CORUTZTZ11-character variant (head office):
CORUTZTZXXX| Bank code | Country | Location |
|---|---|---|
| CORU | TZ | TZ |
| CRDB | TZ (Tanzania) | Dar es Salaam |
An 11-character variant like CORUTZTZXXX also indicates the head office — the trailing 'XXX' is the default. Codes ending in different sequences (e.g. 'CORUTZTZ001') refer to specific branches.
CRDB Bank, formerly Cooperative and Rural Development Bank, was established in 1996 from the privatisation of an earlier state-owned cooperative-banking institution and has grown into Tanzania's largest commercial bank by assets. The bank is listed on the Dar es Salaam Stock Exchange and operates around 270 branches plus a subsidiary in Burundi and a representative office in Dar es Salaam's key trade and shipping districts. CRDB is a major channel for inbound foreign-currency flows tied to Tanzania-China trade and the East African Community integration corridor. SWIFT code CORUTZTZ — using bank code CORU derived from "Cooperative Rural" — identifies the Ali Hassan Mwinyi Road head office. Long form: CORUTZTZXXX.
vs TZS (Tanzanian Shilling)
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SWIFT and BIC are two names for the same identifier: an 8 or 11-character code standardised by ISO 9362 that identifies a bank in the SWIFT payment network. For a wire to CRDB, your sending bank needs this code (CORUTZTZ) to route the payment message through correspondent banks to CRDB Bank in Dar es Salaam.
An IBAN, by contrast, identifies a specific bank account — not the institution. IBANs are mandatory in the European Economic Area, the UK, most of the Middle East, and several African countries (but Tanzania does not use IBANs universally). For most wires to Tanzania, you will supply SWIFT code CORUTZTZ + the recipient's account number, not an IBAN.
UK sort codes (6 digits) and US routing numbers (9 digits) are domestic-only equivalents — they do not work for international wires. If a US-based sender wants to wire to CRDB, they need the SWIFT code, not the US routing number of the correspondent bank (although their bank may use the routing number internally to route their side of the wire).
One final technical detail on the 11-character form: the last three characters identify a specific branch. When they read 'XXX' (as in CORUTZTZXXX), they conventionally designate the head office itself. Most international wires use either the 8-character form or the 11-character form with XXX; unless your recipient explicitly tells you otherwise, that is the right choice.
CRDB Bank's SWIFT/BIC code is CORUTZTZ. This 8-character code identifies the bank's Dar es Salaam head office for international wire transfers.
Yes. SWIFT (Society for Worldwide Interbank Financial Telecommunication) and BIC (Business Identifier Code) are two names for the same 8 or 11-character identifier standardised by ISO 9362. You will see CRDB's code referenced under either name on different financial platforms.
Yes. For an international wire to reach your CRDB account, the sender needs SWIFT code CORUTZTZ AND your account number. Some sending banks also request the recipient bank's full address (Plot 25 & 26 Ali Hassan Mwinyi Road, Dar es Salaam).
Typically 1 to 5 business days. The timing depends on the intermediary (correspondent) banks between the sending bank and CRDB. Wires from major global banks (HSBC, Barclays, JPMorgan, Citi) usually clear fastest.
For smaller amounts to Tanzania, operators such as Wise, LemFi, Sendwave, and TapTap Send typically offer a rate closer to mid-market and lower fees than a classic SWIFT bank wire. See our Tanzania inbound corridor comparison for side-by-side pricing.
Source: CRDB's official website + Wise SWIFT directory. Last verified: 2026-06-04. SWIFT codes change rarely but always confirm with your bank before initiating a transfer. Educational only — not financial advice.