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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.
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).
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; Standard Chartered Bank Tanzania Ltd, part of ...
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Personal Trust Micro Finance BankMFB; Petra Micro Finance BankMFB; ... Commercial Bank of Africa (Tanzania) CRDB Bank; Diamond Trust Bank (Tanzania) Limited; Ecobank;
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]
CRDB stands for Cooperatives Rural and Development Bank, however, it is not a cooperative. This privately owned bank is one of the oldest banking institutions in Tanzania and the third largest bank in Tanzania (The National Bank of Commerce and the National Microfinance Bank which split from NBC are the two largest banks).
At the end of the year in 2015, the bank had an asset base of over US$773 million (TSh 1.69 trillion) and is the fourth-best capitalized commercial bank in the country, behind National Microfinance Bank, CRDB Bank and FBME Bank. [8] At the end of 2017, Tanzania's total banking assets were valued at TSh 29.97 trillion (US$13.2 billion). [3] At ...