CRDB Bank Plc (DAR: CRDB)

CRDB Bank Income Statement

Financials in millions TZS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,487,461	1,227,052	965,471	789,666	699,294	646,087
Interest Income on Investments	497	379	1,814	779	-	-
Total Interest Income	1,487,958	1,227,431	967,285	790,445	699,294	646,087
Interest Paid on Deposits	411,196	346,426	219,472	142,239	116,305	114,386
Interest Paid on Borrowings	3,707	3,707	1,980	2,331	2,509	2,615
Total Interest Expense	414,903	350,133	221,452	144,570	118,814	117,001
Net Interest Income	1,073,055	877,298	745,833	645,875	580,480	529,086
Net Interest Income Growth (YoY)	30.27%	17.63%	15.48%	11.27%	9.71%	12.92%
Gain (Loss) on Sale of Assets	-11,773	-11,773	-1,712	-78	-581	388
Gain (Loss) on Sale of Investments	7,387	7,387	46,286	32,862	19,581	-3,494
Other Non-Interest Income	484,085	410,668	322,539	245,311	209,220	196,968
Total Non-Interest Income	479,699	406,282	367,113	278,095	228,220	193,862
Non-Interest Income Growth (YoY)	20.20%	10.67%	32.01%	21.85%	17.72%	11.34%
Revenues Before Loan Losses	1,552,754	1,283,580	1,112,946	923,970	808,700	722,948
Provision for Loan Losses	59,765	39,658	60,435	23,255	73,065	91,503
Revenue	1,492,989	1,243,922	1,052,511	900,715	735,635	631,445
Revenue Growth (YoY)	28.44%	18.19%	16.85%	22.44%	16.50%	19.59%
Salaries and Employee Benefits	366,085	338,243	304,870	293,788	293,054	260,517
Occupancy Expenses	84,444	84,444	70,640	66,222	58,400	58,745
Selling, General & Administrative	26,235	26,235	20,673	148,066	129,368	12,637
Other Non-Interest Expense	245,062	196,349	158,619	5,273	18,643	124,861
Total Non-Interest Expense	721,826	645,271	554,802	513,349	499,465	456,760
EBT Excluding Unusual Items	771,163	598,651	497,709	387,366	236,170	174,685
Pretax Income	771,163	598,651	497,709	387,366	236,170	174,685
Income Tax Expense	219,922	175,859	146,302	119,205	70,984	54,540
Earnings From Continuing Operations	551,241	422,792	351,407	268,161	165,186	120,145
Minority Interest in Earnings	1,898	1,898	-	-	-	-
Net Income	553,139	424,690	351,407	268,161	165,186	120,145
Net Income to Common	553,139	424,690	351,407	268,161	165,186	120,145
Net Income Growth	47.40%	20.85%	31.04%	62.34%	37.49%	87.34%
Basic Shares Outstanding	2,612	2,612	2,612	2,612	2,612	2,612
Diluted Shares Outstanding	2,612	2,612	2,612	2,612	2,612	2,612
Shares Change (YoY)	0.04%	-	-	-	-	-
EPS (Basic)	211.78	162.59	134.54	102.67	63.24	46.00
EPS (Diluted)	211.78	162.59	134.54	102.67	63.24	46.00
EPS Growth	47.34%	20.85%	31.04%	62.34%	37.49%	87.34%
Dividend Per Share	-	50.000	45.000	36.000	22.000	17.000
Dividend Growth	-	11.11%	25.00%	63.64%	29.41%	112.50%
Effective Tax Rate	28.52%	29.38%	29.39%	30.77%	30.06%	31.22%

Source: S&P Capital IQ. Banks template. Financial Sources.