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The Dubai entry marks a step towards greater financial integration, offering East African businesses direct access to international markets.
CRDB Bank is expanding to Dubai as it seeks to play a key facilitative role in enhancing trade and investment opportunities for businesses within East Africa and Asia. Speaking at the weekend during the launch of CRDB Bank’s 30th-anniversary celebrations, the CRDB Bank Group CEO, Abdulmajid Nsekela, said Dubai was selected due to its status as a global financial hub. The expansion will connect East African businesses to international markets, creating new growth opportunities.
Dubai will be the latest addition to the Tanzanian bank, which also has operations in Burundi and the Democratic Republic of Congo (DRC).The bank’s unaudited financial statements for the 2024 calendar year show that it holds total assets of Sh16.6 trillion, customer deposits of Sh10.9 trillion, and loan disbursements of Sh10.4 trillion.
Looking ahead, CRDB Bank aims to expand globally through technology and strategic partnerships while maintaining leadership in Tanzania, Burundi, and the Democratic Republic of Congo.
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The Dubai entry marks a step towards greater financial integration, offering East African businesses direct access to international markets.
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