CRDB Bank Completes System Upgrade as It Prepares Expansion to Dubai

CRDB Bank has completed a 72-hour core banking system upgrade, restoring services across all platforms. The upgrade supports the bank’s international expansion strategy, including its planned entry into Dubai to connect East African clients with global financial markets.
Tanzania CRDB Bank System Upgrade

CRDB, Tanzania’s largest bank, has completed a 72-hour upgrade of its core banking system, restoring services across all platforms and strengthening its capacity as it prepares to expand to Dubai.

The bank said the upgrade was completed on schedule and will improve efficiency, security, and the overall customer experience in all markets where it operates, including Tanzania, Burundi, and the Democratic Republic of Congo.

CRDB Bank Group Chief Executive Officer Abdulmajid Nsekela said the new system provides the foundation for the bank’s international growth and its upcoming entry into Dubai.

Tanzania Investment Guide 2026 Free Edition

He explained that “CRDB Bank is an international institution, providing services in Burundi and the Democratic Republic of Congo, while finalizing arrangements to enter Dubai. You cannot provide services in all these countries without having a robust system that safeguards customer information and enables transactions with high efficiency. This is one of the reasons that led us to upgrade our core banking system.”

He noted that the new system supports multiple languages and currencies, allowing CRDB Bank customers to be served in their preferred language wherever the bank operates.

He added that the exercise was successfully completed thanks to the cooperation of customers and the guidance of the Bank of Tanzania (BOT).

CRDB Bank’s Chief Operating Officer, Bruce Mwile, said the changes some customers noticed in their balances were related to the data migration and the introduction of a system built to meet international standards.

The upgrade forms part of CRDB Bank’s ongoing digital transformation as the institution prepares to open operations in Dubai, announced earlier this year during its 30th anniversary celebrations.

TanzaniaInvest Capital Markets Report Banner

The expansion will make CRDB Bank the first East African financial institution to establish a presence in the United Arab Emirates, providing East African businesses and individuals with access to international banking and trade services.

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Related Posts
Tanzania Khamis Mussa Omar Parliament bunge
Read More

Tanzania Tables Bill to Let Banks Accept Movable Assets as Loan Collateral, Targets 50% Credit-to-GDP by 2030

Tanzania's Minister for Finance, Ambassador Khamis Mussa Omar, tabled a Bill in the National Assembly in Dodoma that would let banks accept movable assets as loan collateral, creating a legal framework for registering, managing and enforcing such security interests instead of relying predominantly on land and buildings. The Bill targets an increase in private sector credit-to-GDP from 22.5% in 2024 to 50% by 2030, banking service usage from 22% in 2023 to 50% by 2030, and the financial sector's contribution to economic activity from 17.1% in 2024 to 20% by 2030.
Tanzania banking sector performance H1 2026
Read More

Tanzania Banking Sector H1 2026 Performance: Profit Up 13% to TZS 1.38 Trillion, Assets Reach TZS 91.3 Trillion

Tanzania's banking sector recorded net profit after tax of TZS 1.38 trillion in H1 2026, up 13% from H1 2025, on total assets of TZS 91.3 trillion. CRDB Bank Plc (DSE: CRDB) profit rose 20% to TZS 416.9 billion and NMB Bank Plc (DSE: NMB) reached TZS 405.8 billion, while eleven banks with assets above TZS 2 trillion held 84.4% of sector assets, with average ROE at 12.5% and NPL at 4.7%.
Axian Acquisition Letshego Bank Tanzania
Read More

Yas Owner Axian To Acquire 100% Of Tanzanian Lender Letshego Faidika Bank

Axian, the group behind Yas mobile operator, is acquiring 100% of Letshego Faidika Bank Tanzania, a licensed Tier II commercial bank, with the transaction now under review by the country's Fair Competition Commission. The deal forms part of Letshego Africa Holdings' disposal of its Ghana, Tanzania, Nigeria, Rwanda and Uganda subsidiaries agreed on 27 April 2026, and would add a banking licence to a group that already operates the country's second-largest mobile money service.