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]
Location
The headquarters and main branch of CRDB Bank Burundi S.A. are located at Chausee du Prince Louise Rwagasore 257, in the city of Bujumbura, Burundi's commercial capital.[3]
Overview
As of September 2022, the total assets of CRDB Bank Burundi were valued at (US$334 million).[4]
History
The bank was officially opened for business on 7 December 2012. It is a subsidiary of the Tanzanian financial services provider, CRDB Bank Plc. and is a component of the CRDB Bank Group,[2] which includes CRDB Bank, CRDB Bank DR Congo[5] and CRDB Insurance.[6]
Ownership
The shares of stock of CRDB Bank Burundi are 100 percent owned by CRDB Bank Plc, a Tanzanian financial services conglomerate, whose shares are traded on the Dar es Salaam Stock Exchange (DSE), under the symbol: CRDB.[2]
Governance
In March 2021, Bruce Mwile, the founding chief executive officer was promoted to Group Operating Officer and was replaced by Fredrick Siwale, as CEO of the Burundi subsidiary.[7] As of December 2023, the Chairman of the five-person board of directors is Hosea Ezekiel Kashimba, one of the non-executive directors.[8]
See also
External links
References
- Marc Nkwame. CRDB to launch new branches in three more African countries IPP Media, 17 May 2024, retrieved 19 May 2024^
- EBAO. CRDB Bank Burundi S.A. EBA Oxford (EBAO), 31 December 2023, retrieved 31 December 2023^
- {{google maps|url=https://www.google.com/maps/place/3%C2%B023'08.0%22S+29%C2%B022'06.0%22E/@-3.3861357,29.3680005,168m/data=!3m1!1e3!4m4!3m3!8m2!3d-3.3855556!4d29.3683333?entry=ttu |title=Location of the Headquarters of CRDB Bank Burundi S.A. |access-date=31 December 2021}}^
- Christella Ntirenganya. Tanzania vows to continue supporting the CRDB Bank Burundi Region Week, 23 February 2023, retrieved 31 December 2023^
- Josephine Christopher. Tanzania's CRDB Bank gets license to operate in DR Congo The Citizen (Tanzania), 5 May 2023, retrieved 31 December 2023^
- Zephania Ubwani. CRDB Bank Plc ventures into insurance business with new subsidiary The Citizen (Tanzania), 18 May 2023, retrieved 31 December 2023^
- TCZNT. CRDB Bank Names Head of Burundi Operations The Citizen (Tanzania) (TCZNT), 17 March 2021, retrieved 31 December 2023^
- CRDBBU. About Us: Board of Directors CRDB Bank Burundi S.A. (CRDBBU), 31 December 2023, retrieved 31 December 2023^