Empowering African Businesses

DTB profits jump 12 per cent


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Diamond Trust Bank (DTB) Thursday announced a 12 per cent increase in pretax profit of Sh 9.57billion for full year ended December 2015, compared to Sh4.7billion the lender registered for the nine-month period to September of the same year.
The lender attributed the rise to growth in interest income.
The bank’s loans jumped Sh177.54 billion from Sh137.65 billion, while net interest income grew to Sh15.19 billion – representing a 19 per cent growth.

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Total assets increased to Sh271.61 billion from Sh211.54 billion while customer deposits jumped to Sh194.05 billion from 160.96 billion the previous year.
DTB’s earnings per share rose to Sh24.42 from Sh21.92 and recommended a dividend of Sh2.50 a share, up from Sh2.40 in 2014.

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