CRDB Bank is now Tanzania's largest financial services provider by assets and has a 25 market share. It is rooted in the country's post-independence history. Following the denationalisation strategy of the Tanzanian government, the bank was privatised in 1996 and became CRDB Bank.
The bank has set itself ambitious but achievable targets for its growth. It plans to treble its current TSh20trn balance sheet to TSh60-70trn 24-28bn over the next decade. It also expects to increase its foreign footprint from the current three countries to more over the same period. This would place it firmly among the ranks of the continent's fastest-growing financial institutions.
"We're always guided by a long-term vision," explains Prof. Mori, the bank's chairperson. "Our strategic plans typically run in five-year cycles. The current strategy, which began in 2023, will take us through to 2027. After that, we'll embark on the next five-year plan, which will represent another phase of our growth journey."
