Investors Information

 

Information for Investors

CRDB Bank Plc endeavours to provide transparent, timely and comprehensive disclosure to investors. This is undertaken through a proactive process whereby information is continually and broadly disseminated to the public and financial information is provided on quarterly and annual basis.

Set out below are financial performance summary, selected financial indicators, share price information as at 31st December, 2013 and the shareholding structure as at 31st December, 2013.

Financial Performance summary as at 31st December, 2013

Item

31/12/2013

TZS millions

31/12/2012

TZS millions

Change in

(%)

Total Assets

3,545,438

3,074,840

15.3

Total Deposits

2,966,647

2,557,903

16.0

Loans, Advances and Overdrafts

1,993,106

1,806,865

10.3

Shareholders’ Funds

376,621

310,754

20.9

Net Income (Loss) Before Tax

121,980

107,702

13.3

Net Income (Loss) After Tax

85,087

80,543

5.6

 

Selected Financial Indicators

Ratio

31/12/2013

(%)

31/12/2012

(%)

Shareholders funds to total assets

11

10

Non performing loans to total gross loans

6

8

Gross loans and advances to total deposits

69

70

Loans and advances to total assets

56

56

Earnings assets to total assets

79

81

 

Share Price Information

Item

31/12/2013

31/12/2012

Number of Shares in Issue

2,176,532,160

2,176,532,160

Market price

280.0

150.0

Book value

173.0

145.8

Price- to- book value ratio (P/B ratio)

1.6

1.0

Earning per share (EPS)

39.1

37.0

Price- to-Earnings Ratio (P/E)

7.2

4.1

Volume of shares traded

(4th Quarter 2013)

25,002,260

7,405,125

Foreign holding (%)

15.9

12.1

Market Capitalization (TZS Billions)

609.4

326.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholding Structure as at 31st December, 2013

Set out below is the shareholding structure of the Bank showing shareholders owning above 10%, above 1% and less than 10%, and less than 1% of the Bank’s share capital as at 31st December, 2013.

NAME

31/12/2013

31/09/2013

SHARES

%

SHARES

%

Above 10%

 

 

 

 

DANIDA Investment Fund

467,781,934

21.5

467,781,934

21.5

PPF Pension Fund

217,401,749

10

217,401,746

10

Sub Total

685,183,680

31.5

685,183,680

31.5

Above 1% and less than 10%

 

 

 

 

SCB (T) Nominee Ltd Standard Chartered Bank (Mauritius) Re Pictet and CIE A/C Blakeney General Partners III Ltd-TZ

54,405,578

2.5

54,405,578

2.5

SCB (T) Nominees SCB Consumer Banking Re Mr. Aunali F. Rajabali and Sajjad F Rajabali

49,031,060

2.3

21,904,880

1.0

LAPF Pension Fund

48,397,958

2.2

44,372,958

2.0

SCB (T) Nominee Ltd Standard Chartered Bank (Mauritius) Re Altree Custody Services Ltd - 008 - Tanzania

47,499,699

2.2

42,987,499

2.0

SCB (T) Nominee SCB Mauritius Re: Standard Chartered Kenya Nominees A/C Pinebridge

38,572,400

1.8

38,572,400

1.8

Western Zone Tobacco Growers Cooperative Union Ltd

36,000,000

1.7

36,000,000

1.7

SCB (T) Nominee Ltd Standard Chartered Bank (Mauritius) Re Pictet and CIE A/C General Partners IV Ltd-TZ

35,282,392

1.6

35,282,392

1.6

PSPF Pension Fund

31,531,350

1.4

31,531,350

1.4

CMG Investment Ltd

29,588,949

1.4

29,588,949

1.4

SCB (T) Nominee Ltd Standard Chartered Bank (Mauritius) Re SCB Ghana A/C Epack Investment Funds Limited

24,790,240

1.1

24,790,240

1.1

Hans Macha

23,082,800

1.1

23,082,800

1.1

Lindi Development Fund

21,660,000

1.0

21,660,000

1.0

SCB (T) Nominee Ltd Standard Chartered Bank (Mauritius) Re Pictet And CIE A/C Patrick Schegg

21,230,300

1.0

21,230,300

1.0

Sub Total

461,072,726

21.3

425,409,346

19.6

Less than 1%

 

 

More than 28,000 shareholders

1,030,275,751

47.2

1,065,939,134

48.9

Grand Total

2,176,532,160

100

2,176,532,160

100

 

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.

 

 

Background

CRDB Bank Plc is a leading, wholly-owned private commercial bank in Tanzania offering a comprehensive range of corporate, retail, Treasury, premier and microfinance services. The Bank was established in 1996 and has grown and prospered over the years to become the most innovative, first choice, and trusted bank in the country. CRDB Bank was listed on the Dar es Salaam Stock Exchange on 17th June, 2009

Network 118 Branches, 984 Point of Sales (POS) terminals, 450 Microfinance partner institutions, 845 Agents – Service and 37 Extended Counters – Post Office, for further information, please visit the CRDB Bank Website www.crdbbank.com

Q2 June, 2014 performance highlights

  • Deposits growth up by 26%

From TZS, 2.6 trillion in June, 2013 to TZS 3.3 trillion in June, 2014

  • Income before Tax down by 5% , but increased during Q1 by 5%

From TZS 62.2bn, in June, 2013 to TZS 58.86bn in June, 2014

  • Shareholders’ Funds up by 15%

From TZS 334.8bn, in June 2013 to TZS 386.2bn, in June 2014)

(Amount in Millions)

2014

2013

∆%

 

Income Statement for the period ended 30th June, 2014

 

June.2014

June.2013

∆%

 

Interest Income

169,840

147,195

15

 

Operating income

58,818

62,206

(5)

 

Net Profit (Loss)

40,607

43,029

(6)

 

Balance Sheet as  at  30th June, 2014

 

Total assets

4,029,666

3,145,492

28

 

Loans

2,223,267

1,779,321

25

 

Deposits

3,324,586

2,636,200

26

 

Total equity

386,211

334,813

15

 

Key Indicators

2014

2013

∆%

 

Shareholders’ funds to Total Assets

10%

11%

(1)%

 

NPLs to Total gross loans

8%

8%

0%

 

Gross loans to Total deposits

69%

70%

(1)%

 

Loans to total assets

55%

57%

(2)%

 

Earnings assets to Total assets

79%

81%

(1)%

 

Deposits growth

7%

(2)%

9%

 

Assets growth

9%

(1)%

10%

 

Other Information

2014

2013

No. of Staff

2,352

2,144

208

No. of Branches

118

94

24

No. of Agents

845

40

805