Company: CRDB Bank
Country: Tanzania
Sector: Regional Banks
CEO: Abdulmajid Mussa Nsekela
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Dar es Salaam, Tanzania
Founded: 1984
Valuation/Revenue: $762.3m market value (African Business Top 250, 2025); total assets of approximately $5.055bn and after-tax profit of $164.86m reported for FY2023 (Wikipedia)
CRDB Bank Plc is Tanzania’s largest commercial bank by assets, a Dar es Salaam-listed lender offering retail, corporate, microfinance, insurance and Shariah-compliant banking services domestically and through subsidiaries in Burundi and the Democratic Republic of Congo.
What Does CRDB Bank Do?
CRDB Bank provides a full range of commercial banking services — retail deposits and loans, corporate and trade finance, microfinance, and bancassurance/insurance products — to individuals, small businesses and large corporates in Tanzania. It has expanded regionally through subsidiaries in Burundi and the Democratic Republic of Congo, and in 2021 launched Shariah-compliant Islamic banking services, which had generated more than $49 million in business by early 2024, reflecting strong uptake of interest-free banking products in the Tanzanian market.
How Old Is CRDB Bank?
CRDB Bank was established in July 1984 as the Cooperative Rural Development Bank, a state-linked institution focused on rural and agricultural credit. It was privatized in 1996 as Tanzania moved toward a liberalized banking sector, and listed on the Dar es Salaam Stock Exchange in 2009, transitioning fully into a modern, publicly traded commercial bank over four decades of operation.
Who Is the CEO of CRDB Bank?
Abdulmajid Mussa Nsekela serves as Managing Director and Chief Executive Officer, while Ally Hussein Laay chairs CRDB’s 13-member board of directors.
Is CRDB Bank Publicly Traded?
Yes. CRDB Bank trades on the Dar es Salaam Stock Exchange under the ticker CRDB, with ownership spread across parastatal companies, local and foreign institutional investors, and private individual shareholders — roughly 41% of shares were held by a broad base of smaller shareholders as of March 2023.
How Big Is CRDB Bank?
CRDB Bank carried a market value of approximately $762.3 million as of African Business magazine’s 2025 Top 250 African companies ranking. As of December 2023, the bank reported total assets of roughly $5.055 billion and after-tax profit of about $164.86 million for the year, cementing its position as Tanzania’s largest bank by assets as of the most recent confirmed data (September 2022 ranking).
What Has CRDB Bank Been in the News For Recently?
In May 2024, CRDB Bank announced plans to expand its subsidiary network into Zambia, Comoros, Uganda, Malawi and Rwanda, a significant regional growth push that would extend its East and Central African footprint well beyond its existing Burundi and DRC operations. Its Islamic banking unit has also continued to scale rapidly since its 2021 launch.
How Does CRDB Bank Compare to Its Competitors?
CRDB Bank’s principal domestic rival is NMB Bank, another large Tanzanian lender with comparable scale and a similarly broad retail footprint; the two are frequently compared as Tanzania’s two dominant commercial banks. Regionally, CRDB’s cross-border expansion into Burundi, DRC and its announced entry into additional East and Central African markets position it among a smaller group of Tanzanian banks pursuing active regional growth strategies, comparable in ambition to Kenyan banking groups like Equity Bank and KCB that have similarly expanded across East Africa.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is CRDB Bank legit?
Yes, it is Tanzania’s largest commercial bank by assets, listed on the Dar es Salaam Stock Exchange since 2009.
Who is the CEO of CRDB Bank?
Abdulmajid Mussa Nsekela is Managing Director and CEO.
Who owns CRDB Bank?
It is publicly traded, with shares held by parastatal companies, institutional investors and a broad base of individual shareholders.
When was CRDB Bank founded?
1984, originally as the Cooperative Rural Development Bank.
Is CRDB Bank publicly traded?
Yes, on the Dar es Salaam Stock Exchange (ticker CRDB).
How much is CRDB Bank worth?
Approximately $762.3 million in market value per African Business’s 2025 Top 250 ranking, with total assets of roughly $5.055 billion as of FY2023.