DTB( Diamond Trust Bank) Group recorded a net profit of KSh 2.2 billion at the end of the first three months of this year compared to KSh 1.9 billion over a similar period in 2021.
Loans to customers increased to KSh 224.8 billion in Q1 2022 from KSh 205.8 billion in Q1 2021, while customer deposits increased from KSh 301.8 billion to KSh 343.1 billion in Q1 2022.
According to unaudited quarterly earnings of Diamond Trust Bank, the lender’s balance sheet size grew to KSh 471.3 billion in Q1 2022 from KSh 417.3 billion in Q1 2021.
Total Shareholders’ Equity, what owners of the Bank would be paid if the business was liquidated, increased to KSh 69.1 billion in Q1 2022 from KSh 63.9 billion in Q1 2021.
DTB Regional Network
With over 130 branches spread through Kenya, Tanzania, Uganda, and Burundi, Diamond Trust Bank saw its Gross non-performing loans increase to KSh 29.6 billion in Q1 2022 from KSh 22.9 billion in Q1 2021.
The lender’s provision for loan losses declined to KSh 582 million at the end of the first quarter of 2022 from KSh 684.3 million in Q1 2021.
An affiliate of the Aga Khan Development Network (AKDN), DTB has operated in East Africa for over 70 years.
DTB’s total interest income increased to KSh 9.2 billion from KSh 8.3 billion in Q1 2021, while its non-interest income increased to KSh 1.8 billion in Q1 2022 from KSh 1.6 billion in Q1 2021.
As measured by Earnings per Share(EPS), the lender’s profitability increased to KSh 7.79 from KSh 6.97 in Q1 2021, while its pre-tax profit rose to KSh 3.4 billion from KSh 2.9 billion.
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