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Tanzania’s CRDB to expand footprints to DRC

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CRDB Bank Plc secured a licence to operate in the Democratic Republic of the Congo (DRC). This will help the banking major to expand its foothold in the East African Community region. DR Congo is the newest member of the EAC. CRDB already operates in Burundi

CRDB Bank Plc secured a licence to operate in the Democratic Republic of the Congo (DRC). This will help the banking major to expand its foothold in the East African Community region. DR Congo is the newest member of the EAC. CRDB already operates in Burundi.

DRC’s central bank, known in French as Banque Centrale du Congo (BCC), granted the licence to CRDB Bank during a special meeting between its management and that of the delegation of CRDB Bank Plc, led by chief finance officer, Mr Fredrick Nshekanabo.

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Upon granting the licence, the First Vice Governor of the BCC, Dieudonné Fikiri Alimasi, congratulated the CRDB Bank for the step. He said that it would boost competition in the delivery of financial services in the DRC.