Corporate News
DTB’s loan book expanded by Sh46 billion to Sh172 billion leading to a
21.2 per cent increase in interest income to Sh18.3 billion. PHOTO |
FILE
By GEORGE NGIGI, gngigi@ke.nationmedia.com
In Summary
- Listed lender's loan book expanded by Sh46 billion to Sh172 billion leading to a 21.2 per cent increase in interest income to Sh18.3 billion.
Diamond Trust Bank
(DTB) has recorded an 11.5 per cent growth in after tax profit for the
nine months ended September riding on a growing loan book.
The listed lender reported a Sh4.7 billion net profit in the
third quarter compared to Sh4.2 billion posted at a similar time last
year.
DTB’s loan book expanded by Sh46 billion to Sh172
billion leading to a 21.2 per cent increase in interest income to Sh18.3
billion.
Its deposit base increased by Sh26 billion to Sh175
billion. Interest expenses grew at a faster pace, 29.3 per cent,
underlining the recent rise in the cost of cash.
DTB has regional operations in Tanzania, Uganda and Burundi.
The lender - majority owned by the Aga Khan Fund
for Economic Development (AKFED) - has said it aims to expand operations
to the Democratic Republic of Congo, Madagascar and Rwanda.
The banks share prices slipped to Sh195 per unit on Friday down from Sh200 in the previous day trading.
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