Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  DAR ES SALAAM STOCK EXCHANGE  >  CRDB Bank PLC    CRDB   TZ1996100305

CRDB BANK PLC (CRDB)
Mes dernières consult.
Most popular
  Report  
SummaryNewsCalendarCompanyFinancialsConsensus 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

CRDB Bank : Ubungo youth to access Sh2bn in loans

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2018 | 01:50pm CEST

Dar es Salaam. In efforts to uplift the welfare of women, youth and people with disabilities, the Ubungo Municipal Council will issue them with a total of Sh1.9 billion in the coming financial year.

This was revealed by Mayor Boniface Jacob yesterday.

According to him, the money will be issued as loans via CRDB Bank.

The money has been collected as part of what was meant to be garnered by the Municipal Council during the 2017/18 financial year.

It is 10 per cent of what the Ubungo Municipal Council planned to collect throughout the entire 2017/18 financial year.

This came after CRDB Bank won the deal by becoming the financial entity that came up with most efficient plan of granting the loans that will benefit the people of Ubungo.

Speaking at the agreement signing event, CRDB bank director of alternative banking channels, Mr Philip Alfred said the loans will be granted with low interest rate of 8 per cent that will be affordable to help the group develop their business and move forward in life.

“The loans will be provided at an affordable interest rate as well as favourable terms and conditions that will easily be met by an applicant,” said Mr Philip.

Ubungo Mayor, who was present at the signing event, said this is a great opportunity for the beneficiaries as it will not only boost their incomes but will also positively impact on the country’s economy.

He said “I hope that those who will benefit from this fund will use it wisely since it is a revolving fund to benefit others in the future,” insisting on time return for those who will be qualified. Furthermore he added that more than 11,000 women, 1,240 youth and 970 people with disabilities have applied for the loans and that there is still a need for youth to be enlightened since the number is less than expected.

“Up until now there are 2.0 billion qualified applicants but still there is a need for the youth to be motivated to participate since they have a great chance of bringing positive change in the community”.

(c) Mwananchi Communications 2018. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CRDB BANK PLC
04/19CRDB BANK : Ubungo youth to access Sh2bn in loans
AQ
04/19CRDB BANK : 24 winners of CRDB drive to watch Fifa WC in Russia
AQ
04/09CRDB BANK : Lender builds classrooms for city school
AQ
03/24CRDB BANK : Bank makes commitment to improve staff welfare
AQ
03/19CRDB BANK : seeks Kimei successor
AQ
03/10CRDB BANK : Magufuli reads riot act to failing lenders
AQ
03/09CRDB BANK : Magufuli assures Kimei post in govt after retirement
AQ
03/08CRDB BANK : Moody’s affirms ratings of Tanzanian banks; changes outlook to..
AQ
02/28CRDB BANK : Tembocard Opens New Credit Method Frontiers
AQ
02/26CRDB BANK : Provision of Project Management Services
AQ
More news
Financials ( TZS)
Sales 2018 659 B
EBIT 2018 248 B
Net income 2018 105 B
Debt 2018 -
Yield 2018 8,24%
P/E ratio 2018 3,82
P/E ratio 2019 3,21
Capi. / Sales 2018 0,67x
Capi. / Sales 2019 0,61x
Capitalization 444 B
Chart CRDB BANK PLC
Duration : Period :
CRDB Bank PLC Technical Analysis Chart | CRDB | TZ1996100305 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 259  TZS
Spread / Average Target 52%
Managers
NameTitle
Charles Steven Kimei Managing Director
Ally Hussein Laay Chairman
Saugata Bandyopadhyay Deputy MD-Operations & Customer Services
Frederick Bayona Nshekanabo Finance Director
Elyas Bartholomew Mtenga Director-Information & Communication Technology
Sector and Competitors
1st jan.Capitalization (M$)
CRDB BANK PLC195
JP MORGAN CHASE & COMPANY4.24%380 160
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-4.52%328 236
BANK OF AMERICA2.51%309 974
CHINA CONSTRUCTION BANK CORPORATION-3.52%272 699
WELLS FARGO-13.37%256 287