CRDB Bank (Tanzania)

0 standards supported

Overview

CRDB Bank (Tanzania) is Tanzania's largest commercial bank by assets + DSE: CRDB + ~4M+ customers + CRDB SimBanking mobile + CRDB Burundi + CRDB Bank Congo DRC operations ^{1, Tanzania, United Republic of report}.

History

1996 — CRDB Bank Plc founded via privatization of Cooperative Rural Development Bank state heritage distinctive Tanzanian banking privatization.

2009 — CRDB DSE IPO under ticker CRDB.

2012 — CRDB Bank Burundi subsidiary launch.

2014 — CRDB SimBanking Mobile Banking app launch.

2022 — CRDB Bank Congo DRC subsidiary launch distinctive Tanzanian cross-border banking expansion.

Ownership & operator

Operating entity: CRDB Bank Plc (DSE: CRDB; Tanzania's largest commercial bank by assets).

Major shareholders: DANIDA Investment Fund (Danish development agency) + Public Service Pensions Fund Tanzania PSPF + Parastatal Pensions Fund PPF + NICOL + Tanzanian retail + institutional + foreign investors + post-2009 DSE IPO.

Regulators: BoT (Bank of Tanzania).

Technical integration

CRDB SimBanking mobile app (iOS + Android; ~4M+ customers) + CRDB Bank USSD (15003#) + crdbbank.co.tz online + CRDB branch network across Tanzania + Burundi + DRC + CRDB Visa + Mastercard cards; TZ IBAN + TIPS (Tanzania Instant Payment System) + M-Pesa Tanzania (partial integration).

Implementations & partners

Major Tanzanian banking + payments competitors: NMB Bank (Tanzania) (NMB National Microfinance Bank; DSE: NMB; Tanzania's #2 commercial bank by assets) + NBC Tanzania (National Bank of Commerce Tanzania; Tanzanian commercial bank) + Stanbic Bank Tanzania (Stanbic Tanzania; Standard Bank Group South African parent subsidiary) + KCB Bank Tanzania (KCB Bank Tanzania; KCB Kenyan parent subsidiary) + M-Pesa TZ (M-Pesa Tanzania Vodacom mobile money) + Tigo Pesa QR (Tigo Pesa Tanzania mobile money) + Airtel Money Tanzania (Airtel Money Tanzania).

Regulator: BoT.

Status

Active, Tanzania's largest commercial bank by assets + DSE: CRDB + ~4M+ customers + CRDB Burundi + CRDB Bank Congo DRC operations ^{1, 2}.

Sources

1 CRDB Bank — official
2 CRDB Bank — Wikipedia
^{Tanzania, United Republic of report} In-corpus: reports/countries/TZ-tanzania.md

Source

Biography extracted from crdb-tanzania.md. See matrix.md for standards-support matrix if present.