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  • 21 Aug, 2019

  • By, Wikipedia

CRDB Bank Burundi
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.

Location

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.

Overview

As of September 2022, the total assets of CRDB Bank Burundi were valued at 685 billion BIF (US$334 million).

History

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, which includes CRDB Bank, CRDB Bank DR Congo and CRDB Insurance.

Ownership

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.

Governance

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. As of December 2023, the Chairman of the five-person board of directors is Hosea Ezekiel Kashimba, one of the non-executive directors.

See also

References

  1. ^ 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.
  2. ^ EBAO (31 December 2023). "CRDB Bank Burundi S.A." EBA Oxford (EBAO). Oxford, United Kingdom. Retrieved 31 December 2023.
  3. ^ "Location of the Headquarters of CRDB Bank Burundi S.A." (Map). Google Maps. Retrieved 31 December 2021.
  4. ^ Christella Ntirenganya (23 February 2023). "Tanzania vows to continue supporting the CRDB Bank Burundi". Region Week. Bujumbura, Burundi. Retrieved 31 December 2023.
  5. ^ 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.
  6. ^ 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.
  7. ^ TCZNT (17 March 2021). "CRDB Bank Names Head of Burundi Operations". The Citizen (Tanzania) (TCZNT). Dar es Salaam, Tanzania. Retrieved 31 December 2023.
  8. ^ CRDBBU (31 December 2023). "About Us: Board of Directors". CRDB Bank Burundi S.A. (CRDBBU). Bujumbura, Burundi. Retrieved 31 December 2023.

03°23′08″S 29°22′06″E / 3.38556°S 29.36833°E / -3.38556; 29.36833

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