CRDB Bank Plc Financial Update - January 2023

CRDB Bank Plc remained Tanzania's largest bank in terms of assets, while holding 25% of the Tanzania's overall banking sector loan portfolio. During the year 2022, the bank saw its net profit grow by 31% as a result of a growth in the bank's loan portfolio as well as non-interest income. Quality of loans improved, with the bank's NPL ratio falling below 3%, way below the regulatory threshold of 5%. The bank tackled its last year's challenge of suppressing its cost to income ratio below the compliance threshold of 55%, as the CIR falls to 46%. 

The price of CRDB has gone up by 3.85% since the results were announced, along with a scarcity for the shares. The projected dividend yields about 11.6% on the current price, following the bank's dividend policy and historical payout ratio. From the bank's usual financial calendar, dividend payment is expected in June 2022, while the dividend announcement to come in May, right before the AGM.