Diamond Trust Bank’s H1 2014 Financial Results

(Last Updated On: August 15, 2014)

Diamond Trust Bank

DTB has reported muscular results with a 10 percent rise in net profit due to great performance in it subsidiaries in Uganda, Tanzania and Burundi. The net profit stood at sh2.94 billion. Net profit in the subsidiaries had risen to sh770 million, which is a 48 percent rise.

DTB mainly lends to SMEs in sectors such as trade, transport and construction. The non-performing loan ratio to the loan book was at 1.2 percent which is below the industry average of 5.7 percent.

On expansion plans, DTB is planning to expand into Madagascar and Democratic Republic of Congo within the next 15 months. These two countries are mineral rich. DRC’s political instability has been a problem for most businesses despite the fact that it is the richest country.