in Tanzania. The anchor company in the group is CRDB Bank Plc. , the largest commercial bank in Tanzania, based on assets. As of 31 December 2023 CRDB Bank had assets valued at TSh10.897 trillion (US$4.313 billion).
45.4 Branches of foreign banks. 45.5 Other banks. ... Download QR code; Print/export Download as PDF; ... (Tanzania) CRDB Bank; Diamond Trust Bank (Tanzania) Limited ...
CRDB Bank Burundi, also CRDB Bank Burundi S.A., is a commercial bank in Burundi. It is licensed and supervised by the Bank of the Republic of Burundi, the central bank and national banking regulator. The commercial bank was established on 7 December 2012, as a 100 percent subsidiary of CRDB Bank Plc, based in neighboring Tanzania. [2]
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The bank has various branches in Tanzania, Dar es Salaam and in Moshi and Arusha. It has managed to take an approach which is relatively risky to microfinance through embracing and extending it within their different activities (Lindvert et al., 2018). Most of the microfinance services offered by this bank in Tanzania are mainly saving deposits.
Then, it was the second-largest commercial bank in Tanzania, by assets, behind CRDB Bank Plc. At that time, NMB Bank was ranked as the 3rd most profitable bank in the East African Community, having risen from 10th position in 2018. In 2023 its cost to income ratio was 38 percent. [3]