CRDB Bank Burundi
From Wikipedia, the free encyclopedia
| Company type | Private company: Subsidiary of CRDB Bank Group |
|---|---|
| Industry | Financial services |
| Founded | December 7, 2012 |
| Headquarters | , |
Key people |
|
| Products | Loans, Transaction accounts, Savings, Investments, Debit Cards |
| Revenue |  Aftertax:US$11,694,900 (TSh30.2 billion) (2023)[1] |
| Total assets | BIF 685 billion (US$ 334 million) (September 2022) |
| Website | crdbbank |
CRDB Bank Burundi, also CRDB Bank Burundi S.A., is a commercial bank in Burundi. It is licensed and supervised by the Bank of the Republic of Burundi, the central bank and national banking regulator. The commercial bank was established on 7 December 2012, as a 100 percent subsidiary of CRDB Bank Plc, based in neighboring Tanzania.[2]
Overview
History
The bank was officially opened for business on 7 December 2012. It is a subsidiary of the Tanzanian financial services provider, CRDB Bank Plc. and is a component of the CRDB Bank Group,[2] which includes CRDB Bank, CRDB Bank DR Congo[5] and CRDB Insurance.[6]
Ownership
The shares of stock of CRDB Bank Burundi are 100 percent owned by CRDB Bank Plc, a Tanzanian financial services conglomerate, whose shares are traded on the Dar es Salaam Stock Exchange (DSE), under the symbol: CRDB.[2]
Governance
In March 2021, Bruce Mwile, the founding chief executive officer was promoted to Group Operating Officer and was replaced by Fredrick Siwale, as CEO of the Burundi subsidiary.[7] As of December 2023, the Chairman of the five-person board of directors is Hosea Ezekiel Kashimba, one of the non-executive directors.[8]
