CRDB Bank get License to operate in DR Congo

The Central Bank of the Democratic Republic of Congo officially granted CRDB Bank a license during a meeting with the bank's management led by Chief Finance Officer, Mr. Fredrick Nshekanabo. Upon granting the license, the First Vice Governor of the Central Bank of Congo (BCC), Mr. Dieudonné Fikiri Alimasi, congratulated CRDB Bank Plc and declared that it will significantly enhance competition in the delivery of financial services in the DRC.

According to the statement, Mr. Alimasi also stated that the BCC has also approved the appointment of Ms. Jessica Nyachiro as Managing Director of the CRDB Bank’s DRC subsidiary.

Ms. Nyachiro affirmed that CRDB Bank will adhere to the demands and necessities of the DRC market just as it does with Tanzania and Burundi. She stated that CRDB Bank will establish a branch in Lubumbashi and progressively extend its reach to significant metropolises such as Kinshasa, Lualaba, Kasai, Tanganyika, and Likasi within the initial three years of its operations in the country.

Our bank is investing heavily in digital systems and a network of branches, and we also expect to use alternative delivery channels such as Agency banking, Mobile Banking (Simbanking), and Internet banking to connect many Congolese people to our services," said Ms. Nyachiro.