Kenya’s Diamond Trust Bank has posted Profit After Tax growth of 15.6% to KES 6.6 Billion.
Highlights:
- Earnings Per Share was up by 4.2% to Ksh 24.42
- Total assets increased by 28.8% to Ksh 271.6 Billion against the previous period’s Ksh 211.5 Billion.
- Non–funded income grew by 24.5% and this contributed to 23.7% of the bank’s total income.
- Net Interest Income was up by 18.8% to Ksh 10.6 Billion driven by a 24.1% increase in the lender’s interest income.Loans and advances by up by 29.0% to Ksh 177.3 Billion.
- The lender’s deposits book has mainly been supported by individual depositors who account for 48% of total deposits.The bank has strenthened this by increasing its branch networks around Kenya.
Share Price Movement
As of last trade on Thursday, the lender’s Share Price On the Nairobi Securities Exchange was trading at Ksh 212 which is 20.45% above its 0ne Year low of Ksh 176 set on Jan 20, 2016.
On a trailing basis, DTB is trading at a P/E ratio of 8.6x, higher than the industry median of 6.5, P/B of 1.5x higher than the industry median of 1.4x, and ROE of 19.3% relative to the industry median of 20.3%.
Dividend & Bonus
The directors recommend a first and final DPS of KES 2.50 (Dividend Yield of 1.2%) and a 1 for 10 bonus issue.
To read full report, please follow the link below.
Diamond Trust Bank Kenya Ltd.- Audited Group & Bank Results for the Year Ended 31st Dec 2015.pdf
