CRDB Bank Plc
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
CRDB Bank Plc ("CRDB") is one of the largest banks in Tanzania and a universal bank providing financial services to individuals, micro-, small-, and medium-sized enterprises (MSMEs), and corporates through a robust network of branches, agents, ATMs, and mobile units across Tanzania. The bank is listed on the Dar es Salaam Stock Exchange and has recently been expanding its operations across the region with subsidiaries in Burundi, DRC and the Representative Office in Dubai, UAE.
What is our funding objective?
FMO is providing a USD 75 million subordinated debt with a 10-year non-call 5-year facility. The facility strengthens CRDB's capital base and finances the growth of the (M)SME portfolio.
Why do we fund this investment?
This transaction offers FMO a strategic opportunity to deepen its relationship with CRDB Bank, a key player in Tanzania and an emerging regional actor in East Africa, currently active in Burundi, DRC and Dubai, UAE. It aligns fully with FMO’s 2030 strategy by expanding exposure to financially strong clients in Least Developed Countries (LDCs) 100% of FMO’s investment is labelled as Reducing Inequalities as it supports activities that contribute to financial flows to LDCs, contributing to SDG 10.
What is the Environmental and Social categorization rationale?
CRDB is categorized as E&S Category A in accordance with FMO’s Sustainability Policy and based on its exposure in the corporate segment and to sectors with potentially significant and adverse environmental and social (E&S) risks, such as agriculture, construction, oil and gas, and mining. Key potential impacts and risks related to these sectors in the country could include deforestation, loss of biodiversity, pollution, and labor and occupational health and safety risks. CRDB's E&S risks are managed through an Environmental and Social Management System (ESMS) operated by a dedicated E&S team. An E&S Action Plan has been agreed to strengthen the ESMS and its implementation. As part of the transaction, it is agreed that CRDB will continue to apply the EDFI Exclusion List, local E&S laws and regulations, and the IFC Performance Standards for applicable transactions.
More investments
| Date | Total FMO financing |
|---|---|
| 12/18/2023 | USD 75.00 MLN |
- Website customer/investment
- https://crdbbank.co.tz/en
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Financial Institutions
- Publication date
- 7/14/2026
- Effective date
- 12/2/2025
- Total FMO financing
- USD 75.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A