CRDB limited has recorded an impressive financial performance of Tsh 80 billion during the eleven months of the current calendar year which went up to 60 percent.
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| CRDB PLC Head Quarters Building, Azikiwe Street-Dar es Salaam. |
Dr Charles Kimei CRDB Managing Director has said that during an event to mark the bank’s family day at the weekend in Dar es Salaam that the country’s largest bank by assets made a profit after tax of TSh50 billion during the first eleven months of the 2011 calendar year.
“Basically, 2012 has been a year that was full of challenges to financial institutions. However, we managed to make a profit of Sh80 billion between January and November 2012. In a similar period last year, we made a profit after tax of Sh50 billion,” Kimei attributed.
CRDB attributes its success to innovative services and the bank’s massive branch expansion drive across the country and made the most bank that have many branch network in Tanzania.
Currently CRDB has a branch network of 85 outlets.
Its SIM Banking service, launched in 2010 was recently improved to cover many other areas that help clients in meeting their financial needs.
And, having registered a splendid performance in 2012, the bank now looks to a bright 2013, banking its hopes at further increasing the number of its branch network and coming up with more and more innovative ideas.
According to Dr Kimei, for this year the bank has employed more than 300 new employees across the country.
“The Labour force that has joined us recently would enable us to continue improving our service and also to enable the bank to be among the best successful banks in East Africa,” said Dr Kimei.
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