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1. Investors Information
Financial Performance (Annual Results) as at 31st December, 2012
Total assets of the Bank increased by 13.3 % from TZS 2,713 billions in year 2011 to TZS 3,074 billions as at 31st December, 2012. Deposits increased by 7.6% from TZS 2,408 billions in year 2011 to TZS 2,591 billions as at 31st December, 2012. Loans and advances increased by 26.4% from TZS 1,429 billions in year 2011 to TZS 1,806 billions as at 31st December, 2012. Shareholders funds increased by 24.6% from TZS 254 billions in year 2011 to TZS 317 billions as at 31st December, 2012. The Bank recorded a profit after tax of TZS 80.5 billions for year 2012 compared to TZS 37.7 billions for year 2011.
* The decline of profit in 2011 financials was a result of malfunctioning of the foreign exchange trading computer system. The anomaly was realised only after year-end processes and rectified. (See 2011 Annual Report page 9)Annual report 2011
Key Financial Highlights as at 31st December, 2012
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Amount in Millions Shilling
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31/12/2012
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31/12/2011
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Change in (%)
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Total Assets
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3,074,840
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2,713,641
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13.3
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Total Deposits
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2,591,033
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2,408,676
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7.6
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Loans, Advances and Overdraft
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1,806,865
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1,429,262
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26.4
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Shareholder’s Fund
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317,432
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254,764
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24.6
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Net Income (Loss) after Tax
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80,543
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37,710
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113.5
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Selected Financial Indicators
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Selected Financial Indicators
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31/12/2012
(%)
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30/12/2011
(%)
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Shareholders funds to total assets
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10
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9
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Non performing loans to total gross loans
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7
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9
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Gross loans and advances to total deposits
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67
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62
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Loans and advances to total assets
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59
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53
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Earnings assets to total assets
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80
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79
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Deposits growth
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8
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18
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Assets growth
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13
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18
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Share Price Information
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Share Performance
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31st December, 2012
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31st December, 2011
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Number of Shares in Issue
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2,176,532,160
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2,176,532,160
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Market price
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163
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150
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Book value
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146
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142.7
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Price- to- book value ratio (P/B ratio)
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1.12
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1.05
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Earning per share (EPS)
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37.0
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17.3
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Price- to-Earnings Ratio (P/E)
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4.4
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8.7
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Volume of shares traded (4th quarter)
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12,614,069
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7,405,125
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Foreign holding
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12.58%
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12.13%
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Market Capitalization (TZS in Billions)
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353.69
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326.18
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CRDB Bank Plc endeavours to provide investors with transparent, timely and comprehensive disclosure whenever such information is available. This is undertaken through a proactive process whereby information is continually and broadly disseminated to the general public on quarterly and annual basis. Below is the CRDB Bank Plc shareholding structure showing shareholders owning above 10%, between 10% and 1% and below 1% of the Bank’s share capital as at 31st January, 2013.
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NAME
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SHARES HELD
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%
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SHARES HELD
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%
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31/01/2013
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30/09/2012
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ABOVE 10%
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DANIDA Investment Fund
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467,781,934
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21.5
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467,781,934
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21.5
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Parastatal Pension Fund
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217,401,749
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10
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217,401,749
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10
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Sub Total
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685,183,683
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31.5
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685,183,680
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31.5
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BETWEEN 1% AND 10%
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SCB (T) Nominee Ltd SCB (M) Re Pictet and CIE A/C
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133,113,784
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6.1
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106,908,684
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5
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Public Service Pension Fund
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71,531,350
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3.3
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71,531,350
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3.3
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SCB (T) Nominee Ltd SCB (Mauritius) GHANA
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67,909,524
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3.1
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66,237,824
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3
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The Local Authorities Pension Fund
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44,372,958
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2
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44,372,958
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2
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SCB (T) Nominee Ltd SCB(M) Re Altree Custody Serv.
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53,247,034
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2.4
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37,150,000
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1.7
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Western Zone Tobacco Growers Cooperative Union Ltd
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36,000,000
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1.7
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36,000,000
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1.7
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CMG Investment Ltd
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34,588,554
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1.6
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34,588,554
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1.6
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Hans Macha
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28,082,800
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1.3
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28,082,800
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1.3
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Lindi Development Fund
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21,660,000
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1
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21,660,000
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1
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Sub Total
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490,506,004
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22.5
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446,532,170
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20.6
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SHAREHOLDERS OWNING SHARES BELOW 1%
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1,000,824,473
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46
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1,044,816,310
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47.9
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Grand Total
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2,176,532,160
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100
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2,176,532,160
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100
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CHANGE OF EXTERNAL AUDITORS
The Banking and Financial Institutions (Independent Auditors) Regulations 2008, stipulates the maximum tenor of four years for which an Independent Audit firm can consecutively audit any bank or financial institution. The Shareholders in compliance with this regulation appointed M/s PriceWaterhouseCoopers to replace M/s Deloite and Touche.
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