CRDB Bank Plc (DAR:CRDB)

CRDB Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,519,061	1,227,052	965,471	789,666	699,294
Interest Income on Investments	156	379	1,814	779	-
Total Interest Income	1,519,217	1,227,431	967,285	790,445	699,294
Interest Paid on Deposits	416,561	346,426	219,472	142,239	116,305
Interest Paid on Borrowings	-	3,707	1,980	2,331	2,509
Total Interest Expense	416,561	350,133	221,452	144,570	118,814
Net Interest Income	1,102,656	877,298	745,833	645,875	580,480
Net Interest Income Growth (YoY)	25.69%	17.63%	15.48%	11.27%	9.71%
Gain (Loss) on Sale of Assets	-	-11,773	-1,712	-78	-581
Gain (Loss) on Sale of Investments	-	7,387	46,286	32,862	19,581
Other Non-Interest Income	510,909	410,668	322,539	245,311	209,220
Total Non-Interest Income	510,909	406,282	367,113	278,095	228,220
Non-Interest Income Growth (YoY)	25.75%	10.67%	32.01%	21.85%	17.72%
Revenues Before Loan Losses	1,613,565	1,283,580	1,112,946	923,970	808,700
Provision for Loan Losses	93,002	39,658	60,435	23,255	73,065
Revenue	1,520,563	1,243,922	1,052,511	900,715	735,635
Revenue Growth (YoY)	22.24%	18.19%	16.85%	22.44%	16.50%
Salaries and Employee Benefits	371,472	338,243	304,870	293,788	293,054
Occupancy Expenses	-	84,444	70,640	66,222	58,400
Selling, General & Administrative	-	26,235	20,673	148,066	129,368
Other Non-Interest Expense	365,252	196,349	158,619	5,273	18,643
Total Non-Interest Expense	736,724	645,271	554,802	513,349	499,465
EBT Excluding Unusual Items	783,839	598,651	497,709	387,366	236,170
Pretax Income	783,839	598,651	497,709	387,366	236,170
Income Tax Expense	233,029	175,859	146,302	119,205	70,984
Earnings From Continuing Operations	550,810	422,792	351,407	268,161	165,186
Minority Interest in Earnings	-	1,898	-	-	-
Net Income	550,810	424,690	351,407	268,161	165,186
Net Income to Common	550,810	424,690	351,407	268,161	165,186
Net Income Growth	29.70%	20.85%	31.04%	62.34%	37.49%
Basic Shares Outstanding	2,610	2,612	2,612	2,612	2,612
Diluted Shares Outstanding	2,610	2,612	2,612	2,612	2,612
Shares Change (YoY)	-0.06%	-	-	-	-
EPS (Basic)	211.00	162.59	134.54	102.67	63.24
EPS (Diluted)	211.00	162.59	134.54	102.67	63.24
EPS Growth	29.77%	20.85%	31.04%	62.34%	37.49%
Dividend Per Share	-	50.000	45.000	36.000	22.000
Dividend Growth	-	11.11%	25.00%	63.64%	29.41%
Effective Tax Rate	29.73%	29.38%	29.39%	30.77%	30.06%

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