CRDB Bank: Providing Loans Ranging from 50 Dollars up to 100 Million Dollars

Saugata Bandyopadhyay, Deputy Managing Director of CRDB, gives an overview of the bank. CRDB plays in all the segments and is the only bank in Tanzania that gives loans ranging from 50 dollars up to 100 million dollars.

“CRDB is celebrating its 20 years so far. It is around a 3 billion dollar bank. It has been listed on the stock exchange since 1999, on the Dar es Salaam stock exchange. We have our promotors, mainly institutions and 40% are small shareholders. At present the institutions are pension funds, IFC, CDC and 21% is held by foreign private equity funds. That gives the bank a widely held structure. We play in all segments. This is the only bank that gives a 50 dollar loan but also gives a 100 million dollar loan. We have microfinance to corporate finance. We do microfinancing, retail lending, SME lending, business, mid corporate, corporate, etc. The bank over the last twenty years of transformation has the courage to be technology based. We are a bank which has always introduced products which are prevalent in other developed or developing countries around the world. For that we have been also recognised by various magazines. We got our Euro Money Award in 2004 and many other awards also”, says Saugata Bandyopadhyay.