DTB CEO Nasim Devji (left), directors Linus Gitahi, Ismail Mawji and
chairman Abdul Samji during the Annual General Meeting (AGM) at Laico
Regency on May 25, 2017. PHOTO | NMG
Diamond Trust Bank’s market share has
risen to 6.44 per cent to be ranked the sixth largest lender in Kenya
following the buyout of the local branch of Pakistani lender Habib Bank.
The
Nairobi bourse listed bank had a market share of 6.1 per cent while
Habib’s was 0.34 per cent as at December 2016, according to CBK data.
“DTB
continues to grow and expand its footprint in Kenya and is expected to
open a few more branches and state-of- the-art digital lobbies within
this year,” the bank’s chief executive Nasim Devji said in a statement.
Despite
the acquisition, DTB said customers of Habib Bank will continue to
transact at its six branches countrywide. Rebranding and integrating
Habib into DTB’s systems is expected to be complete in September.
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