Zanzibar VP, Balozi Seif Ali Iddi takes up Shareholding in CRDB ’s leading , remains a strategic establishment in the CRDB Bank Plc’s recent stellar economic setup of the country and performance in the 2018 financial year, urged for diligence in its management. followed by impressive results reported in Q1 of 2019 have continued to excite “The Government is keen on the market, even as it targets better enhancing transparency and diligence growth. and I believe that at this AGM, the management of CRDB Bank is doing ’s Vice President, Hon Balozi what we expect of them,” PM Seif Ali Iddi, is the latest high-profile Majaliwa said. individual to exude confidence in the Bank, after he acquired shares, hot on CRDB Bank’s performance has the heels of a successful Annual signaled a renewed time for the General Meeting (AGM), held in institution, with a 78% jump in Profit Arusha mid-May. After Tax (PAT) in 2018 to reach TZS 64 billion up from TZS 34 billion While signing up for an undisclosed reported in 2017. shareholding in the Bank, Hon Balozi Seif Ali Iddi said he believed in the CRDB Bank CEO and Managing Bank’s prospects and future, Director, Abdulmajid Nsekela says the acknowledging that the institution Bank is currently focused on Officer Ms. Hamida Juma assists VP, Balozi Seif Ali Iddi fill in a form for CRDB continues to play a pivotal role in leveraging technology to deliver Bank shares purchase. driving the country’s economy. services and increase earnings. TZS 30.699 billion, up from TZS 9.729 On April 30, the Bank’s share price “CRDB Bank is our source of pride and Nsekela says: “we have made a billion posted in Q1 of 2018. jumped to TZS 130, up from TZS 125 I am elated to have a stake, largely deliberate effort to drive sales through pushing the Bank’s capitalization from inspired by the impressive financial innovation and enhanced customer “These numbers have put us ahead of TZS 326.48 billion TO 339.54 billion. performance and evidence of good experience.” the pack, which we believe is our corporate governance,” Hon Balozi rightful position as the country’s Since May, CRDB Bank share (CRDB) remarked. first-choice Bank,” says Nsekela. has buoyed trading at the bourse, being among top movers in what analysts Since the Bank announced the financial believe is reflective of the positive results, there have been positive sentiments driven by the bank’s movements at the securities market, financial resilience. with the Bank’s shares increasing in trading volumes despite a slight change During the AGM, the Bank declared a in price. 60% increase in dividend pay-out to shareholders of TZS 8.

Mr. Mbwana Ahmed (BM) hands VP, Balozi Seif Ali Iddi the 24th Annual General Meeting book along with the Annual Report 2018. The CEO is upbeat about the Bank’s The VP joins the list of other high performance in 2019, saying he will profile individuals, including his now focus on cementing the Excellency President John Joseph achievement to maintain Bank’s Pombe Magufuli, who have publicly position as the most profitable financial expressed confidence in the Bank, entity in Tanzania. especially in the wake of good financial VP, Balozi Seif Ali Iddi signs his form for CRDB Bank shares purchase. performance reported since last year. In Q1 of 2019, the Bank posted TZS 43.81 in operating profit, almost triple During the recently concluded 24th the numbers posted in the AGM, Prime Minister, Hon Kassim corresponding quarter in 2017. Majaliwa Majaliwa heaped praise on CRDB Bank, citing its strategic value The Bank’s net profit for the first to the country as ‘a source of national quarter of 2019 rose 215.5% to clock pride.’

The Premier noted that CRDB+255 Bank 755 197 700 www.crdbbank.co.tz crdbbank Plc