CRDB Bank has cemented its position as a powerhouse in Tanzania’s banking sector, after receiving the prestigious titles of ‘Best Bank in Tanzania’ and ‘Safest Bank in Tanzania’, awarded by Global Finance Magazine at the magazine’s 31st Annual Best Bank Awards.

These awards, presented during the IMF and World Bank Annual Meetings in Washington, D.C., mark the fifth consecutive year for CRDB Bank as Tanzania’s Best Bank and the second year running as the Safest Bank – a remarkable achievement underscoring the Bank’s resilience, safety, and innovation in the financial services industry.

The awards honor CRDB Bank’s sustainable growth model, which brings tangible benefits to customers, investors, and Tanzania’s economy at large. 

This recognition is also a testament to the visionary leadership of CRDB Bank Group CEO, Abdulmajid Nsekela, highlighting the Bank’s impactful role within both the Tanzanian and regional financial landscapes.

"We are honored to be recognized as Tanzania's Best Bank by Global Finance once again,” said Nsekela. 

“This award signifies that we are indeed on the right path – delivering a distinguished experience to our customers and value to our shareholders, while making impactful contributions to Tanzania’s financial sector.”

The Bank has seen an unprecedented year of overall performance, attributed in large part to enhancements in its digital infrastructure, which have bolstered efficiency and innovation in service delivery. 

Nsekela emphasized that the Bank’s notable growth stems from purposeful strategies across all areas, solidifying CRDB Bank as the preferred financial institution in Tanzania.

“These awards are not only a reflection of our commitment to excellence but also a tribute to our customers, partners, and the entire CRDB Bank team who share a vision for a prosperous Tanzania,” he added. “It is a privilege to be named both Safest Bank and Best Bank in Tanzania, as we advance our mission to empower Tanzanians and extend our influence on the international stage.”

With over 14trn/- in assets, CRDB Bank stands as Tanzania’s largest bank, recognized for consistent success across critical business metrics. 

Joseph Giarraputo, Founder and Editorial Director of Global Finance, highlighted the bank’s dedication to financial inclusion and commitment to exceptional service, stating, "Over the past year, CRDB Bank has made impressive strides in delivering world-class services and fostering trust among its customers across the nation."

During the World Economic Summit in Washington, D.C., Nsekela also took part in a high-profile panel on digital payment transformation, where he emphasized CRDB Bank’s dedication to advancing digital solutions that enhance financial accessibility.

 Additionally, Nsekela engaged in strategic meetings with prominent financial organizations including the World Bank, Exim Bank USA, MUFG, Yaatra Ventures, and TIAA, aiming to unlock new capital streams and position Tanzania as an emerging force in the global economy.