Arusha Tanzania, May 21, 2016 - Tanzania’s leading bank, CRDB Bank PLC shareholders recently approved a dividend payment of TZS10.0 per share proposed by its board during the Annual General Meeting (AGM) held in Arusha. The shareholders also retained PriceWaterhouseCoopers (PWC) as the bank’s auditors for the FY 2017. This follows the presentation of the bank’s financial performance in the 2016 FY after it posted a TZS 118.2 billion pre-tax profit.
CRDB Bank Plc Chairman of the Board, Mr. Ally Laay attributed the Bank`s performance to the consolidation and improvements of income streams.. He also pinpointed the growth in net interest income, fees and commissions coupled with strong cost management. “Despite the challenges that we faced in the year 2016, we are still focused on ensuring high shareholders return as reflected by earnings per share and partly by the dividend per share. We recommended a TZS 10.0 per share dividend and I am happy to note that the same has been approved by the shareholders,” said Mr. Laay.