Company Intelligence — Overview
CRDB Bank
Tanzania’s largest bank, compounding at scale
DSE: CRDB · Dar es Salaam Stock Exchange · FY ending 31 Dec
~2,650
Market price · TZS/sh
724.6 bn
FY25 profit after tax
22.2 tn
Total assets
277
FY25 EPS · TZS
2.97%
NPL ratio
~9.6×
Trailing P/E
Subscriber tier
The full 10-section Investment Brief
Full model · valuation · return analysis · recommendation
The analysis — key observations
- Scale & diversification. ~TZS 22.2tn in assets and TZS 14.68tn in deposits across retail, corporate, and regional arms — the broadest banking franchise in the country.
- Record profitability. Profit after tax of TZS 724.6bn, up 31% year on year; EPS rose to TZS 277 from 211 — among the most profitable banks on the DSE.
- Clean asset quality. NPL ratio improved to 2.97%, comfortably inside regulatory guidance and a sign of disciplined underwriting through the cycle.
- Growing capital return. Dividends paid rose to TZS 169.8bn (from TZS 130.6bn) — a rising payout backed by strong internal capital generation.
Tanzania’s banking-sector assets reached TZS 79.4tn and sector profit rose 21% to TZS 2.62tn in 2025 — with CRDB and NMB together dominating the industry’s earnings.
Valuation context — TZS/share (illustrative, educational)
Illustrative valuation framing for education only — not a price target or recommendation. Trailing P/E uses the ~2,650 market price over FY25 EPS of 277; the peer-range row applies an illustrative 8–12× multiple to frame context.
Market backdrop — Tanzanian banking & macro · CY2025
79.4 tn
Sector assets · TZS
2.62 tn
Sector profit · +21%
~6%
GDP growth
~3.3%
Inflation · stable macro
Key risks
Credit cycle
Asset quality is strong today; any macro or sectoral downturn would test the loan book given the bank’s scale.
Regional execution
Growth increasingly leans on regional subsidiaries — an opportunity that also carries cross-border execution risk.
Rates & liquidity
Margins and deposit costs move with the BoT rate cycle; thin DSE float shapes how the shares trade.