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$4.313 billion).[1]
Overview
As of December 2023, CRDB Bank Group was involved in financial services, insurance and the delivery of social services. As of 31 December 2023, the group's total assets were valued at TSh:13.264 trillion (approx. US$:5,254 billion), with shareholders' equity worth TSh:1.774 trillion (approx. US$705 million). At that time, CRDB Bank Group was the largest financial services conglomerate in Tanzania.[1]
History
The anchor company of this group started in 1996 as Cooperative and Rural Development Bank (CRDB). It subsequently shortened its name to CRDB Bank. On 17 June 2009 the bank listed its shares of stock on the Dar es Salaam Stock Exchange (DSE).[2]