Dar es Salaam, Jan. 30 -- DAR ES SALAAM: CRDB Bank, one of the countrys leading lenders, has achieved a significant milestone, with its profitability soaring past half a trillion shillings, highlighting robust performance and solid position in the market.

The bank yesterday reported a 30.3 per cent surge in net profit, increasing from 423bn/- in 2023 to 551bn/- in 2024.

This growth was driven by substantial balance sheet expansion and solid revenue growth, underscoring CRDBs resilience in a dynamic economic landscape.

CEO Abdulmajid Nsekela said that the results reflect the success of the banks medium-term strategy (2023-2027), focused on scaling services and fostering financial inclusion across East Africa, particularly for MSMEs, agr...