Business journalist
Summary
·
CRDB Bank,
which was recently named the Best SME Bank in Tanzania by the London-based
Global Finance magazine, said the award was testimony to its continuing support
for SMEs across Tanzania
Dar es Salaam. CRDB Bank’s unwavering support to the growth of small and medium-sized enterprises (SME) has caught the ...
eye of international institutions, with the latest being an international financial publication known as the Global Finance.Global Finance, which is based in
London, recently named CRDB Bank the Best Bank for SMEs in Tanzania.
Global Finance, which named only
five lenders in Africa as the best SME banks, seeks to help corporate leaders,
bankers, and investors to chart the course of global business and finance.
CRDB Bank director of retail banking
Bonaventure Paul said recently that the award was a great honour and testimony
to their everlasting support for SMEs across Tanzania.
“Our performance in the SME sector
results from strong strategic partnerships that we have been able to develop
and thus strengthen our funding capabilities,” he said.
Recently, CRDB Bank received 150
million euro loan from the European Investment Bank, which will enhance access
to finance by micro, small and medium-sized enterprises across Tanzania.
The EIB backed credit line will
support business growth, contribute to gender equality and empowerment of
women, and enable blue economy companies to invest in a better future.
CRDB Bank was recognised as the best
bank for SMEs in Tanzania based on independent research, with input from
industry insiders, executives, and technology experts.
They used criteria such as knowledge
of SME markets and needs, breadth of products and services, market standing and
innovation, according to a press release availed to the media yesterday.
This recognition further highlights
CRBD Bank’s commitment to enabling the success of its customers by ensuring
that every Small and Medium Enterprise business owner gets the support needed
to meet their everyday banking needs.
The 2023 Best SME Bank award is based
on the performance from April 1, 2021, to March 31, 2022.
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