CRDB Bank Burundi

CRDB Bank Burundi, also CRDB Bank Burundi S.A., is a commercial bank in Burundi. 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, Burundi's commercial capital.

Overview
As of September 2022, the total assets of CRDB Bank Burundi were valued at BIF 685 billion (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 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 of the five-person board of directors is Hosea Ezekiel Kashimba, one of the non-executive directors.