CRDB Bank Group reported a 29.1 percent increase in profit after tax to Sh672.07 billion for the nine months ending September 2026. This growth was driven by an increase in lending and customer deposits. The bank's profit before tax rose 28.9 percent to Sh962.24 billion, while total assets grew 34.2 percent to Sh27.45 trillion.
The bank's net loans increased by 43.7 percent to Sh18.44 trillion, while customer deposits rose 26.5 percent to Sh17.79 trillion. CRDB Bank Group Board Chairperson Neema Mori stated that the results reflected the Group's strategy and its contribution to economic development. The bank aims to build a resilient institution that delivers sustainable shareholder value while supporting businesses and communities.
CRDB Bank Group's growth in financial capacity is expected to support Tanzania's Development Vision 2050. The vision focuses on financing productive sectors, promoting financial inclusion, and facilitating regional economic integration. Group chief executive and managing director Abdulmajid Nsekela attributed the performance to the implementation of the bank's EVOLVE Strategy and investment in innovation.
The bank's performance was also driven by demand for financial services across its markets. Dr. Nsekela stated that the growth reflects the ambitions of the customers and businesses served. The bank's loan portfolio expansion represents greater financial capacity to support enterprises and facilitate investment across the economy.
CRDB Bank Group continues to finance key sectors such as agriculture, manufacturing, trade, and entrepreneurship. The bank is also expanding its digital banking services. Through its subsidiaries in Burundi and the Democratic Republic of Congo, and its presence in Dubai, the Group supports cross-border trade and investment.
The Group's non-performing loan ratio stood at 2.27 percent, while its cost-to-income ratio was 41.42 percent. Return on equity reached 29.33 percent, with return on assets at 5.04 percent. Group chief financial officer Fredrick Nshekanabo stated that the results demonstrate the Group's ability to expand lending while maintaining control over costs and loan quality.
During the period, the Group paid Sh267.9 billion in income tax and Sh228.44 billion in dividends. Earnings per share reached Sh257.32. The bank employed 4,811 people and spent Sh360.39 billion on salaries and employee benefits. CRDB Bank was named Best Bank in Tanzania 2026 by Global Finance, and it plans to continue using its financial capacity to support businesses and contribute to economic development.
Key points
- CRDB Bank Group's profit after tax rose 29.1 percent to Sh672.07 billion.
- The bank's net loans increased by 43.7 percent to Sh18.44 trillion.
- CRDB Bank was named Best Bank in Tanzania 2026 by Global Finance.
