Swiss-Tanzanian investor Patrick Schegg set for $1.8 million CRDB Bank dividend

Swiss-Tanzanian investor Patrick Schegg is set to earn $1.8 million from CRDB Bank after the lender raised its final dividend by 38% following a sharp rise in profit and customer growth.

The payout reflects the bank’s strongest performance in years, driven by expanding digital banking services, higher interest income, and a significant increase in deposits across its East African operations.

CRDB Bank raises dividend
CRDB Bank, based in Dar es Salaam, announced a dividend of Tsh235.1 billion ($90.62 million) for the full year ended Dec. 30, 2025, a 38.46% increase from the prior year’s Tsh169.8 billion ($65.63 million). The board highlights that the payout reflects the group’s strong 2025 performance while maintaining a prudent balance between rewarding shareholders and retaining capital to support future growth, resilience, and strategic flexibility.

The Tsh235.1 billion ($90.62 million) payout will come from the bank’s retained earnings, which rose by 30.88% to Tsh2.45 trillion ($946.86 million), with shareholders set to receive Tsh90 ($0.03) per share on June 1, 2026.

Schegg holds 1.9% stake in CRDB Bank, equivalent to 50.75 million shares, via “Banque Pictet & Cie SA A/C Patrick Schegg,” a structure that reflects beneficial ownership and places him among the bank’s notable foreign-linked shareholders, despite maintaining a low public profile. His holding will earn him Tsh4.57 billion ($1.75 million).

CRDB bank profit jumps 32.11% to $280.76 million

CRDB Bank saw its profit rise 32.11% to Tsh728.6 billion ($280.76 million) for the period ended December 30, 2025, from Tsh551.1 billion ($213.6 million) a year earlier. This double-digit growth is underpinned by sustained growth in both funded and non‑funded income streams.

Additionally, net interest income rose 25.89% to Tsh1.39 trillion ($536.76 million), while total non-interest income increased by 22.9% from Tsh583.5 billion ($224.96 million) to Tsh717 billion ($276.43 million), supported by growth in the bank’s payments and digital businesses.

Earnings growth was broad-based, supported by higher core interest income, Islamic financing and investment products, and improved non-interest income, while operating efficiency strengthened, with the cost-to-income ratio improving to 41.6% from 45.7% in 2024.

Customer deposits climbed 36.55% to Tsh14.93 trillion ($5.78 billion), reflecting strong customer engagement and stable funding. The bank’s balance sheet expanded materially, with total assets rising 33.6% to Tsh22.31 trillion ($8.6 billion) while shareholders’ fund rose 26.41% to Tsh2.75 trillion ($1.06 billion).