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CRDB Bank PLC Shareholders Approve TZS 12 Dividend Following a 103% Jump in Pre-tax Profit in FY 2012

Arusha Tanzania, May 11, 2013 - Tanzania’s leading bank, CRDB Bank PLC shareholders Saturday approved a dividend payment of TZS12.0 per share (30% increase from 2011) proposed by the board during the Annual General meeting (AGM) held in Arusha. The shareholders also retained PriceWaterhouseCoopers (PWC) as the bank’s auditors for the FY 2013. This follows the bank’s impressive performance in the 2012 FY after it posted a TZS107.7 billion pre-tax profit - a 111% increase compared to the previous FY which stood at TZS51.0 billion.

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