Tanzania, April 15 -- Dar es Salaam. Shareholders for CRDB Bank Plc must be keeping their fingers crossed as the lender proposes an improvement of 11 percent in dividends.

The rise in dividend is due to a 21 percent improvement in CRDB Bank's Prof After Tax (PAT), according to the audited financial results.

With a double-digit growth in both funded and non-funded income streams, the audited financial results put the bank's PAT at Sh432 billion in 2023, up from Sh351 billion in 2022.

"As such, the Bank has announced a proposed dividend of Sh50 per share to shareholders for the fiscal year 2023, bringing the total dividend to Sh131 billion, representing a growth of 11 percent year on year," the bank said in a statement yesterday.

The pr...