CRDB Bank Plc has announced a profit of more than TZS 206 billion and increased shareholder dividends from TZS 65 to TZS 90 per share, underlining the bank’s strong financial growth and continued expansion in Tanzania’s banking sector.
The announcement was made in Arusha by the bank’s Board Chairperson, Neema Mori, and Group Chief Executive Officer, Abdulmajid Nsekela, ahead of the bank’s 31st Annual General Meeting (AGM) scheduled for May 16, 2026, at the Simba Hall within the Arusha International Conference Centre.
The AGM will be preceded by a special shareholders’ seminar on May 15, branded as “Investor Day,” where Tanzania’s Minister for Finance, Hamis Omari, is expected to officiate.
Speaking during a press briefing on May 13, 2026, Dr Nsekela said the bank’s strong performance reflects growing customer confidence, strategic investment in digital banking, and continued innovation in financial services.
“A profit of more than TZS 206 billion is a major achievement in the financial sector. It demonstrates the strength of our systems, the trust our customers have in us, and the strong cooperation we continue to receive from shareholders and stakeholders,” he said.
He added that the bank has continued to expand access to modern banking services through digital platforms and innovative financial systems aimed at improving convenience for customers across the country.
Prof Mori said the improved performance enabled the bank to increase dividends for shareholders, describing the move as part of CRDB’s commitment to delivering value to investors.
“This increase reflects the continued growth and strong performance of our bank. We appreciate our shareholders for their continued trust and support throughout our growth journey,” she said.
She noted that CRDB remains among the few companies listed on the Dar es Salaam Stock Exchange, a position that has helped attract both local and international investors while encouraging wider public participation in capital markets.
The bank has also placed strong focus on youth empowerment this year under the theme “Youth and Investment in Shares.”
According to Prof Mori, this year’s seminar aims to educate young people on investment opportunities in capital markets, proper use of financial services, and ways to build long-term financial independence through legitimate investments.
“Young people are a key force in our economy. They have innovation, energy and huge potential, but many still lack sufficient knowledge about investment opportunities in shares. Through this seminar, we want to open their eyes to these opportunities,” she said.
During the event, the bank also officially launched its 2025 Annual Report, detailing the institution’s financial performance, business growth, sustainability initiatives and operational achievements over the past year.
Dr Nsekela said young people remain central to the future of financial institutions and economic growth.
“They are the customers, innovators, investors and leaders of tomorrow. We want to empower them further through technology, financial services and investment opportunities so they can actively participate in the national economy,” he said.
He added that the bank is entering a new phase of growth with plans to expand services both within and outside Tanzania while continuing to strengthen digital banking systems to improve efficiency for customers and shareholders.
Prof Mori said this year’s AGM will be conducted through a hybrid system, allowing some shareholders to attend physically while others participate online to ensure broader inclusion of investors from different parts of the country and abroad.
She added that the bank has continued improving its digital platforms, including SimBanking services, to make it easier for shareholders to access information and participate in the meeting remotely.
