Скачать или смотреть CRDB BANK PLC FIRST HALF 2024 RESULTS CONFERENCE CALL

iTrust Finance Ltd had a pleasure to host CRDB Bank First Half 2024 Results Conference Call on 06th August 2024.

Presented by: Mr. Abdulmajid Nsekela (Group CEO and Managing Director) , Mr. Fredrick Nshekanabo (Chief Finance Officer), Joseph Maji (Head of Asset and Liability Management) and Ms. Anna Mwasha (Senior Manager - Investor Relations).

Highlighting on:

2nd Quarter 2024 Vs 2023 (QoQ)
•     Fees and Commission Income up by 29.6% from TZS 81.2 Bn to TZS 105.4 Bn in Q2 2024.
•     Interest Expenses up by 10.7% from TZS 87.4 Bn to TZS 96.7 Bn.
•     Non-Interest Expense up by 14.6% from TZS 157.9 Bn to TZS 181.4 Bn.
•     NPL Ratio of 3.2%, an increase from 2.7% in June 2023.

6 Month Cumulative Results Year on Year (YoY)
•     Total Assets increased by 19.3% to TZS 14.9 trillion
•     Total Customer Deposits increased by 15.1% to TZS 10.1 trillion
•     Total Loans increased by 23.8% to TZS 9.5 trillion
•     Interest Income up by 29.1% to TZS 719 billion
•     Fees and Commissions up by 24.4% to TZS 204 billion
•     Profit After Tax up by 52.8% to TZS 274.9 billion from TZS 179.9 billion

Other Performance Metrics
•     Return on Assets at 5.5% from 4.6%.
•     Cost-to-income ratio stands at 45.4%, a decline from 50.3% in June 2023

Special appreciation to CRDB Bank Plc for the opportunity.