Annual General Meeting 2021

Our shareholders will find out how much they will pocket in dividends for this year over the weekend when the company holds its 26th Annual General Meeting (AGM). Last year, CRDB Bank Plc managed to break its 2015 record when its net profit jumped to Sh 153 billion from Sh123 billion in 2019. Prior to last year, the record net profit had been Sh129 billion in 2015 In absolute terms, last year’s profit before tax - which stood at Sh236 billion – was a 15 percent rise from profit before tax of Sh175 billion that was registered in 2019. The Bank’s Managing Director Abdulmajid Nsekela told journalists at the Mount Meru Hotel here yesterday that those shareholders who will not be able to attend the meeting in person in Arusha will be able to do so via a digital platform. “Our 25th AGM last year was conducted virtually and it was from that meeting that shareholders recommended that the 26th one be conducted through the normal model but at the same time allow other shareholders to attend virtually,” he said. The AGM was preceded by a seminar whereby shareholders will be schooled on a number of issues pertaining to finance and investing in the capital markets. Finance and Planning minister Mwigulu Nchemba graced the event where experts in finance, law, and investment in capital markets will take CRDB Bank Plc shareholders through a number of presentations. Last year, over 1,400 shareholders took part in the bank’s virtual AGM in line with the national Covid-19 preventive measures.