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Tuesday, February 16, 2021

Board Member (2Posts) at CRDB Bank Plc




CRDB Bank Plc is a leading commercial bank in Tanzania. Established in 1996, the Bank has grown and prospered over the years to become the most innovative and trusted Bank in the country. The Bank attained an important milestone when it was listed on the Dar es Salaam Stock Exchange on 17th of June, 2009. CRDB Bank Plc owns three subsidiary companies - CRDB Microfinance Services Company limited, CRDB Bank Burundi S A. and CRDB Insurance Broker Limited,


The Board of Directors invites applications from suitably qualified candidates to fill two positions of Board Members, one to represent the group of shareholders owning shares below 1% of the share capital of the Bank and one Board Member Io represent shareholders awning shares above 1% and below 10% of the share capital of the Bank.


The names of qualified candidates will be submitted to the Annual General Meeting for election.




1. A professional banker, insurance professional or accomplished entrepreneur.


2. Management experience and knowledge in either economics, finance, accounting, rural development, agriculture or co-operatives.


3. Applicants are required to observe the requirements of Article 77 and Article 91 of the CRDB Bank Memorandum and Articles of Association and Section 70 of the Banking and Financial Institutions Act which, amongst other things, provide for the qualifications that are required for applicants to possess.


4.The applicant should not be a politician, bankrupt. under 21 years of age or more than 70 years of age.




a. Article 77 of the Bank's MEMARTS states that “Each of the Directors appointed or elected shall be a person with knowledge and experience of either economics or financial matters or of accounting or legal expertise or rural development, agriculture or small scale industries or any other equivalent qualifications.

Directors appointed and elected shall be confirmed by the general meeting but such that their appointment shall not be effective until approved by the Bank of Tanzania”


b. Article 91 of the Bank's MEMARTS states that the Directors shall more specifically:

91.1 “Determine the Bank's vision, mission and values aimed at providing continuity and legal existence of the Bank.

91.2 Continuously monitor and evaluate the Bank's strategy to achieve the vision and mission and ensure the Bank survives and thrives.


91.3 Govern the Bank by broad policies and objectives. formulated and agreed with Managing Director. Such policies and objectives shall aim at ensuring that.


   91.3.1 procedures and practices are in place to protect the Bank's Assets and reputation,


   91.3.2 The Bank complies with all relevant Jaws, regulations and codes of best practices,


   91.3.3 The technology and systems used in the Bank are adequate to properly run the Bank for it to compete through efficient use of its assets, processes and human resources:


91.4 monitor risk identification and its management so as to enhance shareholder value in the long run,


91.5 Select and appoint the Managing Director to whom the responsibility of managing the Bank shall be delegated. The Directors shall review and evaluate the Managing Director's performance regularly”.


c. Section 70 of the Banking and Financial Institutions Act states that “No member of the management of the Bank who exercises decision making authority with respect to the exercise of any supervisory authority regarding the Bank or financial institutions may hold any office, position or employment in any bank or financial institution while serving as member of management and during the two-year period from the date when such a member ceases to be a member of management”,


Mode of Application


1 Any CRDB Bank shareholder who wishes to be elected as Board member must submit an application letter, curriculum vitae. certified copies of relevant academic and professional certificates and awards, two passport size photographs. certified copies of the last page of their passports. and letters of recommendation from 3 references and declaration of indebtedness to banks.


2. Notification of receipt of application and other details will be sent to all applicants upon receipt of the applications. Applications must be received by 4.00 p.m. on Thursday. 4th March, 2021


The contact for communication is


The Secretary

CRDB Bank Plc

Office Accommodation Scheme- Azikiwe Street, 4th Floor

P.O. Box 268


Tel. no. 022 - 2114237, 2117442 - 7 - Fax or 022 - 2131005

E-mail - [email protected] or [email protected]



J.B. Rugambo.