CRDB Bank Tanzania Reports TZS 173 Billion Q1 2025 Profit as ROE Climbs to 30%

CRDB Bank, Tanzania's largest bank by assets, recorded a profit after tax of TZS 173 billion in the first quarter of 2025, a 36% increase compared with the same period in 2024, as management presented the results at the bank's annual investor forum.

Operating income for the quarter reached TZS 496 billion, up 31% year-on-year, driven by a 22% increase in net interest income to TZS 308 billion alongside a 47% increase in non-funded income.

EFFICIENCY AND RETURNS

The cost-to-income ratio improved to 41.7% from 46.0% in the first quarter of 2024.

Return on equity rose to 30.0% from 27.5% in Q1 2024, while return on assets improved to 5.9% from 5.5% over the same interval.

NON-FUNDED INCOME

The bank cited strong digital and alternative channel growth as a key driver of the outcome.

Management presented the detailed results to the investment community at the 2025 Investor Forum.