Company Intelligence — Overview

CRDB Bank

Tanzania’s Largest Bank, Compounding at Scale
DSE: CRDB · Dar es Salaam Stock Exchange · FY ending 31 Dec
~2,650
Market price · TZS/sh (Jun 26)
724.6 bn
FY25 profit after tax
22.2 tn
Total assets
277
FY25 EPS · TZS
2.97%
NPL ratio
~9.6×
Trailing P/E
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Tanzania’s largest bank by assets — a diversified universal franchise with a growing regional footprint — that delivered record FY2025 profit of TZS 724.6bn (+31%) while keeping non-performing loans below 3%.

The analysis — key observations
  • Scale and diversification. ~TZS 22.2tn in assets and TZS 14.68tn in deposits across retail, corporate, and regional arms — the broadest banking franchise in the country.
  • Record profitability. Profit after tax of TZS 724.6bn, up 31% year on year; EPS rose to TZS 277 from TZS 211 — among the most profitable banks on the DSE.
  • Clean asset quality. NPL ratio improved to 2.97%, comfortably inside regulatory guidance and a sign of disciplined underwriting through the cycle.
  • Growing capital return. Dividends paid rose to TZS 169.8bn (from TZS 130.6bn) — a rising payout backed by strong internal capital generation.
Sector context — CY2025
Tanzania’s banking sector assets reached TZS 79.4tn and sector profit rose 21% to TZS 2.62tn in 2025 — with CRDB and NMB together dominating the industry’s earnings.
FY2025 performance
+31%
Profit after tax → 724.6bn
+8.6%
Total assets → 22.2tn
+5.5%
Deposits → 14.68tn
277
EPS · TZS
from 211
2.97%
NPL ratio
improved
90
Dividend · TZS/sh
169.8bn total
Valuation context — TZS/share (illustrative, educational)
MethodIndicative range
Market price (Jun 26)~2,650
Trailing P/E on FY25 EPS~9.6×
Illustrative peer P/E 8–12×2,220–3,320

Illustrative valuation framing for education only — not a price target or recommendation. Trailing P/E uses the ~2,650 market price over FY25 EPS of 277; the peer-range row applies an illustrative 8–12× multiple and is shown only to frame context.

Market backdrop — Tanzanian banking & macro · CY2025
79.4 tn
Sector assets · TZS
2.62 tn
Sector profit · +21%
~6%
GDP growth
~3.3%
Inflation · stable macro
Credit cycle

Asset quality is strong today; any macro or sectoral downturn would test the loan book given the bank’s scale.

Regional execution

Growth increasingly leans on regional subsidiaries — an opportunity that also carries cross-border execution risk.

Rates & liquidity

Margins and deposit costs move with the BoT rate cycle; thin DSE float shapes how the shares trade.