By Abduel Elizana | Dailynews TZ Published: May 24, 2021 7:08 PM CRDB Bank shareholders have approved a 30per cent dividend increase after a superb profit despite coronavirus pandemic challenges last year.
The dividend has increased from 17/- in 2019 to 22/- last year, after one of the leading lenders, posting a 37.5 per cent in net profit raise.
The shareholders who met in Arusha last Saturday approved the 57.46bn/- compared to 44.4bn/- issued in 2019 for the dividend.
CRDB Chairman Ally Laay said with significant profit growth last year, the board recommended the 22/- per share as dividend but subjected to shareholders approval. “Shareholders have trusted us by investing in our shares with the expectation that they will get competitive returns,” Dr Laay told the AGM.