(Last Updated On: May 30, 2015)
Diamond Trust Bank reported a 9.5% growth in pre-tax profit mainly due to growth in lending net interest income. It stood at Ksh2.27 billion for the three months ended March 2015.
Net loans and advances increased by 26% to Ksh144.87 billion. Net income went up by 9.1% to Ksh3.29 billion. Most banks have reported a slower growth in net income as compared to the growth in net loans. This is due to reducing interest margins (difference between interest paid on deposits and interest earned from loans)
DTB mainly focuses on lending on SMEs and has operations in Burundi, Tanzania and Uganda.