April

13, 2017

NEWS RELEASE

CRDB Bank Managing Director Dr. Charles Kimei briefing

the media about the Bank`s financial performance for the
year 2016 in his office in Dar es Salaam recently. He is
flanked by the Bank`s secretary Mr. John Rugambo.

CRDB BANK RECORDS INCREASE IN PRETAX PROFIT TO TSHS

118.7 BILLION DESPITE A CHALLENGING YEAR 2016.

Dar es Salaam, Tanzania, April 13, 2017 - Tanzanias leading bank,

CRDB Bank PLC has recorded an impressive pre-tax profit of TShs. 118.2
billion for the year 2016. The Bank`s steady performance comes despite
what can be described as a difficult year, specifically the final quarter of the
particular business year. Three main pillars have driven the profit namely:
Superior Customer Service, innovative products and improved efficiencies.

CRDB Bank Plc Managing Director, Dr. Charles Kimei attributed the
impressive performance to the stable foreign exchange related income,
growth in net interest income and fees and commissions coupled with strong
cost management.

Our interest income grew by 14% to TZS 568.2 billion from TZS 497.4
billion while the net interest income rose to TZS 432.1billion in FY 2016
compared to TZS 390.6 billion recorded in FY 2015 which is an increase of
11%. Also our fees and commissions income grew by 3.8% to TZS 154.5
billion in 2016 from TZS 148.9 billion in 2015 said Dr. Kimei.

Dr. Kimei also noted that the bank remains steadfast in implementing
activities aimed at ensuring growth in digital banking channels of services
through mobile phones (SimBanking) and through the internet (Internet
Banking). The Bank will also continue to put more effort in the retail
(personal, retail, microenterprises and SMEs) business said Dr. Kimei.

Summary of Financial Performance for the year 2016

Net Interest Income growth of 11% to reach TZS 432.1 billion compared
to TZS 390.6 billion recorded during the year 2015.
Total assets grew to TZS 5,415.7 billion from TZS 5,407.8 billion
Slight decrease in Total deposit from TZS 4,246.2 billion to TZS4,109.9
billion
The Group made a profit pre- tax of TZS 118.2 billion compared to TZS
187.7 billion recorded during the year 2015. The Group profit was
impacted by strong provisions from NPL to align with changing regulatory
requirements and anticipated implementation of IFRS in 2018.
Employment grew by 21% to reach a total of 3,196 staff
 76 new branches and outlets were opened to reach a total of 250
branches from 199 branches in the previous year.

Other Key Highlights

The year 2016 marked the Banks 20th Anniversary.
Core banking system upgrade was successfully implemented in May
2016.
Establishment of Insurance Brokerage Company Ltd.
Implemented SME credit rating model.
Development of M-Wallet (mobile money Wallet) to extend banking
services through mobile phones to the unbanked population.
Extended card usage campaign for Tembocard Visa/MasterCard/CPU to
promote cashless economic transactions.
Bank invested heavily in expansion of its network - 76 new
branches/service centers and other outlets were opened and 58
additional ATMs installed and 850 new FahariHuduma agents (to reach
2,558 agents).
Automation of loan origination workflow to improve quality of credit
appraisal process
The Bank completed rating by Moody's and for the first time an entity
in Tanzania is rated B1
Upgrade of Centralized back office workflow system

CRDB Bank received 8 awards in different categories.

1. Africa Business Leadership Excellency Awards - African Leadership
Awards, New York 2016. (Courtesy: African Leadership Magazine).
2. Best Retail Bank Tanzania Banker Africa East Africa Awards 2016.
3. The Best East African Bank of the year African Banker Awards (AfDB
Awards 2016).
4. Best Commercial Bank Tanzania International Banker Awards 2016.
5. Best Innovation in Retail Banking Tanzania International Banker
Awards 2016.
6. Best Local Trade Finance in Tanzania Global Trade Review (GTR)
 7. Certificate of Appreciation on financial contribution Womens Economic
Empowerment Forum (WEEF) The United Republic of Tanzania, Vice
Presidents Office.

CEO CRDB Bank PLC

8. Top Individual Award East African Banker Lifetime Achievement Banker
Africa East Africa Awards 2016.
GM CRDB Burundi S.A.
9. Best Enterprise in Banking in Burundi - Manager of the Year
European- Business Assembly UK 2016.

-END-

About CRDB PLC

CRDB Bank Plc is a leading, wholly-owned private commercial bank in

Tanzania. The Bank was established in 1996 and has grown and prospered
over the years to become the most innovative, first choice, and trusted bank
in the country. CRDB Bank has been recording progressive profit every year
since its foundation and has paid dividends annually. The Bank reached an
important milestone recently and was listed on the Dar es Salaam Stock
Exchange on 17th of June, 2009.

CRDB Bank offers a comprehensive range of Corporate, Retail, Business,

Treasury, Premier, and wholesale microfinance services through a network of
over 250 branches, 510 ATMs, 18 Depository ATMs, 12 Mobile branches,
more than 2,558 FahariHuduma agents, 900 Point of Sales (POS), terminals
and scores of Microfinance partners institutions. The Bank also operates
through Internet and Mobile banking services.
For More information, please contact:

Name Mobile Email

Tully Esther +25576920060 Tullyesther.Mwambapa@crdbbank.com
Mwambapa 0
Godwin Jaha +25576800202 Godwin.Semunyu@crdbbank.com
Semunyu 0