DTB Kenya's Q1 Net Income Grows 10%, Non-Interest Income Drops

Diamond Trust Bank Kenya’s (DTB) unaudited Q1 2025 results indicate the lender’s profits grew 10% supported mainly by solid balance sheet expansion and a drop in non-performing loans, but tempered by weaker income diversification.

• •Total assets grew 18.8% year-on-year to KSh 571.89 billion, backed by an 11.6% rise in customer deposits to KSh 425.21 billion.
• •Net loans also gained 5.7% to KSh 284.26 billion, while shareholders’ equity increased by 20.9% to KSh 86.92 billion.
• •The lender’s 18% drop in non-interest income to KSh 3.04 billion reflects subdued earnings from fees, commissions, and trading operations—highlighting income concentration risk in an increasingly volatile operating environment.

The lender’s asset quality improved, with gross non-performing loans (NPLs) falling 7.7% to KSh 39.69 billion. Core income from net interest rose 7.8% to KSh 7.64 billion, supported by a growing loan book and stable interest margins on customer lending and investments in government securities.

Despite the income pressure, net income edged up in double figures, increasing 10% to KSh 3.23 billion.

DTB Q1 2025 Highlights

Metric	Q1 2025	Q1 2024	YoY Change
Total Assets	KSh 571.89 Bn	KSh 481.53 Bn	▲ +18.8%
Customer Deposits	KSh 425.21 Bn	KSh 381.14 Bn	▲ +11.6%
Net Loans & Advances	KSh 284.26 Bn	KSh 268.95 Bn	▲ +5.7%
Shareholders’ Equity	KSh 86.92 Bn	KSh 71.88 Bn	▲ +20.9%
Gross NPLs	KSh 39.69 Bn	KSh 42.98 Bn	▼ -7.7%
Net Interest Income	KSh 7.64 Bn	KSh 7.09 Bn	▲ +7.8%
Non-Interest Income	KSh 3.04 Bn	KSh 3.71 Bn	▼ -18.0%
Profit Before Tax (PBT)	KSh 4.06 Bn	KSh 3.98 Bn	▲ +1.9%
Profit After Tax (PAT)	KSh 3.23 Bn	KSh 2.94 Bn	▲ +10.0%