CRDB safest bank in Tanzania: Global Finance magazine

DAR ES SALAAM: CRDB Bank has once again cemented its position as a powerhouse in the country’s banking sector after receiving the prestigious titles of ‘Best Bank in Tanzania’ and ‘Safest Bank in Tanzania’, awarded by Global Finance Magazine.

These awards, presented during the IMF and World Bank annual meetings in the US mark the fifth consecutive year for CRDB as the country’s Best Bank and the second year running as the Safest Bank – a remarkable achievement underscoring the Bank’s resilience, safety and innovation in the financial services industry.

The awards honor CRDB Bank’s sustainable growth model, which brings tangible benefits to customers, investors and the country’s economy at large.

The CRDB Group CEO, Mr Abdulmajid Nsekela, said the awards signified the lender’s impactful role within both the country and regional financial landscapes.

“We are honoured to be recognised as Tanzania’s Best Bank by Global Finance once again,” said Mr Nsekela over the weekend through a statement: “This award signifies that we are indeed on the right path–delivering a distinguished experience to our customers and value to our shareholders, while making impactful contributions to Tanzania’s financial sector.”

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The Bank has seen an unprecedented year of overall performance, attributed in large part to enhancements in its digital infrastructure, which have bolstered efficiency and innovation in service delivery.

“It is a privilege to be named both Safest Bank and Best Bank in Tanzania, as we advance our mission to empower Tanzanians and extend our influence on the international stage,” the CRDB boss said.

With over 14tri/- in assets, CRDB stands as the country’s largest bank, recognised for consistent success across critical business metrics.

The Global Finance Founder and Editorial Director, Mr Joseph Giarraputo, said that CRDB’s dedication to financial inclusion and commitment to exceptional service deserve recognition.

“Over the past year, CRDB has made significant strides in providing worldclass services and building trust among its customers nationwide,” Mr Giarraputo said.

Additionally, during the World Economic Summit in Washington, D.C., Mr Nsekela participated in a high-profile panel on digital payment transformation, showcasing CRDB’s commitment to advancing digital solutions that enhance financial accessibility.

He also engaged in strategic meetings with prominent financial organisations, including the World Bank, Exim Bank US and Yaatra Ventures, aiming to unlock new capital streams and position the country as an emerging force in the global economy