CRDB Bank PLC 2018 Annual Report with Sustainability Disclosures
The report highlights CRDB Bank Plc's financial and operational performance for the fiscal year 2018, marking the start of its five-year digital transformation strategy. The company achieved a 77.1% growth in net profit to TZS 64.1 billion, maintaining its position as the largest commercial bank in Tanzania with 23% of total deposits and 20% of total assets. Key achievements included expanding its agent banking network to 5,457 Fahari Huduma agents and migrating over 85% of transactions outside of physical branches. Additionally, the bank successfully adopted IFRS 9 accounting standards and invested TZS 764 million in community development programs focusing on education, health, and environmental conservation.
Company: CRDB Bank PLC
Sector: Finance & insurance
Country: Tanzania
Year: 2018
Type: Annual Report with Sustainability Disclosures
Pages: 241
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CRDB Bank PLC
Annual Report
The report highlights CRDB Bank Plc's financial and operational performance for the fiscal year 2018, marking the start of its five-year digital transformation strategy. The company achieved a 77.1% growth in net profit to TZS 64.1 billion, maintaining its position as the largest commercial bank in Tanzania with 23% of total deposits and 20% of total assets. Key achievements included expanding its agent banking network to 5,457 Fahari Huduma agents and migrating over 85% of transactions outside of physical branches. Additionally, the bank successfully adopted IFRS 9 accounting standards and invested TZS 764 million in community development programs focusing on education, health, and environmental conservation.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees