CRDB Group Plc has closed the first half of the year on a high note, posting a 20.3 percent jump in after-tax profit to 417bn/-, driven by stronger business volumes, growing customer activity and disciplined strategy execution.
This has enabled the leading bank, in terms of profitability and total assets, to strengthening its capacity to finance economic development, support entrepreneurship and create long-term value for customers, shareholders and the communities it serves.
Unaudited financial statements for the second quarter ending June show total Assets rose by 34 percent to 26.4trn/-, customer deposits increased by 37 percent to 18.8trn/-, while net loans expanded by 38 percent to 16.9trn/-, demonstrating the Group’s growing capacity to mobilize capital and finance productive sectors of the economy.
The results underscore the Group’s expanding role in financing businesses and entrepreneurs across agriculture, manufacturing, trade and infrastructure while deepening financial inclusion in Tanzania, Burundi and the DRC.
The Bank’s Group CEO & Managing Director, Dr. Abdulmajid Nsekela, said the strong performance reflects the successful execution of the Group’s strategy, continued investment in digital innovation and growing customer confidence across all its markets.
“Our performance reflects balanced and diversified growth across the business. Interest Income increased by more than 30 percent to 1.18trn/-, while Non-Interest Income rose to 401bn/-, driven by higher transaction volumes, continued growth in fees and commissions, and increasing adoption of our digital banking solutions. Together with strong growth in deposits and lending, these performance drivers demonstrate the resilience of our business model and our ability to consistently create value for customers, shareholders and the economies we serve.”
Dr. Nsekela noted that the Group continues to strengthen its regional footprint through its operations in Tanzania, Burundi and the Democratic Republic of Congo, complemented by CRDB Insurance, the CRDB Foundation and its Representative Office in the United Arab Emirates.
He also added that continued investment in digital banking platforms, payment solutions and customer-centric innovations is accelerating financial inclusion, improving customer experience and enabling millions of customers to access banking services more conveniently, securely and efficiently.
“As our balance sheet expands, so does our capacity to finance businesses, empower entrepreneurs, support farmers, facilitate trade and invest in innovations that improve people’s lives. Every deposit entrusted to us strengthens our ability to lend, and every loan extended creates opportunities that transform lives and economies. That remains the true measure of our success,” Dr Nsekela said.
The Bank’s Chairperson of the Board Prof. Neema Mori, said the results reflect the Board’s commitment to building an institution that creates sustainable value through sound governance, prudent oversight and disciplined execution of the Group’s long-term strategy.
“Our results demonstrate the quality of the Group’s earnings as much as their scale. Strong balance sheet growth, prudent risk management and disciplined cost optimization have enabled us to deliver sustainable profitability while maintaining a resilient capital and liquidity position. This provides a solid foundation to continue investing in innovation, customer experience and regional expansion, while consistently delivering value to our shareholders.”
Prof. Mori added that the Group’s continued growth reflects increasing confidence from customers, investors and development partners, positioning CRDB as one of Africa’s leading financial services groups with a clear purpose of supporting inclusive and sustainable economic development.
On his part the Group Chief Financial Officer, Fredrick Nshekanabo, said the results reflect not only strong growth but also the quality and sustainability of the Group’s earnings.
“Our financial performance is underpinned by disciplined balance sheet management, prudent risk practices and continued operational efficiency. We have delivered strong growth while maintaining a healthy risk profile, robust capital position and sustainable profitability. This gives us the financial strength to continue investing in innovation, customer experience and regional expansion while consistently delivering value to our shareholders.”
Nshekanabo noted that the Group maintained a Return on Equity of 29.1 percent, reflecting its ability to generate strong returns from shareholders’ capital, while the Cost-to-Income Ratio improved to 43.2 percent, demonstrating continued operational efficiency and disciplined cost management.
At the same time, the Group maintained a Non-Performing Loan ratio of 2.3 percent, underscoring prudent credit underwriting and effective portfolio management even as lending expanded significantly.
These results demonstrate that Bank’s continues to grow responsibly, expanding its lending portfolio while preserving asset quality, improving operational efficiency and maintaining one of the strongest financial positions in the market.
As the Bank enters the second half of 2026, Dr. Nsekela noted that the Group remains focused on accelerating digital transformation, deepening financial inclusion, expanding regional opportunities and supporting the productive sectors that drive economic growth.
