CRDB Bank, Tanzania's largest privately owned lender, reported profit after tax of TZS 550.8 billion for the full year 2024, a 30.3% increase on the prior year and the strongest annual result in the bank's history, according to full-year results released on 29 January 2025.
Total assets reached TZS 16.6 trillion by the end of 2024, a rise of about 25% on the previous year, while net loans expanded 22.8% to TZS 10.4 trillion. Total deposits stood at TZS 10.9 trillion.
EFFICIENCY AND RETURNS
The cost-to-income ratio improved to 45.7% for 2024.
The bank's return on equity was 27.7%.