DTB profits jump 12 per cent

By Steve UMIDHA On Mar 10, 2016

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.

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.

Steve UMIDHA 4593 posts 1 comments

Steven Umidha is a data and financial journalist with over 15 years of work experience in journalism and communication.

He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.

Besides being the Founder of Financial Fortune Media, Umidha is a Co-founder of One Planet Agency (OPA) and has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.

He can be reached on: Email: info@financialfortunemedia.com
Cell: +(254)726-879-488

Nakumatt ventures into Sports Gear retailing

National Oil plans Sh5.6b spend on cooking gas campaign