Diamond Trust Bank (DTB) Kenya has posted a KSh 7.4 billion in the 9 months to September – a 13% increase from KSh 6.6 billion recorded in 2023.
- The growth was driven by a 5.9% increase in the total operating income supported by increases in both net interest income and non funded income in the period.
- The net interest income saw a 6.1% uptick to KSh 21.3 billion on the back of an increase in interest from loans and government securities. The growth was however slowed by an increase in interest expenses.
- Non-funded income increased by 5.7% to KSh 9.7 billion owing to a surge in fees and commissions charged on loans and advances.
Customer deposits declined 3.5% to KSh 441.9 billion with customer loans shrinking faster 4.9% to KSh 275 billion in the period.
Gross non performing loans went up 1.1% to KSh 39.1 billion. However, the management decreased the loan loss provisions by 12.3% to KSh 5.3 billion, reflecting a prudent strategy.
Earnings per share (EPS) for the period improved 8.4% to Ksh 23.27, up from Ksh 21.46 in Q3 23. DTB has subsidiaries in Tanzania, Uganda, and Burundi and currently trades at KSh 53.00 at the Nairobi Securities Exchange, gaining 17.6% from the beginning of the year.
