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| CRDB Bank CEO and Managing Director, Abdulmajid Nsekela (centre) speaks to reporters about the Bank's half year performance. He attributed the impressive performance to improved business practices, coupled with strategic investments in government securities and increased earnings from forex dealings. |
During the six months period, CRDB Bank Group reported a pre-tax profit of TZS 86.65 billion from its operations, up from TZS 43.85 billion recorded in the same period in 2018.
CEO and Managing Director, Abdulmajid Nsekela attributes the impressive performance to improved business practices, coupled with strategic investments in government securities and increased earnings from forex dealings which he says have boosted the Bank’s revenues.
“Our focus on operational efficiency and sales optimisation is paying off. We are witnessing a rebirth of CRDB Bank, buoyed by strong business fundamentals and a refined offering, as you can see, our earnings from foreign currency dealings have significantly increased showing our commitment in serving each segemnet in the market” says Nsekela.
Nsekela affirms that the Bank’s continued pursuit for business excellence portends even greater financial performance in the second half or the year.
“We are focusing on the customer and this means that we are re-engineering our products and services to respond to the changing needs in marketplace,” he quips.
The CEO says the Bank has instituted internal reforms which are aimed at improving service delivery and optimising processes for an enhanced customer experience.
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