CRDB limited has recorded an impressive financial performance of Tsh 80 billion during the eleven months of the current calendar year which went up to 60 percent.
CRDB PLC Head Quarters Building, Azikiwe Street-Dar es Salaam.
Dr Charles Kimei CRDB Managing Director has said that during an event to mark the bank’s family day at the weekend in Dar es Salaam that the country’s largest bank by assets made a profit after tax of TSh50 billion during the first eleven months of the 2011 calendar year.
“Basically, 2012 has been a year that was full of challenges to financial institutions. However, we managed to make a profit of Sh80 billion between January and November 2012. In a similar period last year, we made a profit after tax of Sh50 billion,” Kimei attributed.
CRDB attributes its success to innovative services and the bank’s massive branch expansion drive across the country and made the most bank that have many branch network in Tanzania.
Currently CRDB has a branch network of 85 outlets.
Its SIM Banking service, launched in 2010 was recently improved to cover many other areas that help clients in meeting their financial needs.
And, having registered a splendid performance in 2012, the bank now looks to a bright 2013, banking its hopes at further increasing the number of its branch network and coming up with more and more innovative ideas.
According to Dr Kimei, for this year the bank has employed more than 300 new employees across the country.
“The Labour force that has joined us recently would enable us to continue improving our service and also to enable the bank to be among the best successful banks in East Africa,” said Dr Kimei.

ALEX FERGUSON taunted Chelsea boss Rafa Benitez by predicting an all-Manchester title shootout.

Robin van Persie smashed the fastest Prem goal of the season after just 33 SECONDS to sink West Ham and keep United top.
And Mario Balotelli’s first league goal this term helped City stay in touch with a win at Wigan.
Chelsea lie SEVEN points behind the leaders and six behind City.
United manager Fergie declared: “Tonight’s results have drawn us away from Chelsea a little bit further.
“We’re still ahead in the league but City are on our tails and it’s going to be a long season.
“The importance of winning 1-0 in certain games is that your opponents know the resilience is there.
“If you look at some of the really important 1-0s we’ve had... go back to beating Newcastle when they were nine points clear of us in 1996 — our 1-0 that night won us the league.
“There are important 1-0 victories. We’ve had many of them.”
Meanwhile, City boss Roberto Mancini insisted Balotelli is not for sale after the Italian’s second-half strike was followed by a James Milner screamer to seal the champions’ victory at the DW Stadium.
Super Mario’s future at the Etihad looked bleak earlier this month after he was left out of the squad against Tottenham.
But Mancini said: “No, no, we are not looking to sell Mario. I am very happy for him because he scored his first goal this year and I hope he can improve on this.
“His goal was important because it changed the game for us. After that, everything changed.
“Mario is one of the four top strikers here and it is clear they have had some difficulty to score lots of goals like last year.
“The season is long and we need them.
“We have a lot of games in the next month and everything can change.
“If teams are playing in the Champions League it can change everything.
“Chelsea can still fight for the title and Manchester United are still top — but there is a long way to go.”


Read more: http://www.thesun.co.uk/sol/homepage/sport/football/4671497/Alex-Ferguson-predicts-it-will-be-Manchester-United-versus-Manchester-City-for-the-Premier-League-title.html#ixzz2DaL5mXfp
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