Tanzania’s largest banking group closed a $300 million syndicated term facility oversubscribed by international lenders. The deal adds a three-year tranche, extends maturities and will support liquidity, corporate financing and lending across East and Central Africa.
The facility adds a three-year tranche alongside existing one- and two-year tenors, extending the bank’s maturity profile and diversifying its funding base.
Proceeds will support general corporate funding, liquidity management and expanded lending for clients operating along trade and investment corridors in East and Central Africa.
The funding will support liquidity management, corporate financing and expanded lending across Tanzania and the bank's regional operations. The transaction represents the bank's largest refinancing under its syndicated loan programme since its launch in 2022, with total commitments reaching nearly five times the original USD 150 million target for the 2026 facility. Abdulmajid Nsekela described the transaction as another milestone in the bank's growth and regional expansion.
Leanne Large, Head of Investec Distribution and Loan Syndication, said investor participation had increased consistently since the first transaction, with larger ticket sizes, long-standing lenders seeking higher allocations and greater demand for longer tenors. CRDB Bank Plc (DSE: CRDB) profit rose 20% to TZS 416.9 billion and NMB Bank Plc (DSE: NMB) reached TZS 405.8 billion, while eleven banks with assets above TZS 2 trillion held 84.4% of sector assets, with average ROE at 12.5% and NPL at 4.7%. "The successful completion of this facility reinforces our standing in international funding markets and provides additional flexibility to support our clients and the economies in which we operate," Nsekela said.
The proceeds will support CRDB Bank's general corporate funding requirements, liquidity management and expansion of lending activities in Tanzania and its regional markets, including financing for clients operating along trade and investment corridors across East and Central Africa. "We are grateful to Investec, Intesa Sanpaolo and our lending partners for their continued confidence and support as we expand our regional footprint and deepen our contribution to economic development across East and Central Africa," he added. Gustaaf Eerenstein, Syndication Director at Intesa Sanpaolo, said the transaction reflected growing international lender interest in Africa's banking sector and the role of well-capitalised financial institutions in supporting trade, investment and economic development.
CRDB Bank has secured a $300 million syndicated term loan after international lenders committed about $744 million, nearly five times the original $150 million target.
Tanzania's NMB Bank ranked 9th and CRDB Bank 41st among banks holding USD 3 billion to USD 10 billion in assets in the inaugural Forbes Top Performing Banks 2026 ranking. The two institutions, which hold 49.1% of Tanzanian banking assets and generate 59.6% of sector profit, outranked Kenya's Co-operative Bank at 120th
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