CRDB Bank, a prominent financial institution in Tanzania, was honored with the prestigious International Diamond Prize for Excellence in Quality 2023 by the European Society for Quality Research (ESQR). The award ceremony took place in Brussels last Sunday and was attended by Jestas Nyamanga, the Tanzanian Ambassador to Belgium.
Abdulmajid Nsekela, CEO of CRDB Group, regarded the award as a significant milestone in the bank's pursuit of excellence. He expressed gratitude for the recognition, stating, "We are truly honored to receive this prestigious award. As we continue implementing our medium-term strategy, we are committed to upholding the highest standards of quality and innovation in all our operations, aiming to become leaders in all the markets we serve."
ESQR is globally renowned for promoting quality, innovation, and excellence across diverse sectors. The International Diamond Prize for Excellence in Quality reflects CRDB's relentless dedication to delivering outstanding services and contributing significantly to the economic growth and development of Tanzania.
This accolade further solidifies CRDB's position as a trusted financial partner. In March, the bank secured a 150 million euros facility from the European Investment Bank to support micro, small, and medium-sized enterprises throughout the country. Ambassador Nyamanga expressed pride in the recognition of the Tanzanian bank on the international stage, highlighting the government's commitment to fostering a favorable business environment for the private sector.
Michael Harris, Chief Executive Advisor of ESQR, congratulated CRDB for winning the award for the second time, following their previous achievement in 2021. He expressed his wishes for the bank to continue making a difference with integrity, honesty, and a human-centric approach.
In addition to the International Diamond Prize, CRDB Bank has received numerous prestigious awards this year. Notable accolades include being named the Best Bank in Tanzania 2023 and Top Innovation in Finance Africa 2023 by Global Finance Magazine, as well as receiving the Best SME Bank in Tanzania 2023 award from Global Finance. Furthermore, CRDB was recognized as the Regional Bank of the Year 2023 at the African Banker Awards 2023.
These accolades highlight CRDB Bank's commitment to delivering exceptional financial services, fostering innovation, and making a positive impact on the Tanzanian economy. With a focus on maintaining the highest standards of quality, CRDB Bank strives to be at the forefront of the banking industry, serving as a reliable partner for individuals and businesses alike.