CRDB Bank Burundi, also CRDB Bank Burundi S.A., is a
commercial bank in
Burundi
Burundi (, ), officially the Republic of Burundi ( rn, Repuburika y’Uburundi ; Swahili language, Swahili: ''Jamuhuri ya Burundi''; French language, French: ''République du Burundi'' ), is a landlocked country in the Great Rift Valley at the ...
. It is licensed and supervised by the
Bank of the Republic of Burundi, the
central bank and national banking regulator. The commercial bank was established on 7 December 2012, as a 100 percent subsidiary of
CRDB Bank Plc, based in neighboring
Tanzania.
Location
The headquarters and main branch of CRDB Bank Burundi S.A. are located at Chausee du Prince Louise Rwagasore 257, in the city of
Bujumbura
Bujumbura (; ), formerly Usumbura, is the economic capital, largest city and main port of Burundi. It ships most of the country's chief export, coffee, as well as cotton and tin ore. Bujumbura was formerly the country's normal capital. In late ...
, Burundi's commercial capital.
Overview
As of September 2022, the total assets of CRDB Bank Burundi were valued at (US$334 million).
History
The bank was officially opened for business on 7 December 2012. It is a subsidiary of the Tanzanian financial services provider, CRDB Bank Plc. and is a component of the
CRDB Bank Group,
which includes
CRDB Bank, CRDB Bank DR Congo
and CRDB Insurance.
Ownership
The shares of
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of CRDB Bank Burundi are 100 percent owned by CRDB Bank Plc, a Tanzanian financial services conglomerate, whose shares are traded on the
Dar es Salaam Stock Exchange (DSE), under the symbol: CRDB.
Governance
In March 2021, Bruce Mwile, the founding
chief executive officer was promoted to Group Operating Officer and was replaced by Fredrick Siwale, as CEO of the Burundi subsidiary.
As of December 2023, the
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
of the five-person board of directors is Hosea Ezekiel Kashimba, one of the non-executive directors.
See also
*
List of companies of Burundi
*
List of banks in Burundi
This is a list of commercial banks in Burundi.
Banque Commerciale du Burundi(Burundi Commercial Bank) (BANCOBU)
Banque de Gestion et de Financement(Bank of Management and Financing) (BGF)
Banque Burundaise pour le Commerce et l'InvestissementBur ...
*
Bank of the Republic of Burundi
*
Economy of Burundi
References
External links
*
{{coord, 03, 23, 08, S, 29, 22, 06, E, display=title
Banks of Burundi
Banks established in 2012
2012 establishments in Burundi
CRDB Bank Group