Dr Kimei |
CRDB Bank said on Thursday it targets to increase net profit
by two fold against 80.5bn/- made last year, as the economic outlook seems
rosy.
Tanzania’s GDP is
estimated to grow by 6.8 per cent this year.
“The group’s focus in the coming year is on expanding
delivery channels through traditional and e-channels to provide services
conveniently,” CRDB’s Managing Director (MD), Dr Charles Kimei said.
The MD said the Burundi outlet is projected to contribute
between three and five per cent of net income in this year. After just a month
it has attracted 1.12b/- in terms of deposits.
The goals, according to the bank, include cost management,
optimised ICT investment expanding outreach locally and regionally and cutting
down non-performance loans ratio to less than 5 per cent.
Dr Kimei told the bank’s investors and analysts at a news
conference yesterday, when presenting last year financial results, that NPLs
have been reduced substantially to 6.8 per cent from 9.1 per cent.
“The reduction of NPLs has enabled us to increases our
profitability level last year,” The MD said.
The CRDB’s assets has grown by 13.3 per cent to 3.07tr/-, to
push further its first position in the market. The bank deposits also went up
by 7.6 per cent to 2.59tr/-, but said they missed the target.
Source: The Daily News, www.dailynews.co.tz, reported from Dar es Salaam
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