DTB Records Kshs 4.4 billion Net Profit

DTB CEO Nasim Devji (Middle), Chairman Linus Gitahi (Left) & Finance Director Alkarim Jiwa (Right) [Photo: Capital]

Diamond Trust Bank (DTB) has announced a net profit of 4.4 billion shillings for 2021.

This marks a 25 percent rise from 3.5 billion shillings in 2020.

The performance was on the back of enhanced interest income earnings and a continued focus on cost management.

The Group’s asset base stood at 457 billion shillings, growing by 7 percent in 2021.

Customer deposits closed at a record 331 billion shillings, which was 11 per cent in 2020.

DTB’s Chief Executive Officer Nasim Devji says the results are a testimony of the strong foundation and resilience the Group has been building over the years.

“We believe that the resilience, strong foundation, existing capabilities and new competencies that we acquire will position DTB in a take off spot to become a top-tier digitally driven bank in East Africa and anchor itself as truly customer-centric,” said Devji.

Following the improved performance, DTB has announced a resumption in dividend payments, of 839 million shillings.

“We anticipate that the dividend pay-outs will progressively increase in the years ahead as we continue to realise our aspirations to pivot DTB as a customer-centric, top-tier digitally-driven Bank in East Africa,”  said DTB Chairperson Linus Gitahi.

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