CRDB Bank Burundi

Last updated

CRDB Bank Burundi S.A.
Company typePrivate company: Subsidiary of CRDB Bank Group
Industry Financial services
FoundedDecember 7, 2012;11 years ago (2012-12-07)
Headquarters
Bujumbura
,
Burundi
Key people
Products Loans, Transaction accounts, Savings, Investments, Debit Cards
RevenueIncrease2.svgAftertax:US$11,694,900 (TSh30.2 billion) (2023) [1]
Total assets BIF 685 billion (US$ 334 million) (September 2022)
Website crdbbank.co.bi/en/

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]

Contents

Location

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. [3]

Overview

As of September 2022, the total assets of CRDB Bank Burundi were valued at 685 billion  BIF (US$334 million). [4]

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]

See also

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References

  1. ↑ Marc Nkwame (17 May 2024). "CRDB to launch new branches in three more African countries". IPP Media. Dar es Salaam, Tanzania. Retrieved 19 May 2024.
  2. 1 2 3 EBAO (31 December 2023). "CRDB Bank Burundi S.A." EBA Oxford (EBAO). Oxford, United Kingdom. Retrieved 31 December 2023.
  3. ↑ "Location of the Headquarters of CRDB Bank Burundi S.A." (Map). Google Maps . Retrieved 31 December 2021.
  4. ↑ Christella Ntirenganya (23 February 2023). "Tanzania vows to continue supporting the CRDB Bank Burundi". Region Week. Bujumbura, Burundi. Retrieved 31 December 2023.
  5. ↑ Josephine Christopher (5 May 2023). "Tanzania's CRDB Bank gets license to operate in DR Congo". The Citizen (Tanzania) . Dar es Salaam, Tanzania. Retrieved 31 December 2023.
  6. ↑ Zephania Ubwani (18 May 2023). "CRDB Bank Plc ventures into insurance business with new subsidiary". The Citizen (Tanzania) . Dar es Salaam, Tanzania. Retrieved 31 December 2023.
  7. ↑ TCZNT (17 March 2021). "CRDB Bank Names Head of Burundi Operations". The Citizen (Tanzania) (TCZNT). Dar es Salaam, Tanzania. Retrieved 31 December 2023.
  8. ↑ CRDBBU (31 December 2023). "About Us: Board of Directors". CRDB Bank Burundi S.A. (CRDBBU). Bujumbura, Burundi. Retrieved 31 December 2023.

03°23′08″S29°22′06″E / 3.38556°S 29.36833°E / -3.38556; 29.36833

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