CRDB Bank Burundi
| 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 |
| Revenue |  Aftertax:US$11,694,900 (TSh30.2 billion) (2023)[1] |
| Total assets | BIF 685 billion (US$ 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.[2]
Location
[edit]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
[edit]As of September 2022, the total assets of CRDB Bank Burundi were valued at 685 billion BIF (US$334 million).[4]
History
[edit]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
[edit]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
[edit]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
[edit]
- List of companies of Burundi
- List of banks in Burundi
- Bank of the Republic of Burundi
- Economy of Burundi
References
[edit]- ^ 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.
- ^ a b c EBAO (31 December 2023). "CRDB Bank Burundi S.A." EBA Oxford (EBAO). Oxford, United Kingdom. Retrieved 31 December 2023.
- ^ "Location of the Headquarters of CRDB Bank Burundi S.A." (Map). Google Maps. Retrieved 31 December 2021.
- ^ Christella Ntirenganya (23 February 2023). "Tanzania vows to continue supporting the CRDB Bank Burundi". Region Week. Bujumbura, Burundi. Retrieved 31 December 2023.
- ^ 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.
- ^ 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.
- ^ TCZNT (17 March 2021). "CRDB Bank Names Head of Burundi Operations". The Citizen (Tanzania) (TCZNT). Dar es Salaam, Tanzania. Retrieved 31 December 2023.
- ^ CRDBBU (31 December 2023). "About Us: Board of Directors". CRDB Bank Burundi S.A. (CRDBBU). Bujumbura, Burundi. Retrieved 31 December 2023.