CRDB BANK STARTS SEARCHING FOR DR CHARLES KIMEI HEIR

CRDB Bank Managing Director, Dr. Charles Kimei.

CRDB bank has started the process of searching for a new Managing Director, almost two years before Dr Charles Kimei retires.

The bank constitution directs that the exercise should begin 18 months before the sitting Managing Director retires. Dr Kimei will clock 21 years as the bank top boss by May 2019.

The process starts earlier to facilitate a smooth succession, Dr Kimei announced recently.

He raised the bank from the verge of bankruptcy and turned it into one of the leading financial institutions in the country.

Twenty years ago the bank’s assets were TZS 54bn/- but grew to TZS 5.9tri/- while deposits were TZS 40bn/- and reached TZS 4.3tri/-.