(Last Updated On: August 16, 2015)
Diamond Trust Bank (DTB) has reported a 10.7% rise in net profit for the first half of 2015 thanks to increased earnings from interest income.
Net profit stood at Ksh3.25 billion up from Ksh2.9 billion. Interest income grew 18.9% to Ksh11.7 billion showing increase in the number of loans taken. Kenya accounted for 69.9% of the loans. Non interest income grew by 28% to Ksh2.37 billion. Interest expense went up by 27.8% to Ksh4.64 billion.
Customer deposits grew by 27% to stand at Ksh136 billion while loans and advances grew by 34.8% to Ksh161.99 billion.