| 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 |
| 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. [1]
The headquarters and main branch of CRDB Bank Burundi S.A. are located at Chausee du Prince Louise Rwagasore 257, in the city of Bujumbura, Burundi's commercial capital. [2]
As of September 2022, the total assets of CRDB Bank Burundi were valued at BIF 685 billion (US$334 million). [3]
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, [1] which includes CRDB Bank, CRDB Bank DR Congo [4] and CRDB Insurance. [5]
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. [1]
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. [6] As of December 2023, the Chairman of the five-person board of directors is Hosea Ezekiel Kashimba, one of the non-executive directors. [7]
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.
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CRDB Bank Plc is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator. As of September 2022, CRDB Bank was the largest commercial bank in Tanzania.
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Burundi–Tanzania relations are bilateral relations between Burundi and Tanzania. Burundi is a strategic partner of Tanzania in many areas, particularly trade. Since Burundi is a landlocked country, almost 80% of its goods are moved through by road to Dar es Salaam Port. Tanzania has also been a strategic partner in mediating the political tensions in the country. Both countries are members of the African Union.
The Kabingo–Kasulu–Manyovu–Mugina–Rumonge Road is a road in Tanzania, connecting the towns of Kabingo, Kasulu and Manyovu in Tanzania to Mugina in Burundi.
The CRDB Bank Group, is a privately owned conglomerate in Tanzania. The anchor company in the group is CRDB Bank Plc., the largest commercial bank in Tanzania, based on assets. As of 31 December 2023 CRDB Bank had assets valued at TSh10.897 trillion.
CRDB Bank DR Congo, is a commercial bank in the Democratic Republic of the Congo. It is licensed by the Central Bank of the Congo, the central bank and national banking regulator. CRDB Bank DR Congo opened for business in Lumumbashi, Haut-Katanga Province on 10 July 2023.
