Diamond Trust Bank(DTB) posted a 16% increase in Profit after Tax of KSh 2.9 Billion at the end of six months ended 30th June 2021 from KSh 2.4 Billion in H1, 2020.
The Group, which has a presence in Kenya, Uganda, Tanzania and Burundi had its Pre- Tax Profit increase to KSh 4.9 Billion in the first six months of 2021 from KSh 4.5 Billion in H1, 2020, while Total Operating Income increased to KSh 13.1 Billion at the end of the first six months of this year compared to KSh 12.4 Billion over a similar period last year.
The lender’s Customer Deposits grew from KSh 280.4 Billion in H1, 2020 to KSh 313.3 Billion at the end of the first six months of 2021.
The Group’s Balance Sheet size grew from KSh 388.3 Billion in H1, 2020 to KSh 429.6 Billion in H1, 2020.
Total Interest Income earned by Diamond Trust Bank from loans, government securities, and deposits in other financial institutions increased to KSh 16.7 Billion in H1, 2021 from KSh 15.8 Billion in H1, 2020.
Cash, both local and forex, reduced marginally to KSh 6 817.8 Million in H1, 2021 from 6,855.7 Million at the end of the first six months of 2020.
Fees and Commissions from loans to Diamond Trust Bank customers declined to KSh 643.8 Million in H1 2021 from KSh 741.9 Million over a similar period last year.
The lender’s profitability, measured by Earnings per Share(EPS), increased to KSh 10.48 in H1, 2021 from KSh 8.59 per share in H1, 2020, while borrowed funds increased to KSh 20.9 Billion in H1, 2021 from KSh 17.1 Billion at the end of the first six months of 2020.
Loan loss provisions made by DTB increased to KSh 8.7 Billion in H1, 2021 from KSh 6.2 Billion in H1, 2020, while Gross Non-performing loans went up to KSh 22.2 Billion from KSh 17.1 Billion in H1, 2020.
Total Shareholders Equity, which is the shareholders’ claim on assets of DTB after all debts owed are paid up, increased to KSh 65.4 Billion at the end of six months of 2021 compared to KSh 61 Billion in H1, 2020.
Directors of the Bank have not declared any interim dividend payment to shareholders, in line with its practice in recent years.
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