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Title:
Tanzania - CRDB Bank Plc
Detail:
The proposed project consists of a USD 50 million 7-year subordinated debt to CRDB Bank PLC (CRDB) with a 5-year grace period and a USD 10 million line of credit (LOC). CRDB was established in 1996 and listed on the Dar es Salaam Stock Exchange in 2009. It is the second largest bank in Tanzania in terms of overall loans, assets and customer deposits as at Q4 2020. It is therefore a leading bank in the country and has a subsidiary in Burundi. The project includes a USD 125,000 technical assistance (TA) grant from the Women's Enterprise Finance Initiative (We-Fi) under the Affirmative Action for African Women in Finance (AFAWA) programme.
Country:
Tanzania
Source:
African Development Bank Group
Published Date:
N/A
URL:
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Regions:
Africa Sub-Saharan Africa
Sectors:
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